Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
BHP Sees Copper Supply Glut in Short Term despite China Demand Recovery
Mar 10, 2023 12:04Source:SMM
According to a commodity market outlook issued by BHP on March 9, led by the recovery of demand in China, global copper demand will continue to grow this year.
According to a commodity market outlook issued by BHP on March 9, led by the recovery of demand in China, global copper demand will continue to grow this year.
From the perspective of supply, many long-awaited projects will reach production in 2023-2024, including projects in Peru, Chile, Central Africa and Mongolia.
Although there may still be a series of problems in the actual delivery and production ramp-up of these projects, we expect that by the end of 2024, copper ore supply will increase by about 12% from 2021.
Not only will the supply of copper ore increase, but the supply of copper scrap is also expected to increase due to a variety of reasons, including growth in scrap copper resources in China, rising copper prices, and recovery in logistics.
Market
Output
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
