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Home / Metal News / Copper Inventories to Fall to Record Low While Supply Peaking In 2024

Copper Inventories to Fall to Record Low While Supply Peaking In 2024

Mar 22, 2023 11:30

Source:SMM

Goldman Sachs expects that copper inventories will fall to a record low....

Goldman Sachs expects that copper inventories will fall to a record low of 125,000 mt, and supply will peak in 2024.

Inventory

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.

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According to data released by LME, the nickel inventories fell first and then grew.

Mar 7, 2023 17:28

SMM Comments

LME Nickel Inventories Hit a New Low in Recent Years, while SHFE Nickel Inventories Grow 14.72%

Copper Inventory in Major Chinese Markets Dips This Week

As of Friday March 3, SMM copper inventory across major Chinese markets stood at 309,100 mt, down 16,300 mt from Monday and 16,300 mt from last Friday.

Mar 3, 2023 13:33

SMM Insight

Copper Inventory in Major Chinese Markets Dips This Week

LME lead Inventory Drops 25 mt on Feb 9

LME lead inventory dropped 25 mt to 22,150 mt on February 9.

Feb 9, 2023 17:45

SMM Comments

Lead Inventory under Warrants in SHFE Warehouses Dipped on Feb 9

According to SMM data, lead inventory under warrants in SHFE warehouses dipped 100 mt to 41,167 mt.

Feb 9, 2023 15:38

Analysis

SHFE Copper Inventory under Warrants Climbed on Feb 9

According to SMM data, SHFE copper inventory under warrants increased 2,608 mt to 115,045 mt.

Feb 9, 2023 15:32

Analysis

China Rebar Stocks up 10.4% on Week

The total inventory of rebar across social warehouses and steel makers in China stood at 11.66 million mt as of Thursday February 9, up 1.1 million mt or 10.4% from a week ago, and up 2.4% from the same period last year.

Feb 9, 2023 14:50

Analysis

Zinc Ingot Social Inventory Gains 5,700 mt Over Weekend

Altogether, the overall inventory did not changed much. Taken together, inventories in Shanghai, Guangdong and Tianjin rose 4,100 mt, and inventories across seven major markets in China gained 5,700 mt.

Dec 26, 2022 17:00

Analysis

Zinc Ingot Social Inventory Gains 5,700 mt Over Weekend

Zinc Ingot Inventories across Seven Major Markets in China Decreased 5,400 mt over the Weekend

SMM data shows that the total zinc ingot inventories across seven major markets in China totalled 143,100 mt as of July 25, down 5,400 mt from July 22 and 10,200 mt from July 18.

Jul 25, 2022 17:40

Industry

Zinc Ingot Inventories across Seven Major Markets in China Decreased 5,400 mt over the Weekend

Aluminium Inventory Decline Slowed down, Some Areas Saw Inventory Accumulation

SHANGHAI, Jun 27 (SMM) – The aluminium ingot social inventories across China’s eight major markets totalled 746,000 mt as of June 27, down 4,000 mt from last Thursday and 176,000 mt from the end of May.

Jun 27, 2022 15:27

Analysis

Aluminium Inventory Decline Slowed down, Some Areas Saw Inventory Accumulation

Copper Inventory in China Bonded Zone Dropped by 7,400 mt on Week

Copper inventories in domestic bonded zones decreased by 7,400 mt from last Thursday June 2 to 287,400 mt as of June 10, according to SMM survey.

Jun 10, 2022 16:02

Analysis

Copper Inventory in China Bonded Zone Dropped by 7,400 mt on Week

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Copper Inventories to Fall to Record Low While Supply Peaking In 2024

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025