World Bureau of Metal Statistics (WBMS): In 2023, global refined copper production was 27.6261 million tons, consumption was 27.6919 million tons, resulting in a supply shortage of 0.658 million tons. Global copper mine production for the full year 2023 was 22.3641 million tons. In December 2023, global refined copper production was 2.4432 million tons, consumption was 2.4246 million tons, resulting in a surplus of 0.187 million tons. Copper mine production in December was 1.9748 million tons.