The Old Has Passed, Everything Is New: SMM Copper Concentrate Supply-Demand Balance Table Released [SMM Analysis]

Published: Jan 11, 2025 12:07

Save

[SMM Analysis: The Old Is Gone, Everything Is New - SMM Copper Concentrates Supply-Demand Balance Table Released] 2024 has passed, and SMM has released the global copper concentrates supply-demand balance table for 2021-2030 based on publicly available data sources and the latest project progress.

》View SMM Copper Prices, Data, and Market Analysis

》Subscribe to View SMM Historical Spot Metal Prices

2024 has passed, and based on publicly available data channels and the latest project progress, SMM has released the Global Copper Concentrates Supply-Demand Balance Sheet for 2021-2030.

On the supply side, future supply increment projects in China include the Juno Copper Mine, Hongnipo Copper Mine, Yulong Copper Mine, and Julong Copper Industry. Major supply increment projects in other countries include Tsagaan Suvarga in Mongolia, Tampakan in the Philippines, Mes Aynak Copper Mine in Afghanistan, the Josemaria Project in Argentina, Eva Copper in Australia, Grasberg in Indonesia, OT Mine in Mongolia, and Mirador in Ecuador.

On the demand side, future incremental crude smelting demand projects in China include Tongling Nonferrous, Chifeng Jintong, Shandong Humon Weihai, Phase I of Yingkou Jianda Shenghai Nonferrous Chemical Co., Ltd., Hubei Qiangxing, Phase I of Hunan Yuneng, as well as the Olympic Dam in Australia, Kaz Minerals projects, and the Adani project in India.

In summary, SMM has produced the latest version of the Global Copper Concentrates Supply-Demand Balance, taking into account supply and demand disruption rates, raw material buried inventory, and smelting losses.

》Click to View the SMM Copper Industry Chain Database

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 30, 2026 22:09

Cautious Stockpiling Amid High Copper Prices, Finished Product Inventories Down Slightly Before Labour Day

[SMM Copper Wire and Cable Weekly Inventory] Despite the approaching Labour Day holiday, overall enterprise stockpiling sentiment remained cautious due to high copper prices. As a result, raw material inventories of mainstream copper wire and cable enterprises in China edged up 2.58% WoW. Finished product inventories side, some wire and cable enterprises suspended quotations during the Labour Day holiday, and some end-users cautiously picked up goods in advance, driving finished product inventories down slightly by 2.42% WoW.

Apr 30, 2026 22:09

Apr 30, 2026 22:08

Copper Wire and Cable Industry Sees Decline in Operating Rates Amid High Copper Prices

This week (April 24–April 30), the SMM operating rate of copper wire and cable enterprises was 65.9%, down 1.09 percentage points WoW. Copper prices hovered at highs this week, and earlier concentrated procurement had front-loaded some subsequent demand. Industry orders in the wire and cable industry remained weak, with operating rates continuing to decline. Next week, wire and cable industry operations will continue to pull back. Most enterprises will have a short Labour Day holiday break, with some choosing to cut production or maintain operations without shutting down. The operating rate is expected to continue falling by 3.12 percentage points WoW to 62.78%.

Apr 30, 2026 22:08

Apr 30, 2026 22:03

Diverse Holiday Production Plans Among Chinese Wire and Cable Enterprises as Labour Day Nears

[SMM Wire and Cable Holiday Survey] As the Labour Day holiday approaches, SMM conducted an in-depth survey on holiday production arrangements among 13 mainstream wire and cable enterprises in China, with a combined sample capacity of 1.67 million mt. The survey showed that enterprises' holiday production plans were divergent. Most enterprises followed their usual practice of maintaining production during the holiday; some enterprises, however, chose to halt production during the holiday due to weakening orders, adjusting their production pace to ease finished product inventory pressure.

Apr 30, 2026 22:03