ICSG: Global Refined Copper Market Saw a Supply Deficit of 19,900 mt in January 2025

On Friday, March 21, the International Copper Study Group (ICSG) stated in its latest monthly report that the global refined copper market saw a supply deficit of 19,000 mt in January 2025, compared to a shortage of 22,000 mt in December 2024.

In January 2025, global refined copper production was 2.38 million mt, and consumption reached 2.4 million mt.

The ICSG noted that after adjustments for bonded warehouse inventories in major consuming countries, the supply gap in January 2025 stood at 17,000 mt, while the shortfall in December 2024 was 51,000 mt.

At the event, over 100 exhibitors will showcase the latest copper processing and smelting equipment, high-quality raw material suppliers, and new-type copper-based materials, highlighting the innovation and vitality of the copper industry.

The conference features a rich array of activities: the main forum focuses on global copper market trends, raw material supply, policy impact analysis, and market direction interpretation. Sub-forums delve into specific areas such as electrical power transmission and distribution, secondary copper, copper-based new materials, hardware and plumbing, and ESS, discussing hot topics within the industry; during the conference, there will also be a two-day field trip to 12 representative copper industry enterprises with a combined capacity of 1 million mt. Sharing cutting-edge technologies and valuable experiences, the event aims to promote the upgrade of the copper industry chain and drive high-quality development in the sector.

CCI 2025SMM (20th) Copper Industry Conference & Exhibition helps you grasp the pulse of the industry, expand your network, and discover business opportunities! SMM sincerely invites you to join us in Nanchang, Jiangxi from April 22-25, 2025, to usher in a new era of copper and plan for new developments together!