According to SMM, the latest report released by the World Bureau of Metal Statistics (WBMS) showed that in March 2025, global copper cathode production reached 2.5135 million mt, with consumption at 2.493 million mt, resulting in a supply surplus of 20,500 mt. From January to March 2025, global copper cathode production amounted to 7.2832 million mt, with consumption at 7.0125 million mt, leading to a supply surplus of 270,800 mt. In March 2025, global copper concentrates production stood at 1.5392 million mt. From January to March 2025, global copper concentrates production totaled 4.5217 million mt.