ICSG: Global Copper Cathode Market Experienced a Supply Deficit of 51,000 mt in September

On Friday, November 21, the International Copper Study Group (ICSG) stated in its latest monthly bulletin that the global copper cathode market recorded a deficit of 51,000 mt in September, while there was a surplus of 41,000 mt in August.

The agency reported that the market showed a surplus of 94,000 mt in the first nine months of the year, compared to a surplus of 310,000 mt during the same period last year.

Global copper cathode production was 2.37 million mt in September, with consumption at 2.42 million mt.

After adjusting for inventory changes in Chinese bonded warehouses, the market showed a deficit of 50,000 mt in September, compared to a surplus of 47,000 mt in August.

(Comprehensive Report by Wen Hua)

As the world's largest copper consumer, China's industry chain faces three major challenges: increasing external dependence on upstream resources, overcapacity in midstream processing, and downstream demand being suppressed by high copper prices. To help the industry navigate these changes, SMM has collaborated with copper industry chain enterprises to jointly produce. Click the following link to receive the Copper Industry Chain Distribution Map for free: .

SMM Co-production Contact

Liu Mingkang

156 5309 0867

liumingkang@smm.cn