ICSG: Copper Market Oversupply of 276,000 mt in February 2026

Published: Apr 29, 2026 10:14

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On Tuesday, April 28, the International Copper Study Group (ICSG) stated in its latest monthly bulletin that the global copper cathode market posted an oversupply of 276,000 mt in February, compared with a surplus of 34,000 mt in January.

Data showed that global copper cathode production totaled 2.26 million mt in February, while consumption stood at 1.98 million mt.

The organization also added that for the first two months of 2026, based on China's apparent consumption (excluding bonded warehouse and unreported inventory changes), the global copper cathode supply and demand preliminarily indicated an oversupply of approximately 310,000 mt.

(Wenhua Consolidated)

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