国际铜业协会（ICSG）数据显示，2025年全球精炼铜市场预计将出现28.9万吨的供应过剩，2026年则预计将有20.9万吨的过剩。

Group 1 - The International Copper Study Group (ICSG) forecasts a surplus of 289,000 tons in the global refined copper market by 2025 [1] - For 2026, the surplus is expected to decrease to 209,000 tons [1]