Group 1 - The International Copper Study Group (ICSG) reports a surplus of 173,000 tons in the global refined copper market by December 2025, an increase from a surplus of 74,000 tons reported in November [2] - The global refined copper market is expected to have a surplus of 380,000 tons in 2025, compared to a surplus of 69,000 tons in the previous year [2] - In December 2025, global refined copper production is projected to be 2,430,000 tons, while consumption is expected to be 2,260,000 tons [2] Group 2 - Global copper mine production is forecasted to reach 23,125,000 tons in 2025, up from 22,958,000 tons in 2024 [3] - The global copper smelting capacity is expected to increase to 34,945,000 tons in 2025, compared to 33,199,000 tons in 2024 [3] - The global refined copper consumption is projected to be 28,160,000 tons in 2025, an increase from 27,328,000 tons in 2024 [3]
ICSG：2025年12月铜市场供应过剩17.3万吨
Wen Hua Cai Jing·2026-02-25 02:13