Copper supply - demand imbalance

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Global Copper Surplus Set To Flip Into Deficit, M&A Not A Solution - Freeport-McMoRan (NYSE:FCX), Global X Copper Miners ETF (ARCA:COPX)
Benzinga· 2025-10-09 10:29
The global copper market is going from surplus to shortage, according to the latest International Copper Study Group (ICSG) report. The 178,000-ton surplus projected for 2025 could flip to a 150,000-ton deficit as supply struggles to keep pace with demand.“Lower than previously anticipated refined copper production will be constrained by the lower availability of copper concentrate,” ICSG noted.The mine output is forecast to rise by 2.3% in 2026 as new capacity comes online in countries such as Mongolia and ...