Global copper demand is forecast to drop 5.4% to 22.625 million tonnes, said the International Wrought Copper Council today. In 2021 copper demand is expected to bounce back 4.4% to 23.625 million tonnes. The supply side also shows a 2020 drop followed by a strong rebound in 2021. "Using publicly available information and input from the International Copper Study Group (ICSG), the supply side data shows that in 2019 copper mine production was 20.46 million tonnes. In 2020, mine output is expected to decrease by 4.0% to 19.65 million tonnes. For 2021, an increase in copper mine production of 6.7% is forecast. ... (full story)