The global copper market experienced a supply surplus of 147 thousand tons in the first eight months of the year, according to the International Copper Study Group. Rising mine production and stronger metal production, particularly in China and the Democratic Republic of Congo, have contributed to this surplus. These two nations account for 57% of global production. While the surplus is lower than last year’s 477 thousand tons during the same period, the supply situation has shown improvement since June. Despite this, the sharp rise in copper prices linked to supply concerns may not be entirely warranted. The global ... (full story)