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Global refined copper market to swing to surplus in 2026, group says
The global refined copper market is expected to shift to a surplus of 96 000 metric tons in 2026, reversing a previously forecast deficit of 150 000 tons, due to slower demand growth and increased secondary production, the International Copper Study Group said on Thursday. The organization projected a surplus of 377 000 metric tons in 2027 but cautioned that geopolitical risks, including the war in the Middle East, and changes in trade flows could impact market balances. Global refined copper usage is now expected to grow by 1.6% in 2026, down from a prior estimate of 2.1%, and by 2% in 2027. Chinese demand is ... (full story)
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- Apr 23, 2026 6:31pm Posted byFundamental Analysis217
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