- According to preliminary data from the International Copper Study Group , global refined copper balance in January-July 2023 indicates an apparent surplus of about 215,000 t, as refined copper production increased by about 7% while refined copper usage grew by about 4%.
However, ICSG noted that global copper production growth rates have been improving, increasing from 0.9% in Q1 2023 to 2.8% in Q2 2023 and 3% in July . However, despite these constraints Peruvian mine production increased by 20%. This rise was primarily a result of additional output from Quellaveco , continued ramp-up at Mina Justa and improved production at Southern Copper.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: