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Global copper market was in surplus in January as refined production up 5.5% - report

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Global copper market was in surplus in January as refined production up 5.5% - report

- According to preliminary data from the International Copper Study Group , in January 2023, global copper mine production increased by about 4.5%, with concentrate production increasing by around 3.5% and solvent extraction-electrowinning by about 9%.

“In Peru, local communities’ actions impacted production at various copper mines leading to a decline of 0.3% in the country’s total output. Concentrate output was down by 1.6%, as the mines impacted were mainly producing concentrates,” it added. ICSG’s preliminary data indicate that world refined copper production increased by about 5.5% in January 2023 with primary production up by about 5.9% and secondary production up by 4.7%.

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