Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Copper February 22, 2023 06:40:52 PM

ICSG Announced World Copper Market Deficit in 2022

Paul Ploumis
ScrapMonster Author
The world copper mine production has increased marginally by nearly 3.3% in 2022.
ICSG Announced World Copper Market Deficit in 2022

SEATTLE (Scrap Monster): The preliminary data for world copper supply and demand for the month of December 2022 indicates that the market ended in apparent deficit during the previous year.

The February 2023 Copper Bulletin published by the International Copper Study Group (ICSG) states that refined copper market balance ended at a deficit of approximately 376,000 tonnes in 2022.

RELATED NEWS:

The Copper Shortage is Getting Real

Iran Commits to $15 Billion Investment to Boost Copper Output

The world copper mine production has increased marginally by nearly 3.3% in 2022. The concentrate production has increased by around 3.0%, whereas the SX-EW output has registered a surge by about 5.0%. The production in Chile- the world’s largest copper mine producing country, was down by 5.0% during the year. Also, mine output growth in Peru was limited to 4.8% during this period, mainly due to extended stoppage of activities at the Cuajone and Las Bambas copper mines.

The world refined copper output increased modestly by 3.5% in 2022. The primary production reported an increase of 4.0%, while the secondary production was up slightly by 1.4%.

The apparent refined copper usage witnessed growth by 3.0% during the previous year. The Chinese apparent usage saw 6% increase, partially offsetting the decline in other regions. The world ex-China refined copper usage remained essentially unchanged from 2021, said ICSG Copper Bulletin.

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search