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 21, 2022 09:00:12 PM

WBMS: Copper Metal Balance Ended in Deficit in 2021

Paul Ploumis
ScrapMonster Author
The world copper mine production during full-year 2021 totalled 21.37 million tonnes, slightly higher by 3.8% when compared with the year before that.
WBMS: Copper Metal Balance Ended in Deficit in 2021

SEATTLE (Scrap Monster): The trade statistics published by the World Bureau of Metal Statistics (WBMS) indicate that global copper market recorded modest deficit during the entire previous year. The global copper market recorded deficit of 397 kt during this period. This follows a deficit of 690kt recorded during the whole of 2020.

The reported copper metal stock stood lower by 180.4kt, when compared with end-December 2020 levels. The Shanghai warehouses reported net deliveries of nearly 37kt. The Comex stocks witnessed decline by 7.5kt.

The world copper mine production during full-year 2021 totalled 21.37 million tonnes, slightly higher by 3.8% when compared with the year before that. The global refined copper output too recorded modest increase over the previous year. The refined production totalled 24.66 million tonnes, marginally higher by 2.1% when compared with 2020. The WBMS report notes that significant increases were recorded in China and India, where production recorded a jump by 466kt and 151kt respectively.

The global copper demand edged higher marginally by 0.9% in 2021 to 25.06 million tonnes recorded in 2020.

The monthly refined copper production in December 2021 totalled 2,158.2kt, whereas the demand totalled 2,272.7kt.

YOU MAY ALSO BE INTERESTED IN:

WBMS: World Primary Aluminum Metal Market Ended in Notable Deficit

World Nickel Market Posted Deficit Until November 2021, Says WBMS

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