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 January 21, 2022 02:30:42 PM

WBMS: Copper Metal Balance in Deficit Until November

Paul Ploumis
ScrapMonster Author
The global copper mine production in Jan-Nov ’21 totalled 19.53 million tonnes, marginally higher by 4.2% than the corresponding eleven-month period in 2020.
WBMS: Copper Metal Balance in Deficit Until November

SEATTLE (Scrap Monster): The latest data published by the World Bureau of Metal Statistics (WBMS) indicates deficit global copper market during the initial eleven-month period of 2021.

The worldwide copper market recorded a deficit of 349 kt during this period. This follows a deficit of 691.9 kt recorded during the whole of 2020.

ALSO READ:

WBMS: Primary Aluminum Metal Market Ended in Significant Deficit

World Nickel Metal Posted Notable Deficit Till September

The global copper mine production in Jan-Nov ’21 totalled 19.53 million tonnes, marginally higher by 4.2% than the corresponding eleven-month period in 2020. Meantime, the global refined production amounted to 22.44 million tonnes until November last year, up by 1.5% compared with the year before. The refined production witnessed significant increases in China and India, recording a surge by 337 kt and 127 kt respectively. The U.S refined production too were up by 67 kt at 902.4 kt.

The global copper demand from January to November in 2021, at 22.79 million tonnes, remained more or less unchanged from the first eleven months of 2020. The Chinese apparent demand edged down by 6.4% year-on-year to 12.52 million tonnes.

The reported copper stocks at the end of November last year were 186.7 kt lower than end-December 2020 levels. The Shanghai warehouses reported net deliveries of 33.3 kt, whereas the Comex stocks witnessed decline by 16.2 kt.

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