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Copper market expected to be in surplus in 2025 followed by deficit in 2026, ICSG says
Copper market expected to be in surplus in 2025 followed by deficit in 2026, ICSG says Thu, 09 Oct 2025 07:40:39 +0800

The International Copper Study Group (ICSG) on Wednesday projected a surplus of approximately 178 000 t in the global refined copper market for 2025, followed by a deficit of 150 000 t in 2026. World copper mine production is expected to grow by 1.4% in 2025, with an accelerated growth rate of 2.3% forecast for 2026, according to ICSG data. Meanwhile, refined copper usage is predicted to increase by about 3% in 2025 and 2.1% in 2026. The data showed refi...

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