The global refined copper market has seen a significant shift, with the International Copper Study Group (ICSG) reporting a supply deficit of 17,000 tons in May—ending a seven-month period of surplus. This marks a turning point for the market, as the January-May cumulative surplus dropped to 228,000 tons, indicating a tighter balance between supply and demand.
Despite this recent shortage, global production of refined copper continues to grow steadily, driven by increased mining activities and improved processing technologies. In May, China's apparent demand for refined copper hit its highest level since December 2011, highlighting strong industrial activity and infrastructure development in the country. Meanwhile, the U.S. also saw a surge in demand, reaching its highest level since March 2012, signaling a recovery in manufacturing and construction sectors.
The International Copper Study Group, established in 1992 and based in Lisbon, Portugal, plays a key role in monitoring and analyzing global copper markets. As an intergovernmental organization, it focuses on issues such as market transparency, trade access, and sustainable development. By bringing together producers, consumers, and governments, the ICSG aims to ensure stable and efficient copper markets worldwide.
With rising demand and fluctuating supply, the copper market is now more dynamic than ever. Analysts are closely watching how these trends will shape future prices and trade policies, especially as global economies continue to recover from recent disruptions.Usb Wireless Doorbell,Digital Remote Wireless Doorbell,Wireless Usb Doorbell,Mini Usb Wireless Doorbell
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