Copper Market Navigation Stress Lingers

March 14, 2025

The world’s copper mining, smelting and refining sectors more than met increased global demand in 2024, according to statistics gathered by the Lisbon-based International Copper Study Group (ICSG). In its statistical summary of last year, ICSG reports that copper mine production grew by 2.3% in 2024 compared with the previous year while refined copper production grew by 4.2%. According to ICSG, recyclers and secondary producers played a part in the increase by raising the global output of recycled-content copper by 2.0% in 2024 compared with 2023.

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