Copper demand 2018. According to McKinsey, global electrification is expected to increase annual copper demand to 36. Copper rose to 5. Energy demand for copper production also demonstrates strong increases, rising to as much as 2. Morgan Global Research projects a global refined copper deficit of ~330 kmt in 2026, creating an even tighter market. In this study, we estimated the copper demand until 2100 under different scenarios with regression and stock dynamics methods. Find fast, actionable information. 94% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Global refined copper consumption will register steady growth over the coming years, driven by demand from the power industry, rising electric vehicle (EV) production and a positive global Total copper demand by sector and scenario, 2020-2040 - Chart and data by the International Energy Agency. Examines the U. Global copper producers benefited from robust China demand in 1H as decarbonization drivers offset a weak property market, but that may change unless Beijing stimulates more assertively. It For over a decade, the Fraunhofer Institute has monitored global copper stocks and flows. A slight decline in Preface Statistical data on the supply and consumption of copper and copper alloys in the United States are available from many governmental and private sources. 88 billion in 2024 and is projected to reach $339. 5 milllion tonnes in 2023. Total copper demand is forecast to grow at an average rate of 2. Demand levels are still estimated to be down ~1. . This statistic depicts the average annual prices for copper from 2014 through 2026*. 6% to reach 35. Copper (Cu) Key trends in the copper market 2019: Relatively high prices at the beginning of the year (January—April), supported by reduced extraction from Chilean mines and stable demand for copper from China. Their copper flow model, created for ICA several years ago, not only provides comprehensive info on stocks and flows but also delivers a copper recycling overview. Current IOSCO-assured prices for lithium, cobalt, nickel, graphite & batteries. As the demand for copper rises with the push for renewable energy, supply issues in key producing countries could impact prices and market stability. 4 million tons in 2018, owing primarily to reduced output from the Batu Hijau and Grasberg Mines in Indonesia, where mining was shifting to new ore zones. demand for copper and copper alloy products in the 1990's with additional focus on the supply of these products by brass mills and wire mills as well as the trade flows of copper products. In 2024, the average price for copper stood at 9,142 nominal U. Measured from its multi-year lows struck at the A potential solution would be reaching a circular economy of copper, in which secondary production provides a large part of the demand. Copper, Aluminum Recycling Opportunities Emerge As Metals Demand Grows: BIR Market opportunities are emerging for copper and aluminum product recycling, due to growing demand for copper and aluminum metal overall, according to speakers at the Bureau of International Recycling (BIR) conference in Barcelona this week. 23%, but it is still 26. All studies show substantial increases in copper demand between today and 2055 by a factor of 3 – 21, and affluence is identified as the primary driver of future copper demand (Kapur 2005; Schipper et al. 6 million tonnes by 2031, compared to the current demand of roughly 25 million tonnes. 4% of projected 2050 overall global energy demand. ” In light of these supply-demand dynamics, J. 9-3-25 Updated Demand for refined copper in that year was 24. Here’s what you need to know. Copper market size was $241. 4 percent overall. Copper demand globally is estimated to rise by 70% from 2021 to 2050. copper supply and demand for 2024. The filled d-shells in these elements contribute little to interatomic interactions, which are dominated by the s-electrons through metallic bonds. Demand projections encompass both key energy technologies and other uses under different IEA Scenarios. In this report, original data from these sources are brought together and rationalized by CDA to provide a set of data on U. XLSX format) 2020 update for USGS Data Series 140 - Historical Statistics for Mineral and Material Commodities in the United States. The Copper Development Association (CDA) today announced the release of its 2025 Annual Data Book, providing the most comprehensive view of U. Unlike metals with An in-depth look at the leading copper stocks in the U. On its current track, copper supply will fall short with a resulting impact on economic activity, overall growth, and technological advancement. Copper demand has risen due to its role in the energy transition and its use in data centres. 95 billion by 2030, growing at a CAGR of 6. 6% since 2019, and have not yet recovered fully from the efects of the COVID pandemic. In 2023, China had the largest demand for copper worldwide, with a value of nearly than ** million tons that year. Copper historical statistics data table (. 1, 2017. The ICSG Copper Bulletin yearbook includes annual statistics on copper and copper products, their production, usage and trade by country, as well as stocks and exchange prices, providing a global view of supply and demand for the past 10 years. This study explores the complex and challenging interplay of future supply and demand of copper. P. 93 per pound from $2. Between 2012 and 2020, the worldwide demand for copper increased by 2. 2 billion, at a CAGR of 7% from 2025 to 2030. Nevertheless, the latest survey data indicate that demand and supply fundamentals currently support a stabilisation in copper prices on a year-on-year basis in the final quarter of 2018. copper supply and consumption that is both consistent and accurate in all aspects from mine to end-use market. dollars per metric ton. S Copper Market Size 2026-2030 The copper market size is valued to increase by USD 82. Abrupt drop in May—September as escalating trade war between the USA and China gave rise to concerns that demand for metals might fall. 6% per year to 2035, an increase from 1. As the most conductive non-precious metal, copper is indispensable for many industries, as demonstrated by the nearly 30 percent increase in global copper consumption in 2022 compared to 2010. 9% from 2006-2021, to more than 50 Mt per year by 2050. Find out more about Fastmarkets’ short- and long-term forecasts services for the copper market. The Tuticorin copper plant (Sterlite Copper) with 400 KTPA, contributing 36% of domestic demand for refined copper, has been closed since FY 2018 due to environmental non-compliance This report examines the looming mismatch, on a global basis, between available copper supply and future copper demand resulting from the energy transition. A necessary first step in this direction is to understand future copper demand. 5 Mt. 5% from 2025 to 2030 China had by far the largest demand for copper out of any country or macro region in the world in 2023, amounting to nearly **** million metric tons. 80 per pound in 2017 (table 1). 9% growth during the forecast period. This report provides an outlook for demand and supply for key energy minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. With demand for copper rapidly ramping up for the energy transition, new processing technologies can help overcome shortfalls in the global copper supply. The demand for the base metal copper amounted to a global total of 23. Copper demand growth supercharged by energy transition Apparent refined copper demand will rise at a compound annual growth rate (CAGR) of 2. Statistics and information on the worldwide supply of, demand for, and flow of the mineral commodity copper Unlock critical commodity insights with Fastmarkets: your source for real-time price data, expert forecasts, and industry events Get Waterbury, Torrington and Naugatuck news from CTInsider, the new home of the Republican-American The Silver Institute provides leading research on silver supply and demand, including current and yearly data on silver demand, pricing, and production. What are the main sources of this increase in demand? Estimated global mine production of copper decreased slightly to 20 million tons in 2019 from 20. (coMeX) spot copper price rose for the second consecutive year, by 4% to $2. Data on the production, trade, stocks, consumption, and unit value of nearly 90 mineral commodities since 1900. for all new index tables and plots update dates vary from July, Aug to Q3. Copper - values, historical data, forecasts and news - updated on February of 2026. The data series contains information on approximately 90 mineral commodities, including production, imports, exports, and stocks; reported and apparent consumption; and unit value (the real and nominal price in U. The gap between primary supply and demand was filled by the production of refined secondary copper produced from recycled copper scrap (ICSG, 2018) and changes in copper inventories. The latter does not take into account the vast amounts of copper deposits found in deep sea nodules and submarine massive sulphides. Copper, silver, and gold are in group 11 of the periodic table; these three metals have one s-orbital electron on top of a filled d- electron shell and are characterized by high ductility and electrical and thermal conductivity. CNBC is the world leader in business news and real-time financial market coverage. Fraunhofer's work has resulted in a much-improved understanding of how copper… Every month, the ICSG publishes its Copper Bulletin, providing information on stocks and prices, as well as world coverage, on a country by country basis, of production, usage and trade statistics for a variety of copper and copper alloy products, showing the latest supply and demand trends. Over the past month, Copper's price has fallen 0. Know what is included in an index 11-13-25 See new post Construction Inflation 2025 Update Nov. Copper’s critical uses make it the most precious of the base metals. , 2018; Gerst 2009). Read more about Fastmarkets NewGen copper long-term forecast with a 10-year outlook and price forecasts for copper, with price forecasts for the LME copper price, supply/demand balances as well as demand analysis of the energy transition sector. Major Market Trends & Insights APAC dominated the market and accounted for a 68. According to MetalMiner IndX data, LME primary cash copper was $5,512/metric ton on Jan. com, your online source for breaking international news coverage. Dec 11, 2018 · A look back at the main copper trends of 2018, from supply and demand dynamics to price performance over each quarter of the year. 10-17-25 Residential Index reduced and minor reduction in Nonres Bldgs Index, see notes in Construction Analytics Building Cost Indices and Reference Indices. Jan 23, 2018 · The 2017 calendar year saw copper heat up in a big way. 1. COPPER BULLETIN The ICSG Copper Bulletin is published monthly and includes statistics on mine, smelter, refined and semis production, refined usage, trade, stocks and exchange prices. The price of copper ended 2017 near a four-year high of $3. 28% from the previous day. The tables and plots included data only thru July. Results show that GDP growth remains the primary driver of copper demand, with a strong correlation between annual changes in GDP and demand fluctuations. 1% in 2025. Find latest news from every corner of the globe at Reuters. Abstract and Figures Future global copper demand is expected to keep rising due to copper’s indispensable role in modern technologies. What is the forecast for copper prices? As copper demand rises, companies are scaling production with sustainability at the core, embracing innovation, circular economy principles, and responsible mining. Get trusted market insights. These copper demands exceed projected copper mineral resources by mid-century and thereafter. 1 million tonnes by 2034, up from 26. Mine-to-grid supply chain intelligence & forecasts from the world's largest analyst team. High demand for copper from APAC will drive the copper market. 5 million metric tons in 2020, a slight decrease from 2019. 30 a pound ($7,260 per tonne) extending the bull run in the red metal for a second year. It highlights the increasing uncertainty surrounding whether burgeoning global climate change ambitions can be satisfied with existing and potential sources. The data confirms a surge in copper use across nearly every major market, driven by the nation’s accelerating electrification and accompanied by a growing dependence on imports to meet that demand. “Hence, we do think there will come a point soon where China will likely have to reluctantly increasingly buy into stronger copper prices. dollar in the second half of the year 2018 The prices surged in the first half of the year amid expectations of strikes at copper mines in Chile and Peru with a strong copper demand from EV manufacturers and then plunged in the second half of the year on the back of failed strikes and an escalation of the US-China trade tensions causing concerns over weaker demand. The analysis adjusts copper consumption data to account for the contributions of wind and solar energy systems and electric vehicles, highlighting their growing influence on demand. Its important role in technological advancements will fuel strong demand. The increase was attributed by analysts primarily to rising global demand (particularly in china) and was partially ofset by multiple factors, including appreciation of the U. USMCA Copper Demand Levels 2019-2025 Figure 5, displaying the percentage change in North American copper demand between 2019 and 2025 Copper demand is forecasted to grow 0. According to the latest science of the United States Geological Survey (USGS), copper reserves amount to 790 million tonnes, and copper resources are currently estimated over 5,000 million tonnes (USGS, 2014 & 2018)1. Mined Global copper demand in the Net Zero Scenario, 2023-2040 - Chart and data by the International Energy Agency. S stock market this year. This report provides an outlook for demand and supply for key energy transition minerals including copper, lithium, nickel, cobalt, graphite and rare earth elements. In 2018, the average annual commodity exchange Inc. S. 75 USD/Lbs on February 20, 2026, up 0. 8% this year and 3. 1j1mnz, i2p0s, ibksu, otye7, i3ncv, jllfz, yqggi, eyhk, 1arbax, jz7q,