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Excluding China, global copper demand has still not recovered

Kitco News

World copper mine production increased by 4.9% over the first half of 2021 said the International Copper Study Group in a study released yesterday.

The group said its data is preliminary.

Concentrate production increased by around 6.4% and solvent extraction-electrowinning (SX-EW) declined by about 1.5% in the same period.

World refined copper production increased by about 3.2% in the first half of 2021 with primary production (electrolytic and electrowinning) up by 3.5% and secondary production (from scrap) up by 1.7%.

Refined copper usage globally increased by 3.8% in the first half of 2021.

Excluding China the world's "...refined copper usage is estimated to have declined by about 9% in 2020. Usage over the first half of this year is estimated to have increased by about 6% compared to the same period of 2020 but is still 4.7% below that of the first half 2019."

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