Refined copper production in the world in 2025 will increase by about 2.9% to 28.9 million tons, according to the International Copper Study Group (ICSG).
This will be driven by the expansion of production capacity in China and the launch of new facilities in other countries, primarily in Indonesia, India and the Democratic Republic of Congo (DRC).
In 2026, copper production is expected to grow by 1.5% to over 30.8 million tons.
Demand for copper this year is expected to increase by 2.4% to 28 million tons. “Given the uncertainty surrounding international trade policy, which is likely to weaken the global economic outlook and negatively impact copper demand, the growth rate estimate has been revised downward from the group’s September forecast, which assumed a 2.7% increase,” the report said.
In 2026, global copper consumption may increase by 1.8% to about 28.5 million tons.
At the same time, demand in China is projected to grow by about 2% in 2025 and 0.8% next year, according to experts.
In 2024, the world recorded a copper surplus of 138 thousand tons. This year, the surplus of the metal on the global market is expected to be about 289 thousand tons, and in 2026 – 209 thousand tons.
When making forecasts, ICSG understands that the situation on the global market can change under the influence of numerous factors, the report says.
The International Copper Study Group, established in 1992, is an intergovernmental organization that serves as a vehicle for international discussion and cooperation on copper-related issues. The ICSG is the only multilateral institution dealing with copper production, consumption and trade. The group consists of 25 countries, including the European Union, Kazakhstan and Russia.
In January-March 2025, imports of copper and copper products to Ukraine increased by 10.5% compared to the same period in 2024 to $46.42 million.
Exports of copper products increased by 17.7% to $21.35 million.
In March, imports amounted to $16.14 million, while exports amounted to $7.05 million.
For the whole of 2024, copper imports remained stable ($140.8 million), while exports increased by 22.4% to $88.24 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
In January-February 2025, Ukrainian companies increased imports of copper and copper products by 4% compared to the same period of 2024 – up to $30.277 million.
According to customs statistics, copper exports increased by 31.3% to $14.305 million in the period under review. In February, copper was imported for $16.462 million and exported for $7.354 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
In January 2025, Ukrainian companies reduced imports of copper and copper products by 17.93% compared to the same period in 2024, to $13.815 million. At the same time, copper exports increased by 31.7% to $6.951 million during this period. In December 2024, copper imports amounted to $13.487 million, and exports amounted to $7.128 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
In 2024, Ukrainian enterprises maintained imports of copper and copper products in value terms at the level of the previous year – up to $140.797 million. Copper exports increased by 22.4% to $88.237 million. In December, the country imported copper worth $13.487 million and exported it worth $7.128 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
In January-November this year, Ukrainian companies increased imports of copper and copper products in value terms by 6.1% year-on-year to $127.286 million.
According to customs statistics released by the State Customs Service of Ukraine on Monday, exports of copper and copper products increased by 24.5% to $81.110 million over the period under review.
In November, Ukraine imported copper worth $11.033 million and exported it worth $8.129 million.
As reported, in 2023, Ukraine increased imports of copper and copper products by 2.2 times compared to 2022 – up to $140.795 million, while exports decreased by 20.1% to $72.078 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
