ICSG Reports Global Refined Copper Supply Deficit of 51,000 Tonnes in July 2026
The International Copper Study Group (ICSG) reported a global refined copper market supply deficit of 51,000 metric tons in July 2026, narrowing from a 74,000-ton deficit in June. For the first seven months of 2026, the market showed a cumulative surplus of 32,000 tons, sharply down from 157,000 tons a year earlier. Global production was 2.41 million tons against consumption of 2.46 million tons.
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International Copper Study Group Forecasts 51,000-Tonne Supply Deficit for July 2026
On September 24, the International Copper Study Group (ICSG) released its latest report, forecasting a global refined copper market supply deficit of 51,000 tonnes for July 2026. The projection indicates a tightening in the copper market, which could have implications for prices and supply chains in the metals industry. The ICSG is a leading authority on copper market statistics and analysis, and its reports are closely watched by traders, miners, and manufacturers. The forecast is attributed to the ICSG and reflects their analysis of supply and demand dynamics. No further details on the methodology or underlying assumptions were provided in this brief report.
Read sourceICSG: Global Refined Copper Market Deficit Narrows to 51,000 Tons in July 2026
The International Copper Study Group (ICSG) reported in its latest monthly report that the global refined copper market recorded a supply deficit of 51,000 metric tons in July 2026, narrowing from a deficit of 74,000 tons in June 2026. According to the ICSG, for the first seven months of 2026, the global refined copper market had a cumulative supply surplus of 32,000 tons, a significant reduction from a surplus of 157,000 tons in the same period of the previous year. The data shows that global refined copper production in July 2026 was 2.41 million tons, while consumption stood at 2.46 million tons. The report indicates a tightening market balance compared to the prior year.
Read sourceInternational Copper Study Group Forecasts 51,000-Tonne Supply Deficit for July 2026
The International Copper Study Group (ICSG) has released a forecast indicating that the global refined copper market will face a supply deficit of 51,000 tonnes in July 2026. This projection, reported by financial news outlet Jin10, suggests a tightening of copper supply relative to demand for that specific month. The ICSG is an authoritative intergovernmental organization that provides data and analysis on the global copper industry. The forecast is attributed to the ICSG and reflects their assessment of market conditions, including production levels, consumption trends, and inventory changes. The deficit figure is a specific numerical estimate and does not include broader commentary on price implications or longer-term trends beyond the stated month.
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International Copper Study Group Forecasts 51,000-Tonne Supply Deficit for July 2026
According to the latest report from the International Copper Study Group (ICSG), the global refined copper market is projected to face a supply deficit of 51,000 tonnes in July 2026. The forecast, reported by Chinese financial news outlet East Money, indicates a tightening in the copper market at that time. The ICSG is an authoritative industry body that provides data and analysis on the global copper market. This specific deficit estimate is a key data point for investors and industry participants monitoring supply-demand dynamics in the base metals sector.
Read sourceInternational Copper Study Group Forecasts 51,000-Ton Refined Copper Supply Deficit for July 2026
The International Copper Study Group (ICSG) has released a report forecasting a global refined copper market supply deficit of 51,000 metric tons for July 2026. This projection indicates a shortfall between global production and consumption of refined copper during that month. The ICSG is a leading intergovernmental organization that provides data and analysis on the global copper market. The forecast is based on the group's latest market analysis and reflects expected supply and demand dynamics. The report does not specify the underlying factors driving the deficit, such as mine output, smelter capacity, or demand from key sectors like construction and electronics. The figure represents a specific monthly estimate and may be subject to revision as new data becomes available.
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