Global production of refined copper will increase by about 0.4% to 28.7 million tonnes in 2026, the International Copper Research Group (ICSG) predicts.
In 2027, copper production is expected to increase by 3.4%2. This will be facilitated, in particular, by increasing the capacity of enterprises in Indonesia, India and the countries of the European Union. Primary production is expected to grow by 3%, and secondary (from scrap) production by 4.7%.
Global copper consumption growth this year is now forecast at 1.5% (up from 1.6% expected in April), due to downward revisions to estimates for the Middle East and Middle East. In 2027, global consumption could increase by 2.5%, which, in particular, will be “facilitated by a recovery in global economic growth,” the ICSG report says. Copper demand, particularly in the EU and Japan, will remain subdued. in the Middle East, it said.
The International Copper Study Group, established in 1992, is an intergovernmental organization that serves as a vehicle for international discussion and cooperation.cooperation on copper-related issues. ICSG is the only multilateral institution dedicated to copper production, consumption and trade. The group includes 25 states.
