The global market balance of copper in 2023 amounted to a surplus of some 130,000 metric tons. However, in 2024, it is expected that there will be a market deficit of more than 50,000 metric tons of copper worldwide. That same year, the global market balance of nickel is forecast to register a surplus. Copper is commonly used in electrical equipment such as wiring and motors.
Market balance of copper worldwide in 2022 and 2023, with a forecast for 2024
(in 1,000 metric tons)
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Norilsk Nickel. (February 9, 2024). Market balance of copper worldwide in 2022 and 2023, with a forecast for 2024 (in 1,000 metric tons) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1453057/global-copper-market-balance/
Norilsk Nickel. "Market balance of copper worldwide in 2022 and 2023, with a forecast for 2024 (in 1,000 metric tons)." Chart. February 9, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1453057/global-copper-market-balance/
Norilsk Nickel. (2024). Market balance of copper worldwide in 2022 and 2023, with a forecast for 2024 (in 1,000 metric tons). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1453057/global-copper-market-balance/
Norilsk Nickel. "Market Balance of Copper Worldwide in 2022 and 2023, with a Forecast for 2024 (in 1,000 Metric Tons)." Statista, Statista Inc., 9 Feb 2024, https://www.statista.com/statistics/1453057/global-copper-market-balance/
Norilsk Nickel, Market balance of copper worldwide in 2022 and 2023, with a forecast for 2024 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/1453057/global-copper-market-balance/ (last visited December 21, 2024)
Market balance of copper worldwide in 2022 and 2023, with a forecast for 2024 (in 1,000 metric tons) [Graph], Norilsk Nickel, February 9, 2024. [Online]. Available: https://www.statista.com/statistics/1453057/global-copper-market-balance/
