Copper Mine Supply Seen Slightly Higher Than Year Ago -- Market Talk
Dow Jones
Aug 04
2338 GMT - Copper output appears to have risen slightly in 2Q, according to Jefferies's analysis of filings from companies that account for 62% of global mine supply. Reported 2Q volumes from those companies are up 4.7% versus 1Q, a typical seasonal lull, says Jefferies. Output is 2.5% higher year over year. Production declines from Glencore and Freeport offset production increases from Codelco, MMG, and Rio Tinto, Jefferies says. The bank says it expects copper mine supply growth to slow as existing mines are depleted. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
August 03, 2025 19:38 ET (23:38 GMT)
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