Global copper market balance 2022-2024
global market balance of nickel is forecast to register a surplus. Copper is commonly used in electrical equipment such as wiring and motors.
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