Country Report
Global copper smelter and refinery cost summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In this update of the Global copper smelter and refinery asset summary, we examine the key trends and material developments impacting the industry. With this quarterly update, the weighted average DCC of costed smelters was revised to 19.6 c/lb Cu in 2024, an overall reduction of 1.2 c/lb Cu compared to 2023, underpinned by lower energy prices. Furthermore, backed by higher acid prices in 2024, sulphur credit increased to 8.5 c/lb from 7.1 c/lb in 2023. Still, it will remain considerably lower than the 14.2 c/lb Cu registered in 2022. The average DCC of copper refineries reached 4.9 c/lb Cu in 2023 but fell to 4.6 c/lb Cu in 2024. The attached files include a summary report and two interactive data packs. This data can be easily manipulated using personalised tables and charts, allowing the user to focus on the custom elements of the smelter and refinery analysis. If you have any feedback or questions, please contact support@woodmac.com
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