Global market for trading in the Group’s products
Table of contents
Individual markets for the products offered by KGHM have varied rules and customs concerning trading and pricing standards. Their incomparability is also due to the characteristics of individual products, which impacts their usage and the diversification of market participants. A detailed description of the markets for distinct products is included in the Management Board’s Report on the Activities of KGHM Polska Miedź S.A. and of the KGHM Polska Miedź S.A. Group in 2022.
In 2022, production of refined copper in KGHM Group companies reached 593 thousand tonnes, accounting for approx. 2.4% of global output.
In 2022, total global production of copper in the form of wire rod is estimated by CRU at 19.7 million tonnes.
In 2022, production of copper rod and wire by KGHM Polska Miedź S.A. reached 284.8 thousand tonnes, which represented nearly 11% of Europe’s total output. This result places the Company among the top European producers of those semi-finished copper products.
Approx. 72% of global metallic silver production is a by-product of mining ores of other metals. According to Metals Focus preliminary estimates, in 2022 global production of mined silver amounted to 26 thousand tonnes.
KGHM sells silver in the form of bars and grains (produced at the Głogów Copper Smelter and Refinery) and is one of the largest global producers of metallic silver. In 2022, the sold silver output of KGHM Polska Miedź S.A. reached 1,338 tonnes, having placed the company among the world’s leading silver producers.