KGHM August Copper Output Falls 1% to 61,900 Tonnes

The divergence between output and sales is the notable detail: production slipped only marginally, but sales fell more than three times as fast, hinting at inventory building or softer offtake rather than a pure operational problem. For a miner of KGHM's scale, that gap matters to anyone tracking European copper supply into RWA-linked commodity channels. Whether the sales lag reflects timing or a sustained demand shift is the open question.