Copper: things to look for in 2023

Predictions for the year ahead

1 minute read

In this year’s report:   

Copper price volatility rose to its highest levels in over a decade in 2022. Growing economic uncertainty due to the war in Ukraine, rising inflation and slowing metal demand growth was set against increasing supply disruption.   

How the Chinese economy unfolds following its rapid reopening and any implications on the global economy will shape demand, as will further inroads into the energy transition. Mine supply is set to rise at pace this year, however the operating environment in major producing countries remains challenging.  

In this report, we draw on insight from the Copper Research Suite to share our view of the year ahead. This includes:  

  • Exchange stocks at multi-year lows will underpin market volatility 
  • Unpredictable economic recovery in China 
  • And more.  

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