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Copper: How long will it take to return to a "new" normal
Report summary
Wood Mackenzie’s Hun Hao Chuah presented at the 121 Mining Investment APAC Virtual Conference on 8th March 2021. Key themes include the decoupling of copper price from the fundamentals to reach decade high level of more than $9600/t since 2011. The presentation examined the reasons for optimism in copper, as well as upside to our long term copper demand forecast due to decarbonisation commitments by major economies. The presentation also highlights the strategies of which major miners are undertaking to lower carbon intensity of their operation.
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