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Copper market outlook - 2013 review and events to watch in 2014

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22 January 2014

Copper market outlook - 2013 review and events to watch in 2014

Report summary

In 2014, we anticipate the copper market will register its fourth consecutive year of surplus, with some downward pressure on prices. We expect another year of robust mine production growth, although sluggish scrap markets may temper the pace of refined output and growth in direct use scrap. As the global economy recovers, we foresee a more broad based consumption growth outlook for copper, with less reliance on China.

Table of contents

  • Executive summary
  • 2013 Year in Review
    • Fundamental factors
    • Non-fundamental factors
  • Conclusion

Tables and charts

This report includes 3 images and tables including:

  • Prices react to macro events
  • Regional demand outlook
  • Copper market outlook - 2013 review and events to watch in 2014: Image 2

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