Insight
Copper's CESCO week: 5 key talking points
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Last week we attended CESCO week in Santiago, Chile. The gathering has been a regular fixture in the industry calendar for over twenty years, bringing together producers, consumers, traders and the financial community. With copper prices range bound in recent weeks, the topics for discussion remained relatively unchanged since our 2019 market preview. The impact of macro-economic headwinds on demand, the relative ability of mines and smelters to meet guidance and the role of sentiment on prices were among the main discussion themes. In this insight we are concentrating on five main areas, and have highlighted the key questions raised.
Table of contents
- Global mine supply: Is mine production set to fall in 2019?
- Copper concentrate market: Will new primary capacity in China offset smelter maintenance elsewhere?
- Global demand: Should we expect weaker Chinese demand this year?
- Scrap outlook: What is the impact of China's scrap policy on the market?
- Copper prices and stocks: Will the fundamentals lead to higher prices this year?
Tables and charts
This report includes the following images and tables:
- Total mine production, copper in concentrate and SxEw
- Total copper consumption growth: Asia is key
What's included
This report contains:
