Commodity Market Report
Global copper investment horizon outlook - Q3 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The near to medium-term outlook for the copper market will be aligned with the outlook of the global economy, particularly over the next couple of years. Rolling interest rate hikes are threatening to derail economic growth and consequently end-use copper demand, especially across consumer-led sectors. Over the period 2023 to 2025, prices will come under pressure as supply growth outstrips that of demand as output from new projects hits the market. Nevertheless, new projects alongside higher scrap availability are required to satisfy evolving demand requirements.
Table of contents
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Copper medium-term outlook
- Investment Horizon – Medium-term supply considerations
- Long-term outlook
- Main risks around our base case copper market outlook
- Scenario analysis
- Overview
- Changes since the last quarter
- China
- Europe
- North America
- Latin America
- Asia ex-China
- Rest of world
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Trends in consumption of secondary copper
- China scrap policy
- Global scrap outlook
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Overview and supply changes since the last quarter
- Mine projects
- Base Case
- Probable
- Possible
- Mine Disruption Allowance
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Regional mine production capability
- Summary
- Africa
- Asia (excluding China)
- China
- Europe
- Latin America and the Caribbean
- Middle East
- North America
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Tables and charts
This report includes the following images and tables:
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Surpluses emerging in the global metal market over the short termTotal copper consumption by property 2000-2032Total copper semis production 2000-2032
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Regional refined copper consumption 2000-2032Total copper consumption by industry sector 2000-2032Changes in refined copper consumption by regionRegional refined copper consumption – ktHigher grid investment during 14th five-year periodMexican share of regional refined consumption to riseRefined copper consumption forecast regional breakdown 2020-32Indexed Copper Consumption Growth - 2010-2032Quantity of projects sanctioned
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What's included
This report contains:
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