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What’s the key takeaway from this quarter’s report?
Copper's fundamentals are set to tighten sharply over the next couple of years. The anticipated rise in prices should encourage producers to commit to projects that will fill the expected supply gap.
Get our latest long-term outlook for all your questions on copper market fundamentals to 2040
- Understand how end-use sectors and macroeconomic activity could influence our forecasts
- Map out the impact of China's scrap policies
- Identify how developments in mine supply will influence price.
This report includes 61 charts and tables, including this one, which tracks historical supply and demand changes and forecasts future balances out to 2030. Scroll down for the full table of contents.
Report summary
Table of contents
- Overview
- China
- North America
- Latin America
- Europe
- Japan
- Asia (excluding China & Japan)
- Russia & the Caspian
- Rest of world
-
Trends in consumption of secondary copper
- Scrap definition
- Scrapping rates
- Scrap usage
- Scrap consumption
- Scrap outlook
- Principal uses of copper
-
Copper mine project changes since Q4 2018
- Base Case
- Probable
- Possible
- Copper smelter/refinery project changes since Q4 2018
- Disruptions
-
Regional mine production capability
- Summary
- Latin America and the Caribbean
- Asia (excl. China)
- North America
- Oceania
- Africa
- Europe
- China
- Middle East
- Russia and the Caspian
- Requirement for new mine capacity
-
Regional smelter production capability
- Summary
- Africa
- Asia (excl. China)
- China
- Latin America & Caribbean
- Europe
- North America
- Middle East
- Oceania
- Russia and the Caspian
-
Regional refinery production capability
- Summary
- China
- Asia (excluding China)
- Europe
- Africa
- Latin America & Caribbean
- North America
- Middle East
- Oceania
- Russia and the Caspian
- Changes to the market outlook since Q4 2018
Tables and charts
This report includes 61 images and tables including:
- Manufacturing activity in all of the world's major economies starts to dip
- Regional refined copper consumption, 2000 - 2040 kt Cu
- Total copper consumption by property, 2000 - 2040 kt Cu
- Regional refined copper consumption - kt
- Contributions to Chinese total copper consumption growth from end use sectors
- China copper consumption breakdown
- China end-use copper demand (excl semis trade), 2010-2040 (kt)
- 2018 China end-use copper demand (excl semis trade)
- Chinese refined copper consumption - kt
- North American refined copper consumption - kt
- Latin America refined copper consumption - kt
- Sentiment suggests a slowdown in the main sectors of the European economy
- Europe refined copper consumption - kt
- Imports of wire and cable in Japan
- Japan refined copper consumption - kt
- Copper consumption per capita for selective Asian economies (2018 to 2040)
- Asia (excluding China & Japan) refined copper consumption – kt
- Russia & the Caspian refined copper consumption - kt
- Middle East refined copper consumption - kt
- Other refined copper consumption - kt
- Indexed copper consumption growth - (2010=100)
- Average annual global refined copper consumption - kt
- Total copper consumption by industry sector, 2000 - 2040 kt Cu
- Total copper semis production, 2000 - 2040 kt Cu
- Disruptions Summary (copper in concentrate plus SxEw cathode)
- Monthly total exchange stocks and prices
- Global metal balances & LME copper price (2019$)
- LME copper prices
- Global copper scrap consumption, 2000-2030 kt Cu
- Base case regional copper mine production capability - kt Cu
- Latin America & Caribbean copper mine production capability - kt Cu
- Asia (excl. China) copper mine production capability - kt Cu
- North America copper mine production capability - kt Cu
- Oceania copper mine production capability - kt Cu
- Africa copper mine production capability - kt Cu
- Europe copper mine production capability - kt Cu
- China copper mine production capability - kt Cu
- Middle East copper mine production capability - kt Cu
- Russia and the Caspian mine production capability - kt Cu
- Incremental Cu market demand and base case, probable and possible Cu project production (kt Cu)
- Global market demand for mine output
- Copper smelter production capability (kt Cu)
- Africa copper smelter production capability - kt Cu
- Asia (excl. China) copper smelter production capability - kt
- China copper smelter production capability - kt Cu
- Latin America and the Caribbean copper smelter production - kt Cu
- Europe copper smelter production capability - kt Cu
- North America copper smelter production capability - kt Cu
- Middle East copper smelter production capability - kt Cu
- Oceania copper smelter production capability - kt Cu
- Russia and the Caspian copper smelter production capability - kt Cu
- Regional copper refinery production capability - kt Cu
- China copper refinery production capability - kt Cu
- Asia (excl. China) copper refinery production capability - kt Cu
- Europe copper refinery production capability - kt Cu
- Africa copper refinery production capability - kt Cu
- Latin America and the Caribbean copper refinery production capability - kt Cu
- North America copper refinery production capability - kt Cu
- Middle East copper refinery production capability - kt Cu
- Oceania copper refinery production capability - kt Cu
- Russia and the Caspian copper refinery production capability - kt Cu
What's included
This report contains:
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