Over the short to medium term, the copper market is expected to remain in surplus, with the pace of supply growth set to outstrip that of demand, pushing surpluses to a peak in 2017 and prices are expected to trade lower. Thereafter, as the pace of supply growth slows relative to demand and as accumulated inventories are drawn down and consumed, prices will recover to reach our forecast long-term incentive level of $7716/t ($3.50/lb) in constant 2015$ by 2021.
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Global copper long-term outlook Q2 2015 PDF - 651.68 KB 45 Pages, 42 Tables, 12 Figures
As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.
This Copper Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.
Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.
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Commodity market report | Jun 2015
Global copper long-term outlook Q2 2015
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