Commodity market report

Global copper long-term outlook Q2 2015

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Report summary

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.

What's included

This report contains

  • Document

    Copper Tables Q2 2015.pdf

    PDF 1.77 MB

  • Document

    Slide pack copper LTO Q2 2015.pdf

    PDF 865.81 KB

  • Document

    Demand main changes copper LTO Q2 2015.xls

    XLS 148.00 KB

  • Document

    Demand analysis copper LTO Q2 2015.xls

    XLS 956.50 KB

  • Document

    Supply main changes copper LTO Q2 2015.xls

    XLS 100.50 KB

  • Document

    Production rankings copper LTO Q2 2015.xls

    XLS 63.00 KB

  • Document

    Equity Production copper LTO Q2 2015.xls

    XLS 8.97 MB

  • Document

    Mine analysis copper LTO Q2 2015.xls

    XLS 2.49 MB

  • Document

    Smelter analysis copper LTO Q2 2015.xls

    XLS 1.43 MB

  • Document

    Refinery analysis copper LTO Q2 2015.xls

    XLS 1.15 MB

  • Document

    Market balance and prices copper LTO Q2 2015.xls

    XLS 437.50 KB

  • Document

    Global copper long-term outlook Q2 2015

    PDF 651.68 KB

  • Document

    Global copper long-term outlook Q2 2015

    ZIP 6.70 MB

  • Document

    Executive summary

    PDF 82.63 KB

  • Document

    Demand

    PDF 253.79 KB

  • Document

    Supply

    PDF 287.57 KB

  • Document

    Supply-demand balances

    PDF 118.04 KB

Table of contents

  • Executive summary
  • Demand
  • Supply
  • Supply-demand balances

Tables and charts

This report includes 54 images and tables including:

Images

  • Regional refined copper consumption, 2000 - 2035 kt Cu
  • Total copper consumption by property, 2000 - 2035 kt Cu
  • Monthly total exchange stocks and prices
  • Investment by the Chinese Grid
  • Global metal balances & LME copper price (2015$)
  • LME copper prices
  • Indexed copper consumption growth - (2005=100)
  • Average annual global refined copper consumption - kt
  • Total copper consumption by industry sector, 2000 - 2035 kt Cu
  • Total copper semis production, 2000 - 2035 kt Cu
  • Global market demand for mine output
  • Global copper scrap consumption, 2000-2035 kt Cu

Tables

  • Regional refined copper consumption – kt
  • Disruptions Summary (copper in concentrate plus SxEw cathode)
  • Chinese refined copper consumption - kt
  • North American refined copper consumption – kt
  • Latin America refined copper consumption - kt
  • Europe refined copper consumption - kt
  • Japan refined copper consumption – kt
  • Asia (excluding China & Japan) refined copper consumption – kt
  • Russia & the Caspian refined copper consumption - kt
  • Demand: Table 9
  • Other refined copper consumption - kt
  • 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 highly probable, probable and possible Cu project production (kt Cu)
  • 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 & Caribbean copper smelter production capability - 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

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