Commodity Market Report
Global copper long-term outlook Q3 2020
Report summary
There is no country in the world that has been left untouched by the pandemic or its effects. The impact of this global pandemic continues and will be felt across the copper value chain well beyond the next few years. Over the next four years, prices will remain subdued as output from new projects hit the market, the pace of supply growth will outstrip that of demand. Nevertheless, the market still requires additional capacity to close the supply gap that is set to emerge over the long-term.
Table of contents
- Long Term Prices
- Main risks around our base case copper market outlook
- Scenario analysis
-
The role of scrap in the long-term evolution of the copper market
- Scrap and how it enters the copper value chain
- Sources of scrap supply
- Scrap policy today impacting on the long-term future supply of copper
- Overview
- Changes since the last quarter
- China
- Europe
- North America
- Latin America
- Japan, South Korea, and Taiwan
- ASEAN and India
- Russia & the Caspian
- Rest of world
-
Trends in consumption of secondary copper
- China scrap policy
- Global scrap outlook
-
Supply changes
- Mine projects
- Base Case
- Probable
- Possible
- Mine Disruptions
-
Regional mine production capability
- Summary
- Africa
- Asia (excluding China)
- China
- Europe
- Latin America and the Caribbean
- Middle East
- North America
- Oceania
- Russia and the Caspian
-
Regional smelter production capability
- Summary
- Africa
- Asia (excluding China)
- China
- Near-term smelter projects
- Smelters recently in production
- Europe
- Latin America & Caribbean
- Middle East
- North America
- Oceania
- Russia and the Caspian
-
Regional refinery production capability
- Summary
- Africa
- Asia (excluding China)
- China
- Europe
- Latin America & Caribbean
- Middle East
- North America
- Oceania
- Russia and the Caspian
Tables and charts
This report includes 51 images and tables including:
- Price scenarios
- Base case and high and low price scenarios
- Regional refined copper consumption 2000-2040
- Total copper consumption by property 2000-2040
- Changes in refined copper consumption by region
- Regional refined copper consumption - kt
- China's power generation and grid investment
- China copper consumption breakdown
- Key sectors of the European economy recover from the lows
- Mexican share of regional refined consumption to rise
- IPs of Japan, South Korea and Taiwan
- IPs of Thailand, Malaysia, Vietnam and India
- Indexed Copper Consumption Growth - 2005-2040
- Total copper consumption by industry sector 2000-2040
- Total copper semis production 2000-2040
- Copper scrap is a vital part of demand and supply
- Scrap use at smelters, refineries and semis plants (copper contained)
- Global copper refinery production from secondary materials (kt Cu)
- Global copper smelter production from secondary material and resmelted blister (kt Cu)
- New standards for renewable copper material
- New standards for renewable brass material
- Global copper scrap consumption, 2000-2030 kt Cu
- Disruptions summary (copper in concentrate and SxEw cathode)
- Regional copper mine production - kt Cu
- Africa copper mine production - kt Cu
- Asia (excl. China) copper mine production - kt Cu
- Europe copper mine production - kt Cu
- Latin America and the Caribbean copper mine production - kt Cu
- North America copper mine production - kt Cu
- Oceania copper mine production - kt Cu
- Russia and the Caspian copper mine production - kt Cu
- Copper smelter production capability (kt Cu)
- Africa copper smelter production - kt Cu
- Asia (excl. China) copper smelter production - kt Cu
- China copper smelter production - kt Cu
- Europe copper smelter production capability - kt Cu
- Latin America and the Caribbean copper smelter production - kt Cu
- Middle East copper smelter production capability - kt Cu
- North America 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
- Africa copper refinery production capability - kt Cu
- Asia (excl. China) copper refinery production capability - kt Cu
- China copper refinery production capability - kt Cu
- Europe copper refinery production capability - kt Cu
- Latin America and the Caribbean copper refinery production capability - kt Cu
- Middle East copper refinery production capability - kt Cu
- North America 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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