Commodity Market Report
Global copper long-term outlook Q4 2014
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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
Over the next few years, strong growth in supply, even after applying a 5% disruption allowance, will contribute further to global surpluses, driving metal stock days to peak by 2017, and placing downward pressure on prices. As the pace of supply growth declines from 2017, the market will drift towards a deficit and support an upward trend in quotes toward our long-term project incentive price level of $7716/t ($3.50/lb) in constant 2014$ by 2021.
Table of contents
- Executive summary
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Demand
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Overview
- Regional refined copper consumption, 2000 - 2035 kt Cu
- Total copper consumption by property, 2000 - 2035 kt Cu
- Regional refined copper consumption – kt
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China
- Chinese refined copper consumption - kt
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North America
- North American refined copper consumption – kt
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Latin America
- Latin America refined copper consumption - kt
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Europe
- Europe refined copper consumption - kt
- Japan
- Asia (excluding China & Japan)
- South Korea
- 8 more item(s)...
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Overview
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Supply
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Copper mine project changes since Q3 2014
- Base Case
- Highly Probable
- Probable
- Possible
- Copper smelter/refinery project changes since Q3 2014
- Disruptions
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Regional mine production capability
- Summary
- Latin America and the Caribbean
- Asia (excl. China)
- North America
- 12 more item(s)...
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Supply-demand balances
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Changes to the market outlook since Q3 2014
- Monthly total exchange stocks and prices
- Global metal balances & LME copper price (2014$)
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Changes to the market outlook since Q3 2014
Tables and charts
This report includes the following images and tables:
- Japan refined copper consumption – kt
- 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
- Africa copper smelter production capability - kt Cu
- Asia (excl. China) copper smelter production capability - kt
- 41 more item(s)...
What's included
This report contains:
