Commodity market report
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47 Pages

Global copper long-term outlook Q4 2014


Global copper long-term outlook Q4 2014

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.

What's included?

This report includes 11 file(s)

  • Global copper long-term outlook Q4 2014 PDF - 673.65 KB 47 Pages, 42 Tables, 11 Figures
  • Slide pack copper LTO Q4 2014.pdf PDF - 1.23 MB
  • Demand main changes copper LTO Q4 2014.xls XLS - 146.00 KB
  • Demand analysis copper LTO Q4 2014.xls XLS - 1.12 MB
  • Supply main changes copper LTO Q4 2014.xls XLS - 96.00 KB
  • Production rankings copper LTO Q4 2014.xls XLS - 63.50 KB
  • Equity Production copper LTO Q4 2014.xls XLS - 9.18 MB
  • Mine analysis copper LTO Q4 2014.xls XLS - 2.41 MB
  • Smelter analysis copper LTO Q4 2014.xls XLS - 1.37 MB
  • Refinery analysis copper LTO Q4 2014.xls XLS - 1.10 MB
  • Market balance and prices copper LTO Q4 2014.xls XLS - 422.00 KB

Description

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.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
  • Demand
    • Overview
      • Regional refined copper consumption, 2000 - 2035 kt Cu
      • Total copper consumption by property, 2000 - 2035 kt Cu
      • Regional refined copper consumption – kt
    • China
      • Chinese refined copper consumption - kt
    • North America
      • North American refined copper consumption – kt
    • Latin America
      • Latin America refined copper consumption - kt
    • Europe
      • Europe refined copper consumption - kt
    • Japan
    • Asia (excluding China & Japan)
    • South Korea
    • ASEAN
      • Asia (excluding China & Japan) refined copper consumption – kt
    • Russia & the Caspian
      • Russia & the Caspian refined copper consumption - kt
    • Africa and Oceania
      • Other refined copper consumption - kt
    • Trends in consumption of secondary copper
      • Scrap definition
      • Scrapping rates
      • Scrap usage
      • Scrap consumption
      • Global copper scrap consumption, 2000-2035 kt Cu
      • Scrap outlook
    • Principal uses of copper
      • Total copper consumption by industry sector, 2000 - 2035 kt Cu
      • Total copper semis production, 2000 - 2035 kt Cu
  • Supply
    • Copper mine project changes since Q3 2014
      • Base Case
      • Highly Probable
      • Probable
      • Possible
    • Copper smelter/refinery project changes since Q3 2014
    • 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
  • Supply-demand balances
    • Changes to the market outlook since Q3 2014
      • Monthly total exchange stocks and prices
      • Global metal balances & LME copper price (2014$)

In this report there are 53 tables or charts, including:

  • Executive summary
  • Demand
    • Demand: Image 1
    • Demand: Image 2
    • Demand: Table 1
    • Demand: Table 2
    • Demand: Table 3
    • Demand: Table 4
    • Demand: Table 5
    • Japan refined copper consumption – kt
    • Demand: Table 7
    • Demand: Table 8
    • Demand: Table 9
    • Demand: Table 10
    • Indexed copper consumption growth - (2005=100)
    • Average annual global refined copper consumption - kt
    • Demand: Image 5
    • Demand: Image 6
    • Demand: Image 7
  • Supply
    • 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)
    • Global market demand for mine output
    • Supply: Table 13
    • 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
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • Supply-demand balances: Image 2
    • LME copper prices
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