Global copper short-term outlook April 2023 Report

Commodity Market Report 28 April 2023

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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

Fear and risk aversion have been the dominant factors influencing the price of copper and the other base metals in April despite several attempts to trade higher. Worries about the overall strength of the global economy, growing concerns surrounding the health of the banking sector in the US and uninspiring Chinese demand have continued to weigh on equity markets and in turn base metals. Although copper found some strength following the release of China’s Q1 GDP growth figure, rising LME and COMEX inventories over the second half of the month have dragged prices lower.

Supply-demand balances
- Europe
- North America
- US
- Asia ex-China
- Japan
- Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- 6 more item(s)...