The copper market service short term outlook (STO) is published monthly and provides a forecast of copper supply and demand fundamentals over the next two-years. August has seen copper rally to its highest level since September 2014 as the market has benefitted from a combination of dollar weakness, declining exchange inventories, robust macro data and a rise in speculative interest in industrial commodities. In our view, however, prices have run ahead of what is currently justified by the copper market's fundamentals. Lacklustre physical premia indicate that consumers remain well covered for material and overall we expect a broadly balanced market this year.
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Global copper short-term outlook August 2017 PDF - 567.42 KB 30 Pages, 15 Tables, 6 Figures
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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 Short 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.
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Commodity market report | Aug 2017
Global copper short-term outlook August 2017
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