The copper metal market service short term outlook (STO) is published monthly and provides a forecast of copper supply and demand fundamentals over the next two-years. Following the sell-off seen in November, copper prices have stabilised over the first half of December. With a rate rise already factored into the markets, the downside stemming from the Fed's mid-December announcement of a 0.25% rise in interest rates has been limited. News of a full shutdown at Freeport's Sierrita mine, falling exchange stocks and positive Chinese data have also helped provide a floor to prices. Demand conditions on the whole remain underwhelming and we have further trimmed our 2015 and 2016 growth forecasts for this report. It is not all doom-and-gloom, however, with China end-use data showing some signs of encouragement over recent weeks. Helped by a broader recovery in the global economy, we continue to hold our view of an acceleration in global demand growth next year.
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Global copper short-term outlook December 2015 PDF - 441.96 KB 27 Pages, 15 Tables, 3 Figures
Data tables copper STO December 2015.xls XLS - 259.00 KB
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.
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Commodity market report | Dec 2015
Global copper short-term outlook December 2015
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