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. Three-month copper prices have settled in a range of between $5500/t to $6000/t through December. This represents a softening from levels seen during November, when copper prices briefly scaled highs above $6,000/t. A stronger dollar and some profit taking have weighed on prices. Meanwhile, sizeable deliveries of metal into exchange warehouses over recent weeks have also negatively impacted sentiment. The deliveries have predominantly flowed into LME Asian warehouses, in addition to LME and Comex sheds in the United States.
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Global copper short-term outlook December 2016 PDF - 502.16 KB 28 Pages, 15 Tables, 5 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.
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Commodity market report | Dec 2016
Global copper short-term outlook December 2016
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