Commodity Market Report
Global copper short-term outlook June 2022
Report summary
The past couple of months has seen significant volatility in the copper price and across the commodities complex. Energy prices have continued to push higher while most industrial metals have fallen. Instability has prevailed across these markets, initially as a result of the war in Ukraine and the impact on demand in China due to Covid-19 restrictions, but more recently amid growing recessionary fears in the rest of the world. However, visible inventories are low while persistent supply disruptions should provide some support to prices, particularly if shorts are forced to cover their positions.
Table of contents
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Supply-demand balances
- Asia ex-China
- South Korea
- India
- Europe
- Poland
- Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Smelter production developments
- Mine production developments
- Mine project developments
- Corporate activity
Tables and charts
This report includes 24 images and tables including:
- LME 3-month prices - highs and lows (US$/t)
- Managed money CFTC positions
- Managed money LME positions
- Commodity price changes since the start of 2022
- Commodity price changes since their peaks in 2022
- Price forecasts and world quarterly supply-demand balance (kt)
- Inflation hit a nearly 14-year high in May 2022
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- 2022 Planned maintenance for Chinese smelters
- Monthly global imports of copper scrap and electronic scrap (gross weight kt)
- Blister market RC
- Monthly reported Chilean copper production
- Monthly reported Peruvian copper production
- Global mine production - breakdown by product type (kt copper in concentrate and leach output)
- Global copper refined consumption (kt)
- Global copper mine production (kt copper in concentrate and leach output)
- Global copper smelter production (kt)
- Global copper refined production (kt)
- Copper stocks
- Copper prices and premia
- Copper supply-demand balance global summary (kt)
What's included
This report contains:
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