Commodity Market Report

Global copper short-term outlook June 2023

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Volatility has prevailed across commodity markets amid a backdrop of growing uncertainty for both supply and demand. A lack of conviction in China’s post-pandemic recovery is set against a backdrop of a global economic slowdown which continues to intensify amid high inflation and ongoing interest hikes. At the same time, the market is watching closely to see how copper production and project delivery will fare over the balance of this year. Meanwhile, low visible inventories are lending price support, as are disruptions to supply following the rains in Chile.

Table of contents

    • China
    • North America
    • USA
    • Asia ex-China
    • India
    • Concentrate markets
    • China concentrate markets
    • Blister/anode and scrap markets
    • Smelter production developments
    • Other smelter news
    • Mine production developments
    • Other production news
    • Mine project developments
    • Corporate activity

Tables and charts

This report includes 29 images and tables including:

  • LME 3-month prices - highs and lows (US$/t)
  • LME copper prices vs trade weighted dollar index
  • Managed money - CFTC positions
  • LME stocks and forward spreads
  • SHFE, COMEX and INE stocks (kt)
  • Regional exchange stocks - monthly changes (kt)
  • Price forecasts and world quarterly supply-demand balance (kt)
  • Diverse trends in the construction sector
  • US housing sector potentially bottoming out?
  • Copper wire rod and brass mill production trends
  • India index of industrial production trends
  • PMI reflects on-going manufacturing strength
  • 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)
  • 2023 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:

  • Document

    Global copper short-term outlook June 2023

    PDF 1.21 MB