Name: Global copper short-term outlook March 2023
Brand: Wood Mackenzie
SKU: 152047
Price: 5000 USD
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Author: Wood Mackenzie

Commodity Market Report 31 March 2023

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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The rush of money that flowed into copper and the other commodities at the start of the year following China’s re-opening has been steadily wound down over the past couple of months. The change in direction is partly owed to profit-taking but also to a shift in sentiment, as the recovery in Chinese demand failed to live up to expectations following the New Year break. However, over the final trading days of March, copper prices had traded back above the US$9,000/t level. This coincided with seven consecutive days of LME stock withdrawals. Whether the price can hold above US$9,000/t and even move higher will depend on further market-driven catalysts. Much will depend on definitive signs of a rebound in the Chinese economy and across the rest of the world, and risk-on appetite from investors.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle">
        <a href="#fab24fb1-7b7c-4253-b7c7-ac0f457f37d1" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="fab24fb1-7b7c-4253-b7c7-ac0f457f37d1" aria-expanded="false">
            Supply-demand balances
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        <ul id="fab24fb1-7b7c-4253-b7c7-ac0f457f37d1" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        China
    </li>
    <li class="push-quarter--bottom">
        Semis developments underpin demand
    </li>
    <li class="push-quarter--bottom">
        Concentrate markets
    </li>
    <li class="push-quarter--bottom">
        China concentrate markets
    </li>
    <li class="push-quarter--bottom">
        Blister/anode and scrap markets
    </li>
    <li class="push-quarter--bottom">
        Smelter production developments
    </li>
    <li class="push-quarter--bottom">
        Other smelter news
    </li>
    <li class="push-quarter--bottom">
        Mine production developments
    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">LME cash prices and 3-month spread</li><li class="list__item push-quarter--bottom">Indexed LME copper prices and equities</li><li class="list__item push-quarter--bottom">Managed money CFTC positions</li>
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        <ul class="list list--bullets panel-toggle" id="69c06f3141494fde8f80f1f12061140a">
            <li class="list__item push-quarter--bottom">Copper price and stock days of consumption</li><li class="list__item push-quarter--bottom">Copper supply/demand balance (kt)</li><li class="list__item push-quarter--bottom">Price forecasts and world quarterly supply-demand balance (kt)</li><li class="list__item push-quarter--bottom">Improvement in the construction sector</li><li class="list__item push-quarter--bottom">Production and shipments of copper wire rod and copper semis - kt</li><li class="list__item push-quarter--bottom">Global quarterly refined copper consumption - kt</li><li class="list__item push-quarter--bottom">Concentrate market TCRCs</li><li class="list__item push-quarter--bottom">Global copper-in-concentrate stock changes (kt Cu)</li><li class="list__item push-quarter--bottom">2022/23 Planned maintenance for Chinese smelters</li>
                <li>12 more item(s)...</li>
        </ul>
        
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Global copper short-term outlook March 2023</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>1.06 MB</span>
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