Commodity Market Report
Global copper short-term outlook November 2022
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Copper prices have been swayed both up and down by a combination of factors this month; movement in the US dollar, erratic news flow out of China surrounding any relaxation or not of the country’s zero-Covid policies, persistent supply side issues and the uncertain macro-economic outlook given rising inflation and interest rates. Over the remainder of this year, we expect prices to remain volatile amid the uncertainty around the macroeconomic outlook and monetary policy decisions, given the better inflation readings that have emerged of late.
Table of contents
-
Supply-demand balances
- China
- North America
- United States
- Asia ex-China
- Japan, South Korea and Taiwan
- Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- 6 more item(s)...
Tables and charts
This report includes the following images and tables:
- LME prices - highs, lows and monthly average ($/t)
- LME copper prices vs trade weighted dollar index
- Managed money CFTC positions
- Cash to 3-month spread and LME stocks - total and on warrant
- Cancelled Warrants as % of LME Stocks
- Price forecasts and world quarterly supply-demand balance (kt)
- Vehicle production growth in South Korea
- 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
- 12 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
Corporate resilience to a tariff-induced downturn
Our Corporate and Mining experts discuss the implications of President Trump's tariff policy and the market reaction.
$1,050
Insight
LNG Tool Key Changes - Q1 2025 refresh
A data refresh of LNG demand and LNG shipping costs to align with our Global gas Strategic Planning Outlook.
$1,050
Insight
Global oil supply short-term update - May 2025
Weakening demand outlook and OPEC+ easing of production cuts puts pressure on prices
$1,350
