Commodity Market Report
Global copper short-term outlook November 2022
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*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
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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:
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LME prices - highs, lows and monthly average ($/t)LME copper prices vs trade weighted dollar indexManaged money CFTC positions
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Cash to 3-month spread and LME stocks - total and on warrantCancelled Warrants as % of LME StocksPrice forecasts and world quarterly supply-demand balance (kt)Vehicle production growth in South KoreaProduction and shipments of copper wire rod and copper semis - ktGlobal quarterly refined copper consumption - ktConcentrate market TCRCsGlobal copper-in-concentrate stock changes (kt Cu)2022 Planned maintenance for Chinese smelters
- 12 more item(s)...
What's included
This report contains:
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