Global copper short-term outlook October 2021 Report

Commodity Market Report 29 October 2021

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

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

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Commodities have witnessed higher prices over the past month, and especially those more exposed to higher energy prices. The sharp decline in LME copper stocks, as material on-warrant fell to multi-year lows, saw copper prices hit a 5-month high, before retreating by the end of the month. Raw material availability, labour shortages, logistical challenges and more recently, soaring energy prices are constraining production in copper end-use sectors, particularly in China. The ongoing saga in the Chinese property sector also continues to weigh on demand prospects. However, in North America and Europe, demand strength is being sustained with positive signs for 2022.

Market developments
- North America
- Asia ex-China
Concentrate markets
- China concentrate markets
- Other smelter news
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity