Global copper short-term outlook September 2020 Report

Commodity Market Report 30 September 2020

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

There has been little change to our fundamental outlook for copper. We maintain our view that the market is headed for a period of significant oversupply as additional tonnage from new projects and existing mines comes to market. Refined demand is set to contract sharply in 2020 before returning to growth in 2021 and 2022. However, as coronavirus related concerns re-emerge, demand prospects could yet disappoint. Tightness in scrap availability in China could yet support higher demand for refined metal in the final quarter of this year.

Market developments
- China
- India
- Europe
Concentrate markets
- China concentrate markets
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity

Tables and charts

This report includes the following images and tables:

LME cash copper price and 3-month spread ($/t)
LME copper prices vs trade weighted dollar index
Monthly changes in regional exchange stocks (kt)

Cancelled Warrants as % of LME Stocks
Price forecasts and world quarterly supply/demand balance (kt)
Concentrate market TCRCs
Global copper-in-concentrate stock changes (kt Cu)
Total scrap availability in China
IPs of end-use sectors in India
EU production in industry (aggregate), construction, manufacturing and electricity
Production and shipments of copper wire rod and copper semis - kt
Global quarterly refined copper consumption - kt
9 more item(s)...