Commodity Market Report
Global copper short-term outlook September 2021
Report summary
The volatility in the copper price that emerged during August has continued into September, albeit driven by different factors. As we approach the final quarter of the year, mine supply growth is expected to accelerate which could weigh on prices. The pace of demand meanwhile is expected slow compared to the first half of the year. However, the upcoming COP 26 will see a renewed focus on copper and its role in the energy transition. It will also highlight the challenges to meet an anticipated rise in demand, which could yet reignite investor interest and underscore volatility in the market moving forward.
Table of contents
-
Market developments
- China
- North America
- Europe
-
Concentrate markets
- China concentrate markets
- Other smelter news
- Blister/anode and scrap markets
- Production news
- Project development
- Corporate activity
Tables and charts
This report includes 22 images and tables including:
- LME cash price and 3-month spread ($/t)
- Chinese monthy cathode imports (kt)
- Monthly changes in regional exchange stocks (kt)
- Chinese monthly scrap imports (gross weight kt)
- LME copper prices vs trade weighted dollar index
- Price forecasts and world quarterly supply-demand balance (kt)
- Concentrate market TCRCs
- Global copper-in-concentrate stock changes (kt Cu)
- US industrial production
- US housing starts and completions
- Production and shipments of copper wire rod and copper semis - kt
- Global quarterly refined copper consumption - kt
- 2021 Planned maintenance for Chinese smelters
- Blister market RC
- Global mine production - breakdown by product type (kt copper in concentrate and leach output)
- Global copper refined consumption (kt)
- Global copper mine production (kt copper in concentrate and leach output)
- Global copper smelter production (kt)
- Global copper refinery production (kt)
- Copper stocks
- Copper prices and premia
- Copper supply-demand balance global summary (kt)
What's included
This report contains:
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