Global copper strategic planning outlook - Q1 2022
The near to medium-term outlook for the copper market will be overshadowed by geopolitical uncertainties and rising costs, particularly for energy. Volatility in the price will therefore remain a feature of the market as will ongoing supply chain disruption. Over the period 2023 to 2025, prices will come under pressure as supply growth outstrips that of demand as output from new projects hits the market. Nevertheless, our view of the long term is unchanged; additional capacity is required to satisfy demand from the Energy Transition.