Commodity Market Report
Global copper strategic planning outlook - Q1 2024
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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’s demand prospects over the long term remain bright and will intensify on the back of decarbonisation as well as the forces of industrialisation, urbanisation and population growth. To meet the future demand requirements, the next generation of copper mines needs to be incentivised now if the market is to deliver sufficient supply to close the theoretical supply gap that is set to emerge over the next decade. Given the long lead times required to bring on mines, some of this supply may be met by the higher use of scrap.
Table of contents
- Long-term outlook
- Medium-term outlook
- Main risks around our base case copper market outlook
- Scenario analysis
- Overview
- Changes since the last quarter
- China
- Europe
- North America
- Latin America
- Asia ex-China
- Rest of world
- 5 more item(s)...
Tables and charts
This report includes the following images and tables:
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Project sanctioningGlobal copper supply and primary demandStock days of consumption and price
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Global metal balances & LME copper price (2024$)Global supply/demand balance global summary (kt)Price scenarios US$/t (real 2024$)Price scenariosRegional refined copper consumption 2000-2050Total copper consumption by property 2000-2050Total copper semis production 2000-2050End-use copper demand from vehiclesTotal copper consumption by industry sector 2000-2050
- 38 more item(s)...
What's included
This report contains:
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