Search metals commodity reports

Identify opportunities and mined materials value chains from exploration and product transformation to end-use consumption.

Featured reports

Discover the insight you need to make better strategic decisions.

  • Commodity market report

    Global aluminium long-term outlook Q2 2017

    • 22 June 2017

    Revised global demand outlook and modest nearby output growth (for now) points to a balanced aluminium market over the next few years.

    $6,750.00

    Summary

    The aluminium metal market service long term outlook (LTO) is published quarterly and provides a detailed forecast of aluminium supply and demand fundamentals out to 2035. Our assessment of market fundamentals points to a global market balance that is close to balanced over the next few years. We now expect a market surplus of just 400 kt in 2017 followed by a balanced-to-slight deficit market over the 2018-2020 period. The main drivers of this outlook are an upward revision to demand growth in world ex-China coupled with some output restraint in China on the back of possible curbs on unauthorised new capacity and pollution related cutbacks. However, the market will continue to carry a high level of inventory with stocks in terms of days of consumption still running well above our long term trend of 70 days.

    What's included

    • Document

      Slide pack aluminium LTO Q2 2017.pdf

      PDF 1.91 MB

    • Document

      Demand main changes aluminium LTO Q2 2017.xls

      XLS 279.50 KB

    • Document

      Demand analysis aluminium LTO Q2 2017.xls

      XLS 888.50 KB

    • Document

      Supply main changes aluminium LTO Q2 2017.xls

      XLS 593.00 KB

    • Document

      Production rankings aluminium LTO Q2 2017.xls

      XLS 474.00 KB

    • Document

      Smelter analysis aluminium LTO Q2 2017.xls

      XLS 943.00 KB

    • Document

      Refinery analysis aluminium LTO Q2 2017.xls

      XLS 677.00 KB

    • Document

      Mine analysis aluminium LTO Q2 2017.xls

      XLS 451.00 KB

    • Document

      Market balance and prices aluminium LTO Q2 2017.xls

      XLS 273.50 KB

    • Document

      Aluminium Tables Q2 2017.pdf

      PDF 1.17 MB

    • Document

      Global aluminium long-term outlook Q2 2017

      ZIP 4.04 MB

  • Commodity market report

    Global zinc long-term outlook Q2 2017

    • 22 June 2017

    The zinc price is forecast to regain momentum in the second half of the year when zinc stocks are forecast to fall to critically low levels

    $6,750.00

    Summary

    The Global Zinc Metal Market Long-term Outlook provides the latest update of detailed supply and demand analysis and price forecasts for the zinc market out to 2035. In the near to medium term the critical issue for the market is the timing of the return to full production of major zinc mines owned by Glencore. In medium to long term, the key issue is whether the zinc mining industry will be able to develop sufficient new mine capacity to offset scheduled mine closures and the incremental increase in global demand.

    What's included

    • Document

      Slide Pack Zinc LTO Q2 2017.pdf

      PDF 2.37 MB

    • Document

      Zinc tables LTO Q2 2017.pdf

      PDF 2.02 MB

    • Document

      Demand main changes zinc LTO Q2 2017.xls

      XLS 244.50 KB

    • Document

      Demand analysis zinc LTO Q2 2017.xls

      XLS 1.45 MB

    • Document

      Production rankings zinc LTO Q2 2017.xls

      XLS 156.50 KB

    • Document

      Equity Production zinc LTO Q2 2017.xls

      XLS 7.86 MB

    • Document

      Supply main changes zinc LTO Q2 2017.xls

      XLS 207.00 KB

    • Document

      Mine analysis zinc LTO Q2 2017.xls

      XLS 2.39 MB

    • Document

      Smelter analysis zinc LTO Q2 2017.xls

      XLS 3.20 MB

    • Document

      Market balance and prices zinc LTO Q2 2017.xls

      XLS 615.00 KB

    • Document

      Global zinc long-term outlook Q2 2017

      ZIP 7.59 MB

  • Commodity market report

    Global copper long-term outlook Q2 2017

    • 22 June 2017

    Largely balanced market expected near term, before emerging supply deficits set the scene for higher prices early in the next decade.

    $6,750.00

    Summary

    The copper metal market service long term outlook (LTO) is published quarterly and provides a detailed forecast of copper supply and demand fundamentals out to 2035. Global mine supply has been at the forefront of market discussions in recent months with mine output (after disruptions) set to shrink for the first time since 2011 this year. In terms of the refined market, however, the impact will be limited by a forecast draw down in raw material inventories as well as higher scrap consumption. Beyond 2020, there will be a period of consistent supply deficits and with metal inventories being eroded well below equilibrium levels of 65 days, there will be a strong recovery in prices. This will provide sufficient confidence to encourage new supply to the market. Once new supply starts to reach the market, surpluses should emerge with prices reversing their upward trend and falling to our forecast long-term incentive price by 2026.

    What's included

    • Document

      LTO Slidepack Copper Q2 2017.pdf

      PDF 1.34 MB

    • Document

      Copper Tables Q2 2017.pdf

      PDF 1.82 MB

    • Document

      Copper LTO Document Tables Q2 2017.xls

      XLS 1.73 MB

    • Document

      Demand main changes copper LTO Q2 2017.xls

      XLS 162.50 KB

    • Document

      Demand analysis copper LTO Q2 2017.xls

      XLS 935.00 KB

    • Document

      Supply main changes copper LTO Q2 2017.xls

      XLS 137.00 KB

    • Document

      Production rankings copper LTO Q2 2017.xls

      XLS 75.50 KB

    • Document

      Equity Production copper LTO Q2 2017.xls

      XLS 9.69 MB

    • Document

      Mine analysis copper LTO Q2 2017.xls

      XLS 2.65 MB

    • Document

      Smelter analysis copper LTO Q2 2017.xls

      XLS 1.48 MB

    • Document

      Refinery analysis copper LTO Q2 2017.xls

      XLS 1.23 MB

    • Document

      Market balance and prices copper LTO Q2 2017.xls

      XLS 465.00 KB

    • Document

      Global copper long-term outlook Q2 2017

      ZIP 7.17 MB

  • Commodity market report

    Global lead short-term outlook August 2017

    • 31 August 2017

    Lead crept forward slightly, left behind on price by other base metals, despite deepening supply worries as peak metal demand approaches.

    $1,350.00

    Summary

    Lead proved to be a laggard during August finishing up 3.3% at $2373/t, barely gaining value and being left behind by the other base metals. Mostly trading in a narrow range, it did manage a one-day flirtation with an eight-month price high, but this lasted just one day. The trigger for this price spike was the UN sanctions again North Korea cutting lead concentrate supplies to China in a time when the latter is desperate for supply. Worries also persist over global refined metal supply with exchange stocks falling further and supply of lead scrap tightening even more as peak demand season approaches.

    What's included

    • Document

      Data tables lead STO August 2017.xls

      XLS 293.00 KB

    • Document

      Global lead short-term outlook August 2017

      PDF 504.36 KB

    • Document

      Global lead short-term outlook August 2017

      ZIP 638.40 KB