Commodity Market Report
Copper outlook - Q4 2021
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Report summary
The near to medium-term outlook for the copper market will continue to be overshadowed by the Covid-19 pandemic. The most significant impact on the market will likely be ongoing supply chain disruption, as has been the case over the past couple of years. 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, additional capacity is required to satisfy demand from the Energy Transition over the medium to long-term.
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