Commodity Market Report

Global copper strategic planning outlook - Q1 2022

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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.

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:

  • Global copper supply and primary demand
  • Stock days of consumption and price
  • Project sanctioning
  • Global metal balances & LME copper price (2022$)
  • Global supply/demand balance global summary (kt)
  • Price scenarios US$/t (real 2022$)
  • Price scenarios
  • Total copper consumption by industry sector 2000-2040
  • Regional refined copper consumption 2000-2040
  • Total copper consumption by property 2000-2040
  • Total copper semis production 2000-2040
  • Changes in refined copper consumption by region
  • 36 more item(s)...

What's included

This report contains:

  • Document

    Global copper strategic planning outlook - Q1 2022

    PDF 1.76 MB