Global Copper Metals Report - Business Monitor International - Industry Reports

Global Copper Metals Report

Global Copper Metals Report - Business Monitor International - Industry Reports
Global Copper Metals Report
Published Jun 18, 2016
70 pages — Published Jun 18, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: We expect copper prices to experience a mild rebound over the second half of ----, respecting the lows of the first half of the year, supported by production cuts. Our average forecast of USD-,---/tonne in ---- represents the bottom of copper s multi-year price decline, and we expect the metal to trend higher over our forecast period to ----. Short-Term Outlook (three-to-six months) We expect three-month copper prices to respect the lows of about USD-,---/tonne reached in January, as production cuts and the fading US dollar rally provide support in the coming months. While the Chinese government s crack-down on speculative trading broke copper prices out of a four month ascent in the first half of ----, we expect the metal to experience a steady recovery over the second half of the year, supported by improving fundamentals. Namely, output cuts from major producers will contribute to a more balanced global market. ...Both of these factors will delay the erosion of the global copper supply glut. As of June -, the CNY is trading at CNY-.----/USD and we expect the currency to remain weak, averaging CNY-.----/

...Globally, refined copper demand will decelerate slightly, largely due to slowing construction growth in China and subdued global economic growth. We expect global copper consumption to increase from --.-mnt in ---- to --.-mnt by ----, averaging -.- annual growth. ...This represents a notable deceleration from the -.- annual growth seen over ---------. Although we have revised upward our ---- consumption forecast from a contraction of -.- to -.- growth, due to stronger-than-expected Q--- data, we caution that China s increased usage of metals as collateral to finance deals has inflated Q--- numbers. India will be the global copper demand bright spot, supported by strong economic growth and the government s Make In India campaign which is succeeding in bolstering manufacturing sector growth. ...India will be the global copper demand bright spot, supported by strong economic growth and the government s Make In India campaign which is succeeding in bolstering manufacturing sector growth. We forecast copper consumption in India to increase at an average annual growth rate of -.- over our forecast period to ----.

...Globally, refined copper production will continue to decelerate in ---- as refiners rein in output in a weak price environment. We forecast global output to climb from --.- million tonnes (mnt) in ---- to --.-mnt by ----, averaging -.- annual growth. ...

  
Source:
Document ID
2397-5148
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Global Copper Metals Report" Jun 18, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Copper-Metals-Report-2026-1891>
  
APA:
Business Monitor International - Industry Reports. (2016). Global Copper Metals Report Jun 18, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Copper-Metals-Report-2026-1891>
  
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