Refined Copper Production to Show Negative Growth in China, Forecasts BMI RESEARCH in Its Report Available at MarketPublishers.com04 Jul 2016 • by Natalie Aster
LONDON – Globally, prices for copper reached the bottom in January 2016. However, they are expected to stabilise later this year since supply glut will be eroded by production cuts carried out by market players.
Average copper prices are forecast to be around USD 4,900 per tonne in 2016 and may become higher in the upcoming years.
Global output will be slightly over 23 million tonnes in 2016, and it may hit the 25.3 million mark by 2020, growing by 2% on average.
Copper prices are expected to rise to USD 5,500 per tonne by 2020 in the wake of market tightening.
In China, production of refined copper is set to grow at a -1% CAGR in 2016. Local production is likely to be slightly under 8 million tonnes in the same year, and it may reach 9 million tonnes by 2020.
Topical research report “Global Copper Metals Report Q3 2016” drawn up by BMI RESEARCH offers an insightful analysis of the global copper marketplace. The study starts with a detailed discussion of supply, demand and prices. It covers current market trends and sheds light on trade trends.
The report delves deep into mine supply dynamics and covers key projects. The research study forecast future production trends and contains price projections. It investigates competition in this space and profiles such companies as Codelco, Glencore, Grupo México, and more. Expected changes in supply and demand are also explored in the research report.
Reasons to buy:
- keep abreast of the most recent changes in the global copper marketplace;
- discover latest tendencies in terms of supply and demand;
- find out valuable data on pricing;
- get access to profiles of major companies;
- learn how the marketplace is forecast to develop in the offing.
More studies by this publisher are available at BMI RESEARCH page.