Copper Outlook

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Expert copper market insights

Our quarterly copper outlook is published in our Quarterly Metals Report, which covers base, precious and ferrous metals. The impact of supply and demand fundamentals, including LME and SHFE stocks and macroeconomic implications for the copper futures and spot prices are analysed. Our research team produce a copper price range forecast as part of the report.

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Copper Outlook – Q2 2023

Copper prices have come down from the highs of $9,500/t seen at the start of the year and while pessimism is subsiding, markets remain cautious and are waiting on the sidelines, in a wait-and-see mode. While Peru’s government says that most of the roadblocks are now over, mines are struggling with transporting copper concentrate onto seaports to be shipped and sold, and we will continue to watch out for exports out of the region. Momentum should improve closer to the end of the quarter, thanks to continued recovery from the infrastructure segment...

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