Wood mackenzie copper outlook pdf

According to wood mackenzie, nmc batteries could potentially dominate by 2030 70% of ev batteriessee figure 2 on page 25. Andrew stonkus, senior vice president, marketing and logistics. Copper to the world international market trends department for. Base metals outlook drivers on the supply and demand side february 2012 jim lennon. Copper forms copper intensity we mine for progress. A very positive outlook for copper, with growing societal challenges, and continuing dominance of latin america in the copper supply market. Strategic decisionmaking in natural resources and commodities is multifaceted, with long lead times. Brook hunt, a wood mackenzie company global copper consumption end use in 2011 % sector construction 32 electrical products 33 industrial machinery transport consumer products 9 source. Cochilco and wood mackenzie 1st quartile 2nd quartile 3rd quartile chile peru usa australia. Gold and silver revenues include deferred revenue and cash payments applicable to precious metals stream sales. Get our latest longterm outlook for all your questions on copper market fundamentals to 2040. Wood mackenzie, worldsteel, imf, macquarie research, april 2015 0 4 8 12 16 20 0 4 8 12 16 20 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015f 2020f kg per capita kg per capita copper consumption per capita china india us japan korea germany 0 200 400 600 800 1200 1400 0 200 400 600 800 1200 1400. Wood mackenzie analysis of value creation in mining sector.

Copper market and industry outlook juan carlos guajardo b. Temporary fallback sets stage for next move higher copper prices are expected to grind higher over the next halfdecade and our outlook sees steady supply shortfalls in each of the coming five years that grow larger as the mine supply pipeline continues to empty. Global copper demand growth in 2019 has been weaker than expected, reflecting a. Outstanding discovery of high grade nickel coppercobaltpges at mt alexander drilling continues to expand the footprint of mineralisation. Australia hosts the worlds second largest edr of copper. Development in emerging countries and the use of new technologies will continue to push. Wood mackenzie cash costs are calculated per pound of payable copper whereas hudbay reported cash costs are calculated per pound of copper contained in concentrate. The spread sheet effect sowing the seeds for higher copper prices tomorrow. Chuquicamata underground is a project over a 40 year mine life. Copper market news copper forecasts copper mining news. Brook hunt, a wood mackenzie company, december 2010 long term outlook we expect a cagr of approx. Prices primed for one last push before new mines quell rally. International copper association, the electric vehicle market and copper demand dated june 2017.

According to a report presented by wood mackenzie, a research. Wood mackenzie global zinc longterm outlook q2 2015 pdf 7 27 22 17 12 7 2 zinc million tonnes zinc supply and demand. As replacement production from global refined copper rises, the need for producers to find cost effective ways to develop copper porphyry deposits is becoming increasingly important. Bank of montreal, metals and bulk commodity outlook presentation, march 2019.

Global copper demand continues to grow and chinese demand will be the decisive factor global copper demand in million t source. Company data, credit suisse estimates, thomson reuters source. Wood mackenzie global stocks of refined copper and annual average copper price 0 50 100 150 200 250 300 350 400 450 0 10 20 30 40 50 60 70 80 90 100 copperpriceclb globalmetalstocksdays other stocks srb stocks price q1 2017 estimate. Global copper longterm outlook q3 2019 wood mackenzie. A downgraded global demand outlook now points to a finely balanced copper market for 2019. Global mega trends and key markets for copper copper alliance.

For example, brownfield projects in south america with depleting heap leach production but with an underlying sulphide deposit represent an opportunity to integrate concentrate leaching with. Evaluate global trends, market fundamentals and potential disruption in the value chain with exclusive copper market outlook reports. Global copper longterm outlook q4 2019 report wood mackenzie. The broker highlights a tendency for copper to trade sideways for a period before a sudden move to a new level.

Get wood mackenzie s intelligence on the long and shortterm forecasts that will impact the success of your venture with our wide range of market outlook reports spanning the natural resources and energy industries. Base metals outlook haihua shen senior portfolio manager hfz capital management limited may 28th, 2015. High cost mine supply coverage top 10% of cost curve base on c1 cost 0. Peak copper production expected to be reached mid 2022. Discover the shortterm and longterm forecasts for copper with industryleading intelligence. Copper market outlook international copper study group.

Leading the treatment of complex copper concentrates. Wood mackenzie global stocks of refined copper and annual average copper price 0 50 100 150 200 250 300 350 400 450 0 10 20 30 40 50 60 70 80 90 100 other stocks srb stocks price q1 2017 estimate source. Crus copper services include market analysis and forecasts, price assessments and cost analysis, all based on robust methodologies for a global view of the copper value chain and related commodities. Global copper longterm outlook q1 2019 wood mackenzie. Copper price reached a high in february and has since fallen back. Building a highgrade nickel sulphide inventory in western.

Base case demand based on teck copper demand model. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Wood mackenzie copper, zinc, lead and nickel global outlook 2q2018, cru precious metals outlook june 2018. Worlds leading copper producers 000 t 2018e source. Copper started off the year on a high note, posting gains throughout the first quarter and reaching a high of. Wood mackenzie copper longterm outlook q2 2015 slide pack 6 copper million tonnes copper supply and demand.

Brook hunt a wood mackenzie company cakeslab 16 wire rod 72 billet 12 product source. Base metals outlook drivers on the supply and demand side. Company data, cy basis 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2016 2017e 2020e 2020e normalized capex to offset production decline 2020e normalized capex to grow. Exchangelisted inventories, days of forward demand nickels inventory challenge. Chile is the worlds largest copper producer, with an edr of 28%. Wood mackenzie november monthly outlook for copper. Thermal coal on gross tonnage basis, not adjusted for energy content 2 bernstein, wood mackenzie, usgs annual demand growth by commodity1 copper demand 1900 to 2017 ktpa2. Empower strategic decisions with guidance from our experts.

Global copper longterm outlook q1 2018 wood mackenzie. Copper market outlook market fundamentals and chinese commodity financing deals march 2014 the goldman sachs group, inc. H2 2019, 2019f african copper production includes c. According to a wood mackenzie report from 2012 copper grades have declined at an average rate of 2. As long as the uschina trade conflict does not worsen, macquarier suspects the next move should be upwards at some point. Copper is a late stage application in the construction cycle. Hfz capital management limited estimates, wood mackenzie source. Sentiment improved on trumps proposed infrastructure plan, which would see demand for industrial metals including copper increase. Wood mackenzies q4 2018 dataset dated december 2018. The copper metal market service long term outlook lto is published quarterly and provides a detailed forecast of copper supply and demand fundamentals out to 2035. This presentation should not be relied upon as a recommendation or forecast by bhp. Despite a return to positive mine supply growth in 2020, production will be more than offset by additions to demand as new semis capacity continues to ramp up. A canadian exploration and development company focused.

Macquarie research is a division of macquarie group limited, an affiliate and parent company of macquarie capital usa inc. High demand based on combination of ica study done for long term copper demand and a yale university study done based on iea forecasts for 2ds on climate reduction goals. Copper, along with other industrial metals, surged following the us elections in november 2016. Wood mackenzie 4 mt shortfall forecast by 2025 assumes no significant supply disruptions few large advanced projects in the development pipeline schaft creek is one of them. Q4 forecast 2016 sherritt international corporation 6 nickel is used in lithiumion batteries e. Wood mackenzie 2020e cost curves calculated using the composite method applies byproduct costs when the proportion of gold net revenue is greater than 65% and applies coproduct costs when the proportion of gold net revenue is less than 65%. Mentioned copper as possible growth opportunity south32 mining companies giving up. Our market analysis brings you insights on copper market fundamentals in a global context, along with copper price forecasts for five and 25 years. Revenue for the nine months ended september 30, 2016. Hfz capital management limited estimates, wood mackenzie. Wood mackenzie, bloomberg and company disclosure 1.