To read this content please select one of the options below:

Global copper market glut will depress prices

Wednesday, January 28, 2015


Three-month copper futures stand 24% below year-earlier prices. The reasons for this slide are common to other commodities: a strong dollar, oversupply and falling demand in China, which consumes 45% of the world's copper.


  • Some copper producers in Zambia could shutter operations depending on the outcome of parliament's plan to triple mining royalites.
  • Shanghai Clearing is likely to launch a renmimbi-denominated copper premium swap, allowing hedging of warehouse receipt pledges.
  • Higher refining charges will boost margins for downstream operators, but hurt mining companies without smelters.

Related articles

Expert Briefings logo
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.