What will be the key themes for copper in the year ahead? Growing economic and political uncertainty amid the slew of elections in some key copper-producing and consuming countries is one area we will be watching closely.
Crucially, the timing of any interest rate cuts as well as energy transition-related developments will determine the strength of demand, notwithstanding the uncertainties due to the ongoing conflicts in Ukraine and the Middle East.
In this report, we draw on insight from our Copper Research Suite to present some of the major considerations that will be key in the copper market for 2024. This includes:
With thanks to co-authors Bhavya Laual, Emily Brugge, Janette Tourney, Zhifei Liu, Yongcheng Zhao and Nick Pickens.