Copper

Ecaterina Patilea

Conjunctura economiei mondiale / World Economic Studies, 2011

Abstract: The article presents the global copper market evolution in 2010 and prospects for 2011. It analyzes production and consumption of refined copper mining, and the development and stock quotes on the London Stock Exchange. In 2010, refined copper consumption grew faster than production, with the market moving from the surplus from 2009 to deficit. Quotations copper on the London Stock Exchange rose by 46% in 2010 compared to 2009, and inventories of copper on the same stock, which on 29 January 2010 stood after seven years at the highest level of 543.525 tonnes - were cut by the end with over 30%. Copper demand is expected to continue to grow in 2011 and 2012,while the deficit will increase substantially in 2011 and although it will collapse, it will continue in 2012. Prices are forecast at between 7900-9300 dollars/ton. China has an important role in market developments, because it holds the majority in production and consumption.

Keywords: steel; world market; production; consumption; trade; prices (search for similar items in EconPapers)
JEL-codes: F10 O1 Q0 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2011:id:2822000009575007

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