VIDEO: Where is the copper surplus?

While some see the copper market in a large surplus next year, others are predicting a tightening of available material and a return to prices above $8,000 per tonne.

{BrightcoveVideo}

While some see the copper market in a large surplus next year, others are predicting a tightening of available material and a return to prices above $8,000 per tonne.

Wiktor Bielski, global head of commodities research at VTB Capital, talks to Metal Bulletin’s Alex Harrison about his predictions for the year to come.

Alex Harrison
aharrison@metalbulletin.com
Twitter: @alexharrison_mb

What to read next
Century Aluminum is among those selected to start award negotiations for up to $500 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding to build a new aluminium smelter, the company said on Monday March 25
Participants in the copper concentrates market are struggling to comprehend an “unstoppable” decline in treatment and refinement charges (TC/RCs), with every week bringing spot deals at fresh lows and rumors each “crazier” than the last, sources have told Fastmarkets
The US Department of Energy selected five base metals projects to receive more than $900 million in federal investment from its Industrial Demonstration Program (IDP), leading to a reduction of four million tonnes of carbon dioxide emissions annually, according to a statement by the Department on Monday March 25
Aluminium producer and recycler Constellium announced on Tuesday March 12 that the company is moving to test hydrogen utilization at an industrial scale as a power source in its casthouses
Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its MB-ALU-0010 alumina inferred index, fob Brazil, which were published incorrectly on Monday March 18.
The publication of Fastmarkets’ US base metals prices were published early during the week of March 11-15 following the daylight saving time change in the US on March 10.