Copper - five things to look for in this year

摘要

As we start 2019, the copper market is faced with the prospects of softer demand growth, given the macro economic outlook, constrained mine supply growth, ongoing disruptions at smelters, additional uncertainty around changes to Chinese policies towards copper scrap imports and low visible exchange stocks. All of these factors will no doubt lead to another year of volatile prices. However, in the absence of a major economic downturn, copper's supportive fundamentals should keep prices skewed to the upside.