Analysis Of Copper�s Market And Price-Focus On The Last Decade�s Change And Its Future Trend

Abstract: it is important to analyse the major players within a copper supply chain, as well as current market dynamics, relevant international guidelines, major impacts affecting the sustainability of the whole system and policy drivers affecting its price on the global market. Focusis on understanding major and provisional factors affecting copper price on themarket,long-term copper prices are determined by the fundamentals of supply and demand. Short term however, are driven by financial market and other variables. Through analysis of the major factors and present market dynamics, global copper consumption increased since 1970, regardless of the economic slump in 2007-2009, growth is likely to continuechiefly driven by increasing demand in China and India. Since 2004 the price of copper on the global market increased drastically, its consumption was mainly concentrated in developed industrial countries. The economic situation of developed countries has a greater impact on copper prices, addition of Asian nation�s increased urbanization and industrialization. Forecasts remain progressive asAsia advance with urbanization and industrializationplans. Anticipated to account for a major growth in global copper in the next 20 years, will present a large task to double copper supply output. Urbanization and industrialization will continue to surge copper demand, projected to overcome global copper production, high demandbut lesser supply on the market.The decline of copper supply would cause a mountingdeficit in turn increase demand by 2025. Asia�s level of economic activity and urbanization is far from complete, it will be a chief source of copper demand in the decades to come.

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