Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

Change font size:   

July 2018 | Base Metals

Copper: Have trade wars scuppered the copper bull market?

As copper prices finally seem to have found a floor and attempt to rebound, we take a step back in this week’s analysis to look at the long-term picture and share some of our views on whether the current trade wars are pausing copper’s bull market or ending it.

We have been asked by a number of clients about our view on how the current concerns over trade wars affect our long-term view on the copper market. We decided to share some of our views on this theme with our wider readership.

Broadly, the base metals have entered a new bull market – some might even say a new ‘supercycle’. It will run well into the 2020s. Whereas the last supercycle was driven by China’s urbanisation and industrialisation, this one is being driven by electrification, specifically the massive, synchronised support across government, industry and consumers for shifting away from the internal combustion engine (ICE) to electric vehicles (EVs)....


You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.


Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.


Already subscribed?