2013 Annual Report on Copper Market

Content

Introduction 1
1. Macro overview 1
1.1 International macro overview 1
1.1.1 Review of QE in US 1
1.1. 2 US announces intention to quit QE 1
1.1.3 EU economies continue to struggle 2
1.1.4 Uncertainty around Japanese quantitative easing and consumption tax increase 2
1.1.5 Consistency of strong US dollar uncertain 2
1.2 Chinese domestic macro-economic overview 3
1.2.1 Chinese economic growth flat 3
1.2.2 Reform deepens, economic growth fluctuates slightly in 2014 3
2. Copper market review in 2013 4
2.1 Copper prices in London and Shanghai range widely, falling overall 4
2.2 Global copper ore supply rises but prices down 7
2.2.1 Copper concentrate TC/RC in 2014 up by over 10% 7
2.2.2 Chinese supply of copper ore still tight as imports surge 8
3. Global output analysis 10
3.1 Global copper output 10
3.1.1 Global copper concentrate output up 10
3.1.2 Global copper output up by 5% in 2013 11
3.2 Chinese copper output 11
3.2.1 Chinese copper concentrate output in 2013 up by 3% YOY 11
3.2.2 Chinese copper output in 2013 up by 14% YOY 13
3.2.3 Chinese production of copper products 15
4 Import and export data 19
4.1 Chinese imports of copper ore in 2013 up by 29% YOY 19
4.2 Chinese imports of copper scraps in 2013 down by 10% YOY 21
4.3 Chinese copper imports in 2013 down by 6% 25
4.4 Chinese imports of copper products in 2013 down by 3% YOY 27
5. Downstream consumption 28
5.1 Global copper consumption 29
5.1.1 Global refined copper consumption 29
5.1.2 Overseas copper consumption structure 29
5.2 Refined copper consumption in China 30
5.2.1 Consumption structure of refined copper in China 30
5.2.2 Refined copper consuming areas in China 31
5.2.3 Refined copper consumption volumes in China 32
5.3 Major copper consumption industries in China 32
5.3.1 Electric cable production 32
5.3.2 Refrigerator output 33
5.3.3 Air-conditioning output 34
5.4.4 Automobile output 34
6. Market outlook for 2014 34
6.1 Outlook for macro-economy 34
6.1.1 US to wind down QE gradually 34
6.1.2 China’s economy recovers slowly 35
6.2 Fundamentals analysis 35
1.Basic attributes of copper 35
1.1 Natural qualities of copper 35
1.2 Main applications of copper 36
1.3 Classification of copper 36
1.4 Classification and distribution of copper ore 37
2. Reserves and distribution features of copper in the world 39
2.1 Distribution of copper in the world 39
2.2 Copper resources in China 39
2.3 Distribution of copper in China 39

.Asian Metal Copyright1 Electric cable production 32 5Asian Metal Copyright