Copper

Chile’s position in the global copper cathode trade is weakening

The global copper cathode trade

Chile has maintained its first position in the global market of copper upstream product, such as copper cathodes over the past 10 years, and has accounted for a share of 30%. But despite the greater prosperity of the copper trade, the global growth rate of Chile’s export share decreased.

Chile, Japan, and Russia are among the main copper cathode exporters in the world. These 3 countries accounted for about 43% of these upstream copper products in the global total export market on average, over the past 10 years.

November 16, 2022 Copper

Global crisis of copper market during Russia-Ukraine conflict

The impact of Russia-Ukraine conflict on the global copper market

Russia, as one of LME copper supplier, plays a key role in the supply of European copper, and the sanctions imposed after Russia-Ukraine conflict and the lack of purchase from Russia’s producers have faced Europe with a copper deficit and the copper price increased to over $10,000/t over the period.

The geopolitical tensions between Russia and Ukraine, followed by growth of the US interest rates and other central banks due to the higher global inflation, increasing the copper price at a certain point. The surge in fuel price led to a growth in transportation cost and other production costs, which also had an effect on the higher price of commodities, including copper.

August 14, 2022 Copper

The growing demand for enamelled wire along with the fall in its trade

Global trade of enamelled wire

Germany, China, and Italy are among the main exporters of enamelled wire in the world. On the other hand, with the exports reduction over the recent years, the US has started to import higher volume and hit a peak compared to other countries in 2021, which could be due to its growing demand.

July 23, 2022 Copper

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Chile’s position in the global copper cathode trade is weakening

Global crisis of copper market during Russia-Ukraine conflict

The growing demand for enamelled wire along with the fall in its trade

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