【出版时间及名称】：2010年3月全球铜行业研究报告
【作者】：加拿大皇家商业银行
【文件格式】：pdf
【页数】：24
【目录或简介】：
Table of Contents
Supply/Demand Exhibit 1: Refined Copper Supply/Demand Balance .........................................................3
Exhibit 2: Global Refined Copper Supply/Demand ........................................................... 3
Exhibit 3: Global Refined Copper Supply/Demand and Prices..........................................3
Production Changes Exhibit 4: Summary of Production Changes ......................................................................4
Exhibit 5: Production Increases at Existing Operations/Approved Projects.......................4
Exhibit 6: Production Increases from Potential New Projects............................................5
Exhibit 7: Production Reductions at Existing Operations ..................................................5
Current Trends Exhibit 8: Refined Copper Production (Monthly & 12-Month Moving Average) .............6
Exhibit 9: Refined Copper Production (Monthly) ..............................................................6
Exhibit 10: Refined Copper Consumption (Monthly & 12-Month Moving Average) .......6
Exhibit 11: Refined Copper Consumption (Monthly) ........................................................6
Exhibit 12: World Copper Consumption and Economic Growth .......................................7
Exhibit 13: World Copper Consumption ex-China and Economic Growth........................7
Exhibit 14: Physical Copper Premia...................................................................................7
Inventories and Price Exhibit 15: Total Refined Copper Inventories versus Real Prices......................................8
Exhibit 16: Total Refined Copper Inventory, Prices and Critical Level.............................8
Exhibit 17: Forecast Total Refined Copper Inventories and Prices....................................8
Exhibit 18: Copper Exchange Inventories and Prices.........................................................9
Exhibit 19: Total Copper Inventory and LME Prices.........................................................9
Exhibit 20: Total Copper Inventory in Weeks of Consumption and Prices........................9
Consumption Exhibit 21: Primary Copper Consumption ....................................................................... 10
Exhibit 22: Copper Consumption Patterns .......................................................................10
Exhibit 23: Global Refined Copper Consumption by Region ..........................................11
Exhibit 24: Global Refined Copper Consumption............................................................ 11
Exhibit 25: Refined Copper Consumption........................................................................11
Refined Capacity Exhibit 26: Refined Copper Capacity...............................................................................12
and Production Exhibit 27: Global Refined Copper Capacity and Production ..........................................12
Exhibit 28: Global Refined Copper Capacity Utilization .................................................12
Exhibit 29: Refined Copper Production............................................................................ 13
Exhibit 30: Total Global Refined Copper Production by Region .....................................13
Exhibit 31: 2009 Global Refined Copper Production by Region .....................................14
Exhibit 32: Copper SX-EW Production............................................................................14
Exhibit 33: Copper SX-EW/Electro Refinery Production ................................................14
Copper Costs Exhibit 34: 2010E Copper Cash Cost Curve (C1) ............................................................15
Exhibit 35: 2010E Copper Total Cost Curve (C3)............................................................15
Exhibit 36: 2010E Copper Cost Components...................................................................15
Exhibit 37: Copper Cash Cost Increases (2005 – 2009) ...................................................16
Exhibit 38: 2015E Copper Total Cost Curve (C3)............................................................16
Exhibit 39: 2015E Copper Cost Components...................................................................16
Mine Supply/ Exhibit 40: Copper Mine Output Supply/Demand Balance..............................................17
Demand Balance Exhibit 41: Copper Concentrate Balance and TCs ...........................................................17
Exhibit 42: Copper Mine Production................................................................................18
Exhibit 43: Copper Mine Supply by Region.....................................................................18
Smelter Supply/ Exhibit 44: Blister Copper Supply/Demand Balance .......................................................19
Demand Balance Exhibit 45: Blister Balance and RCs ................................................................................19
Exhibit 46: Combined TC/RC (29% grade concentrate) ..................................................19
Exhibit 47: LME Copper Prices versus TC/RC (30% grade concentrate)........................19
Appendix I: Projections for Copper Consumption......................................................20
Exhibit 48: Consumption Regressed with IP....................................................................20
Exhibit 49: Consumption Regressed Against Time..........................................................20
Exhibit 50: Long-Term Growth Rates for Consumption ..................................................20
Required Disclosures......................................................................................................21
Disclaimer........................................................................................................................24