The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Copper prices will continue to underperform due to a cooling demand outlook in China and
persistent oversupply in the coming quarters. As such, we have lowered our 2016 and 2017 price forecasts
to USD4,750/tonne and USD4,900/tonne, respectively.
? We have revised down our copper price forecast to USD4,750/tonne from USD4,900/tonne in 2016 and
to USD4,950/tonne from USD5,000/tonne in 2017, as strong production growth in H116 exacerbates the
oversupply. We expect copper prices to rise only marginally to USD5,400/tonne by 2020, as the global
market gradually tightens, in line with our broader view for metal prices to stabilise rather than stage a