Fitch Solutions Macro Research, a unit of Fitch Group, expects the global copper market will see a persistent undersupply over the coming years, as global consumption, driven by China’s power and infrastructure sectors and increasingly by rising electric vehicle production, continues to outpace supply growth. It notes in its ‘Outlook for copper demand’ report, that global refined copper demand will outpace production and maintain the market in deficit over the coming year, driven by solid demand from China’s power and infrastructure sector and rising global electric vehicle production.
