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Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
 China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the single largest consumer of base metals. According to Wood Mackenzie’s latest base metals demand forecasts, China will account for 52% of base metals demand by 2017, compared with 46% of the 96 million tonnes (Mt) global base metals market in 2013. While China’s lower GDP targets are reflected in lower demand growth for base metals on a percentage basis over the next five years versus the last half decade, the research firm says that China will maintain its dominance and the outlook for Chinese base metals demand is slower not lower.
Helen Matthews, Head of Base Metals Markets research for Wood Mackenzie says; “Our forecasts for the next five years show that across all of the base metals – aluminium, copper, lead, nickel and zinc – growth in demand will come predominately from China. Demand growth has slowed from the double digits we saw from 2008 to 2013 to single digits - ranging from five to eight percent – however, it’s important to note that in absolute tonnage terms we still see significant numbers.”
Wood Mackenzie says that the global base metals market is set to grow from 96Mt in 2013 to 122 Mt in 2018, with a huge shift set to occur in 2017; “Today, the Rest of the World, excluding China, accounts for 54% of the global base metals market however, as we’re seeing with many other commodities, China’s rampant appetite will overtake the rest of the World, growing to 52% of demand in a 117Mt market.”
Wood Mackenzie’s economic analysis points to the drivers behind this growth as Jonathan Butcher, Senior Economist for Wood Mackenzie explains; “While there are a number of factors behind growth in demand for each base metal, a key theme for China is continued urbanisation and rising domestic wealth. Wood Mackenzie’s proprietary China Activity Index tracks a number of factors, and gives us confidence that economic growth will remain strong in the short term. Looking out to 2030, we see a bright future for Chinese commodity demand. Urbanisation rates will reach 70%, compared to just under half of the population in 2013. This will have a widespread impact on the economy over the next 20 years, with electricity consumption per capita forecast to reach the same level as Korea today.”
Matthews adds; “Our analysis shows that the outlook for key demand drivers is positive, with a firm emphasis on Asia.”
Editor’s notes:
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com
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Friday, 13 December 13
HARD COAL : VOLUMES POSSIBLY AT RECORD-BREAKING HIGH; PRICES POSSIBLY AT A RECORD-BREAKING LOW - VDKI
Press Release : World Hard Coal Market 2013: volumes possibly at record-breaking high, prices possibly at a record-breaking low. German and UK impor ...
Friday, 13 December 13
DRY BULK SHIPPING TO WITNESS HEALTHY DEMAND MOVING FORWARD - ICS
The Institute of Chartered Shipbrokers Greek Branch organised its 9th Annual Forum at Eugenides Foundation, on Wednesday, 11th of December, with a r ...
Friday, 13 December 13
US PRODUCED APPROXIMATELY 18.4 MILLION SHORT TONS OF COAL W/E 7 DECEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.4 million short tons (mmst) of coal in ...
Thursday, 12 December 13
GREAT EXPECTATIONS SANCTIONED - EVA TZIMA
News that sanctions on Iranian oil exports could be lifted sometime in the following months have shaken the markets recently. One of the world&rsquo ...
Thursday, 12 December 13
DRY BULK MARKET RATES FOR CAPESIZES TO REMAIN VOLATILE SAYS BIMCO
The dry bulk market has reached multi year highs this week, as the BDI is standing at the 2,300-point mark. In its analysis of the market, BIMCO pre ...
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- Oldendorff Carriers - Singapore
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- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
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- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
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- AsiaOL BioFuels Corp., Philippines
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- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sojitz Corporation - Japan
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- Posco Energy - South Korea
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- Gujarat Electricity Regulatory Commission - India
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- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
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- Anglo American - United Kingdom
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- Global Coal Blending Company Limited - Australia
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- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
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- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
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- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
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- Leighton Contractors Pty Ltd - Australia
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- Romanian Commodities Exchange
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- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
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- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Indian Energy Exchange, India
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- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Mercuria Energy - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
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- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- Cement Manufacturers Association - India
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- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
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- Energy Link Ltd, New Zealand
- PTC India Limited - India
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- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
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- SMC Global Power, Philippines
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- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Parliament of New Zealand
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- Therma Luzon, Inc, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Eastern Energy - Thailand
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- Ind-Barath Power Infra Limited - India
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- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
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- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
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- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
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- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
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- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
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- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
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- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
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- Merrill Lynch Commodities Europe
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