2014-metals-outlook-copper

Australian Mining has investigated the current state of Australian metals and looks into how they will perform in the coming year. In the first of this five part series we look at Copper.

Copper has an interesting future ahead in the coming years.

Australian Mining has previously gone into detail about the future of copper, looking at it long term and how the sector will develop in the coming years.

It sits in an interesting position of being a mature industry that still has a bright production future ahead.

However growth rates are slowing, which is all part of the global shift, and in particular an Australian shift, from the ramp-up investment heavy construction phase into an era of production, just in time to utilise a predicted upswing in demand for copper.

According to IBISWorld reports industry revenue is expected to increase by 5.1 per cent to $7.8 billion in 2013-14 as increased output is offset lower Australian dollar copper prices.