
Canada - Copper Mattes And Cement Copper - Market Analysis, Forecast, Size, Trends And Insights
Copper Matte Price in Canada Reaches $9,370 per Ton After Two Consecutive Months of Increase
Canada Copper Matte Export Price in September 2022
In September 2022, the copper matte price stood at $9,370 per ton (FOB, Canada), picking up by 33% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In September 2022, the highest price was recorded for prices to Norway ($10,013 per ton) and Japan ($9,583 per ton), while the average price for exports to Germany ($7,757 per ton) and Bulgaria ($7,894 per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.
Canada Copper Matte Exports
In September 2022, the amount of copper mattes and cement copper exported from Canada shrank to 2.6K tons, reducing by -7.3% against the previous month's figure. Over the period under review, exports saw a perceptible setback. The pace of growth was the most pronounced in August 2022 with an increase of 70% against the previous month. The exports peaked at 3.9K tons in May 2022; however, from June 2022 to September 2022, the exports remained at a lower figure.
In value terms, copper matte exports soared to $24M (IndexBox estimates) in September 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 92% against the previous month. Over the period under review, the exports attained the maximum at 28K tons in May 2022; however, from June 2022 to September 2022, the exports remained at a lower figure.
Canada Copper Matte Exports by Country
Norway (1.7K tons) was the main destination for copper matte exports from Canada, with a 64% share of total exports. Moreover, copper matte exports to Norway exceeded the volume sent to the second major destination, Bulgaria (377 tons), fourfold. The third position in this ranking was held by Germany (308 tons), with a 12% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Norway totaled +2.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bulgaria (-17.5% per month) and Germany (-7.9% per month).
In value terms, Norway ($17M) remains the key foreign market for copper matte exports from Canada, comprising 68% of total exports. The second position in the ranking was taken by Bulgaria ($3M), with a 12% share of total exports. It was followed by Germany, with a 9.8% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to Norway stood at +2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bulgaria (-14.3% per month) and Germany (-7.0% per month).
This report provides an in-depth analysis of the copper matte market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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