This Market Intelligence Report focuses on the copper marketplace in the United States from a supply chain sourcing perspective. The copper report explores production of the metal with activities ranging from refining, smelting to produce “primary” copper, recovering of copper from scrap (“secondary market”), and producing copper plate, sheet, foil, extrusions or other rolled and drawn shapes. Primarily a concentrated and mature industry, copper has a consolidating supplier base and is growing at a low rate. The copper category has a commoditized product and serves primarily industrial, commercial and consumer markets. For copper, demand of the base commodity have been greatly impacted by the slowing global economy, ongoing labor disputes, merger activity and oversupply. Primary drivers include falling demand in public and residential construction, and automotive development. Key costs around the copper category include material costs, electricity, freight and direct labor. The major trends in the copper industry include falling prices after the metal reached record levels in the past two years and plummeting demand in core customer markets, among others. Import activity in this sector is high and is exhibiting a neutral trend. Regulatory considerations include potential tariff exposure and rising concerns about environmental laws limiting carbon emissions. The risk outlook for the copper industry is steady based on the macroeconomic environment. Category management best practices around the copper industry include strategic sourcing practices, green initiatives and international market dynamic advantages.
Starting with detailed background information to provide category context, this report provides insight into the market drivers around demand and key costs, including both historical and forecasted commodity pricing. The supply base section covers the top suppliers, including high-level overviews and market news. The report presents the NAICS category cost structure and historical, current and future pricing curves as well as average margins on a current and 5 year basis. The trend section reports new and emerging industry directions. Regulatory considerations include tariff and taxation issues and developing governmental initiatives. Risk outlooks offer a view into upstream drivers that could adversely affect the industry and category. Insights and Best Practices share winning strategies around the management and sourcing of this category.