COPPER INDUSTRY:

Copper is a significant contributor to the global economy. Copper is more than just a mined metal; it also creates jobs and raises living standards. One tonne of copper can power 40 cars, 60,000 mobile phones, 400 computers, and provide electricity to 30 dwellings. Copper has a significant role to play in addressing major societal challenges. Contributions to food security, infrastructure, CO2 reduction, and sustainable development are among them. Employees, communities, and governments are all involved in the copper industry’s efforts to overcome the issues of providing important minerals to society. Members of the International Copper Association and those involved in the copper value chain are aware of their obligations to the environment and the communities in which they operate. Because of its high electrical and thermal conductivity, it is widely employed in the construction of various structures, solar energy transmission, high-speed data transmission lines, alloy materials or telecommunication devices, and nuclear waste or superconductor storage. It’s also utilised as a wood preservative, bacteriostatic chemical, and fungicide, in addition to its technological applications. It is commonly utilised to build cables and pipelines due to its malleable and soft physical properties in soft state.

COPPER PRODUCTS MARKET:

The Global Copper Products Market is estimated to develop at a CAGR of 0.8 percent during the forecast period. The expansion of urbanisation has elevated consumer lifestyles, resulting in a shift in customer demand for copper items in architecture, such as plumbing, wall cladding, and roofs. Furthermore, the rise of the copper & copper made products market is projected to be supplemented by the replication of green buildings. When compared to aluminium wire terminations, the use of copper wire in power transformers lowered the risk of failure. Copper is also soft, electrically conducting, and readily fractures, making non-mechanical connections like soldering with minimal expansion impossible. Under the category of electrical and electronic devices, it has resulted in the largest revenue from transformers. Every year, the demand for metal alternatives increases. Copper is a metal that has been used for decades and continues to lead the global metal market.

INDIAN COPPER INDUSTRY:

A decade ago, the Indian Copper Sector consisted of a single state-owned enterprise; presently, India’s copper industry accounts for around 3% of the global copper market. The Indian copper industry is estimated to be at 4 lakh tonnes, or 3% of the global copper market. Due to an increase in production by three companies, India is transitioning from a net importer of copper to a net exporter. Copper consumption is predicted to remain high due to a growing trend in the construction and vehicle industries. Analyzing the Indian Copper Business and comparing it to the worldwide copper industry, with a focus on the metal’s basic features. Understanding the copper technologies used in copper production, exploration, mining, and applications, as well as the worldwide industrial structure, will have an impact on copper mining’s environmental impact, as well as the various copper markets. 

GLOBAL MARKET OUTLOOK:

The global copper industry is expanding at a rate of 1.7 percent each year. Building construction spending is predicted to rise, which will increase the usage of copper wire, tube, and other mill products in applications including building wire and plumbing. As updates to national power grids drive the production of wire and cable, increased infrastructure investment, particularly in developing countries, will benefit copper producers even more. Furthermore, improvements in global manufacturing output are predicted to increase the usage of copper metal in transportation equipment, industrial gear, household appliances, and other long-lasting goods. Copper mining can be classified by the method employed, such as underground mining and open-pit mining, with open-pit mining being the most popular due to advantages such as high production rates, cheaper costs, operational flexibility, and relatively safe methods. China is responsible for roughly half of worldwide copper consumption, whereas Chile is responsible for one-fifth of global copper supplies. Copper’s strong conductivity aids in the efficient use of energy, as well as the enhancement of product quality and reduced fuel use. 

TOP PLAYERS WORLDWIDE:

• Hindustan Copper Ltd
• Codelco
• Bhagyanagar India Ltd.(BIL)
• BHP
• Arcotech Limited
• Freeport-McMoRan
• Alcobex Metals Ltd.
• Glencore
• Baroda Extrusion Ltd.
• Southern Copper