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ICEX Commodity Profile – Copper
Copper, also known as Cu, is one of the oldest elements. It is
reddish with a bright metallic lustre colored solid. Copper occurs
naturally in the Earth’s crust in a variety of forms. It can be found in
sulfide deposits, carbonate deposits, in silicate deposits and as pure
“Native” copper. From these, copper is obtained by smelting, leaching,
and electrolysis. 80% of copper cathodes outputs are refined from the
sulfide concentrate, though the copper content is only 2-3%.
Economic importance
- Copper is ductile, corrosion resistant, malleable and an excellent
conductor of heat and electricity.
- It is very durable metal.
- It has major applications in electrical and construction industries.
Global Scenario
Chile remains by far the largest mine producer of copper in the world.
However, China is the biggest producer of refined copper in the world
closely followed by Chile. Other major copper producing countries are
Peru, Australia, Indonesia, Russia, China, Canada, Zambia and Poland. In
terms of consumption, Asia consumes over half of the world copper. China
is the single largest consumer with about 25% of the total global
demand.
Domestic Scenario
India accounts for 3 percent of the global copper output. The annual
production of copper is approx. 708,000 tons in 2008. India is largely
dependent in import of raw material to manufacture copper and involved
in importing copper ores and extracts copper out of them. However, small
quantities of copper that are produced in India are extracted from the
copper mines situated at Khetri and Malanjkhand in the country. |
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