|
|
|
|
|
|
| |
| 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. |
|
|
|
|
|
|
|
|