Market Survey on Copper - Indian Bureau of Mines

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efined copper in 2025 is 40 million tonnes which is more than the world’s consumption of 31 million tonnes calculated on the basis of CAGR of 3.2%. On the basis of positive CAGR of 1.78% in Africa, consumption of refined copper in 2025 has been arrived at 0.15 million tonnes. The consumption in Asia seems to be on higher side and hence is not accepted for long term forecasting, and the forecast made on the basis on 3.2% CAGR which comes to 31 million tonnes has been accepted. Table -4.9: Comparison of Estimated World Refined Consumption of Copper, 2011 to 2025 Year World Total Consumption (As per CAGR-3.20%) (000’tonnes) Total Consumption estimated on the basis of Area wise CAGRs* 2011 20066.4 20353.9 2012 20708.5 21349.4 2013 21371.2 22437.4 2014 22055.1 23625.1 2015 22760.8 24920.3 2016 23489.1 26331.6 2017 24240.7 27868.0 2018 25016.4 29539.5 2019 25816.9 31356.7 2020 26643.0 33331.3 2021 27495.6 35476.0 2022 28375.5 37804.4 2023 29283.5 40331.2 2024 30220.6 43072.3 2025 31187.7 46045.2 *As given in Table-2 World-3.20%, Europe (-) 0.13%, Africa 1.78%, Asia 8.18%, America (-)3.28%, Oceania(-)5.04% 86
Chapter 5. Prices Copper metal is traded in the forms of copper cathodes, copper anodes, blister copper wire bars, wire rods, cement copper and scrap. Copper ores and concentrates are also traded in the market. Copper scrap is traded in the forms like heavy scrap, utensil scrap etc. as per the norms laid down by ISRI. The norms of ISRI are given in Annexure: 3 - III. The copper alloys such as brass, bronze and other alloys are also traded in the form of articles and artifacts. There are many factors which affect the prices of copper amongst which purity of copper, and percentages of deleterious constituents are very important. Another important factor which influences the prices of copper is economic growth of the major consuming countries such as China, USA, Japan, Germany etc. and growth and development in the infrastructure, real estate, telecom and electrical industries. The demand and supply position of copper is another factor which decides the trend in copper prices. Transportation cost, export and import duties also have influence on copper prices. Copper as any other merchandise, is traded between producers and consumers. Producers sell their present and future production to buyers. Copper is traded in two ways. One of the very important ways of trading copper is the settlement price for the present day which is known as 'Spot Price' and the other way of trading is settlement of price for future days. The commodity exchanges play an important role in the trading of copper. These exchanges facilitate to make a transparent settlement of prices. There are many international commodity exchanges where copper is traded. Among them the London Metal Exchange (LME) is the most important. In the exchanges prices are settled by bid and offer. These prices reflect the perception of demand and supply of copper on a particular day. The London Metal Exchange is the most important exchange. In LME copper is traded in lots of 25 tonnes and the prices are quoted in US dollars per tonne. The exchanges also provide facilities to trade in future contracts. The future contract defines the size of lot quality of the product, delivery dates and other important details of the trading process. Copper is also traded directly between the manufacturer and the consumer of copper. Consumers directly place their requirements to manufacturers and the price is negotiated between the two parties. 5.1 DOMESTIC MARKET PRICES: Copper is also traded in the domestic markets. There are two major markets of copper on domestic front namely Delhi and Mumbai. The prices in both these markets are quoted in Rupees per quintal and the grades are named as wire rod, wire bar, cathode etc. scrap is traded as wire scrap and utensil scrap. The prices of all grades of copper for last ten years in the domestic market are given in Table: 5.1. The average monthly prices of Copper Wire, Rods and Wire Bars (BME) and average monthly prices of copper Heavy Utensils Scrap (BME) are given at Annexure:5-I and Annexure: 5-II respectively. 87
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GOVERNM G MENT OF IN NDIA MINISTRRY
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PREFACE The present report on <stro
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List of Annexures Annexure:3- I Lis
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List of Figures Page No. Figure 2.1
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Chapter 1. Introduction The <strong
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Figure : 2.1 - Propperties of Coopp
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Building & Construction n 5% Transp
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The end-use of copper is determined
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a) Heat Exchangers and Condensers C
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There are good reasons why the cons
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Class & type ASTM Design -ations Ta
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2.3 SPECIFICATIONS The specificatio
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Chapter 3. Supply Copper is an impo
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State/District Jharkhand Reserve Re
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State/District Reserve Remaining Re
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Sl. No. Table: 3.3- Statewise Resou
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State District Deposit Name Dhadkid
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State District Deposit Name Chandma
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mineralisation. Copper ore is found
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Beneficiation of copper ore depends
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B) Concentration (Froth Flotation)
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of frother molecule leads to its ad
Page 51 and 52: 3.2.2 Smelting Copper is extracted
Page 53 and 54: a) low capital and operating cost b
Page 55 and 56: a large extent by volatisation of t
Page 57 and 58: indicated is a very slow process an
Page 59 and 60: eaction is identical to that in ele
Page 61 and 62: ii) Malanjkhand Copper Project The
Page 63 and 64: silver, selenium, tellurium, nickel
Page 65 and 66: ladle crane to the Pierce Smith Con
Page 67 and 68: Complex), Jharkhand (Indian Copper
Page 69 and 70: Presently, the concentrator situate
Page 71 and 72: Out of these 5 plants, no plant is
Page 75 and 76: In addition to this there are some
Page 77 and 78: International Copper Association Lt
Page 79 and 80: Chapter 4. Foreign Market</
Page 81 and 82: Thousands Tonnes Russia 5% Poland 4
Page 83 and 84: Thousands Tonnes Thousands Tonnes F
Page 85 and 86: Table: 4.1- Top 10 Copper Mines by
Page 87 and 88: India’s trade with Australia is m
Page 89 and 90: The exports of refined copper were
Page 91 and 92: East Iran and Lar in Zahedan locali
Page 93 and 94: eserves of the order of 4.23 millio
Page 95 and 96: smelter production of copper is ste
Page 97 and 98: copper which was only 105 thousand
Page 99 and 100: As it will be seen from the Table-4
Page 101: Table -4.8: Estimated Region wise W
Page 106 and 107: Table: 5.3 - London Metal Exchange
Page 108 and 109: 10000 Figure : 5.2 - Month Wise LME
Page 110 and 111: y the State Government in the Minin
Page 112 and 113: The consumption given in above tabl
Page 114 and 115: Table-6.3: Internal Apparent Demand
Page 116 and 117: electrification will result in an i
Page 118 and 119: consumption in General Engineering
Page 120 and 121: The HCL has planned a number of gre
Page 122 and 123: In earlier chapter it has already b
Page 124 and 125: ased on imported concentrates. Indi
Page 126 and 127: Annexure: 3 - I LIST OF THE UNITS R
Page 128 and 129: Sl. No. NAME OF THE UNIT CAPACITY (
Page 130 and 131: Annexure: 3 - II LIST OF THE UNITS
Page 132 and 133: Sl. NAME OF THE UNIT CAPACITY WASTE
Page 138 and 139: Sl. NAME OF THE UNIT CAPACITY No. (
Page 144 and 145: Sl. No. XII TAMIL NADU NAME OF THE
Page 146 and 147: Concld… Sl. NAME OF THE UNIT CAPA
Page 148 and 149: Concld…. COBRA No.2 Copper Wire N
Page 150 and 151: Annexure: 3 - IV (B) Exports of Cop
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Annexure: 4 - II World Mine Product
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Sl. No. Annexure: 4 - IV World Prod
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140
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Sl. No. Annexure: 4 - VI World Impo
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Sl. No. Annexure: 4 - VIII India’
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Annexure: 4 - X India’s Exports o
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Sl. No. Annexure: 4 - XIII India’
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Annexure: 4 - XV Worldwide List of
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Company Name Operations Countries F
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Company Name Operations Countries N
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Worldwide List of Countries Produci
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Country Operations Companies Laos K
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Annexure: 4 - XVII Worldwide List o
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Mine Name Country Owners Guelb Mogh
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Mine Name Country Owners Nkana Zamb
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Worldwide List of Copper Smelter &
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Sl.No. Country Company Location 3.
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Concld…. Sl.No. Country Company L
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Production and expansions 1993 and
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2020. In the meantime the mill will
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The Dalam Diatreme (DD) forms the f
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Open-pit mining The Ujina and Huinq
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All ore is now treated in the lower
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unoff and seepage, and from the low
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Concentration and separation involv
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single pit: today the working area
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One of the first of the recent seri
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Annexure: 5 - I Average Monthly Pri
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