Market Survey on Copper - Indian Bureau of Mines

used in electrical industry as household wiring, winding wires, automobile
wiring as well as in many other ways.
There is an overall increase in the production of various goods namely
electric motors, fans, automobiles, wiring and winding wires, transmission
cables, refrigeration and air-conditioning plants, air conditioner, washing and
laundry machines etc. The details of compounded annual growth rates (CAGR)
of various copper consuming machines/equipments is given in Annexure:6-I.
Considering the apparent consumption as given in Table 6.2 from 2004-05 to
2008-09 a CAGR of 12.2% have been arrived and used for forecasting the
apparent consumption till 2024-25 as given in Table 6.3. The apparent
consumption during 2009-10 has not been considered as it shows a negative
growth and not representing the factual position.
1) Demand Forecast of Copper on CAGR & GDP
Electrical industry is by far the largest industry consuming copper to a
tune of 50% of the total consumption in the country. Copper is used in making
wires of different diameter to suit the requirements such as making cables,
transmission and winding wires for household as well as industrial purposes.
Production of copper has seen an unprecedented growth in recent years
because of the smelting capacity came up in private sector on the basis of
imported concentrates. In addition to this the recovery of copper from scrap is
gaining importance and contributing about 20% of the total primary production.
Therefore, on the basis of primary and secondary production of copper,
an estimated production of 639 thousand tonnes has been arrived at in 2009-10.
Although the country exports sizeable quantities of copper presently it also
imports some quantities of copper. By adding the apparent production of
copper and imports and deducting the exports, the demand of copper has been
calculated at 496 thousand tonnes in 2008-09 and 451 thousand tonnes in
2009-10. Table-6.2.
The demand of copper is increasing at a CAGR of 12.2%, calculated on
the basis of data from 2004-05 to 2008-09. This has been utilized to forecast
the demand beyond 2009-10 till 2024-25 and is given in Table-6.3. During 11 th
Plan period, Planning Commission has calculated a GDP growth of 8.2% and
for 12 th Plan period GDP growth has been estimated at 9-9.5%. Taking into
consideration the GDP growth of 9% for 12 th plan (2012-17), the demand
forecast till 2024-25 has been made, the same is given at Table-6.3.
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