Market Survey on Copper - Indian Bureau of Mines
Market Survey on Copper - Indian Bureau of Mines
Market Survey on Copper - Indian Bureau of Mines
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The HCL has plans to outsource the 25 milli<strong>on</strong> t<strong>on</strong>ne Banwas deposits in<br />
Rajasthan for ore extracti<strong>on</strong> to Byrnecut Mining <strong>of</strong> Australia <strong>on</strong> a risk-sharing<br />
model. HCL is opt for a joint venture to re-commissi<strong>on</strong> the Chapri Sideshwar<br />
mine in Jharkhand with 80 milli<strong>on</strong> t<strong>on</strong>ne resources.<br />
3. Producti<strong>on</strong> <strong>of</strong> <strong>Copper</strong> Cathodes<br />
As already menti<strong>on</strong>ed that there is <strong>on</strong>ly <strong>on</strong>e integrated producer <strong>of</strong><br />
copper cathodes in the country namely HCL. However, other producers<br />
namely, Sterlite Industries (India) Ltd. and Hindalco Industries Ltd. produce<br />
copper cathodes from imported copper c<strong>on</strong>centrates. There is <strong>on</strong>e more<br />
producer <strong>of</strong> copper cathode namely Jhagadia copper which produces copper<br />
cathodes from Scrap and also uses about 15% <strong>of</strong> copper c<strong>on</strong>centrates. The<br />
share <strong>of</strong> HCL in total cathode producti<strong>on</strong> is very small at about 9% <strong>on</strong>ly. The<br />
major c<strong>on</strong>tributi<strong>on</strong> comes from Hindalco Industries Ltd.’s Birla <strong>Copper</strong> at 64%<br />
and Sterlite Industries at 26%. Jaghadia’s c<strong>on</strong>tributi<strong>on</strong> is <strong>on</strong>ly 1% in total<br />
cathode producti<strong>on</strong>.<br />
The producti<strong>on</strong> <strong>of</strong> copper cathode in the country during 2000-01 was<br />
259 thousand t<strong>on</strong>nes <strong>on</strong>ly, however, with the ec<strong>on</strong>omic liberalizati<strong>on</strong> and<br />
emergence <strong>of</strong> private players there has been unprecedented increase in the<br />
producti<strong>on</strong> <strong>of</strong> copper cathodes. The producti<strong>on</strong> <strong>of</strong> copper cathode reached to<br />
2036 thousand t<strong>on</strong>nes in 2024-25. On the basis <strong>of</strong> yearly increase in the<br />
producti<strong>on</strong> <strong>of</strong> cathodes from 2000-01 to 2009-10 an impressive CAGR <strong>of</strong><br />
9.35% has been calculated and the same has been utilized to forecast the<br />
producti<strong>on</strong> <strong>of</strong> cathode till 2025, the same has been given in Table -6.6.<br />
Table-6.6: Estimated Producti<strong>on</strong> <strong>of</strong> <strong>Copper</strong> Metal, 2009-10 to 2024-25<br />
by applying CAGR 9.35% and Apparent Producti<strong>on</strong> <strong>Copper</strong><br />
(In ’000 t<strong>on</strong>nes)<br />
Year Producti<strong>on</strong> <strong>Copper</strong><br />
cathode<br />
(9.35%)CAGR<br />
Estimated<br />
Producti<strong>on</strong><br />
2009-10 533 639<br />
2010-11 582 699<br />
2011-12 637 765<br />
2012-13 697 836<br />
2013-14 762 914<br />
2014-15 833 1083<br />
2015-16 911 1184<br />
2016-17 996 1295<br />
2017-18 1089 1416<br />
2018-19 1191 1548<br />
2019-20 1302 1823<br />
2020-21 1424 1994<br />
2021-22 1557 2180<br />
2022-23 1703 2384<br />
2023-24 1862 2607<br />
2024-25 2036 2851<br />
105<br />
Remarks<br />
By adding 20%<br />
sec<strong>on</strong>dary<br />
producti<strong>on</strong><br />
By adding 30%<br />
sec<strong>on</strong>dary<br />
producti<strong>on</strong><br />
By adding 40%<br />
sec<strong>on</strong>dary<br />
producti<strong>on</strong>