Market Survey on Copper - Indian Bureau of Mines

In earlier chapter it has already been described that there is a production of
secondary copper from scrap to a tune of 20% of the total primary production and by
adding 20% of secondary production with the primary production an apparent
production of 312 thousand tonnes was estimated in 2000-01 which reached to 639
thousand tonnes in 2009-10.
It has been presumed that this trend of 20% of secondary production will
continue till 2013-14. However, it has also been estimated that there will be increased
availability of secondary copper hence the percentage of secondary copper production
has been increased to 30% till 2018-19 and 40% till 2024-25. The same has been
given in Table-6.6. It is seen from the table that the total production of copper in
2024-25 will be 2851 thousand tonnes.
6.3 DEMAND SUPPLY ANALYSIS
The future demand of copper is envisaged at 2.3 million tonnes in 2024-25.
This is considered keeping in view the sectoral break up of future demand which is
more realistic as compared to CAGR and projected GDP growth.
To fulfill the demand the production of copper is also projected with due
justification. The projected production of copper in 2024-25 comes to 2.8 million
tonnes. This includes the production contributed by secondary source in addition to
primary. The primary production will contribute 2.0 million tonnes whereas
secondary production will be 0.85 million tonnes. This is justifiable production which
will meet the future demand.
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