Market Survey on Copper - Indian Bureau of Mines
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Market Survey on Copper - Indian Bureau of Mines

Market Survey on Copper - Indian Bureau of Mines Market Survey on Copper - Indian Bureau of Mines

ibm.nic.in
13.02.2013 Views

4.7 FUTURE SCENARIO Copper is an important non ferrous metal used in the industries such as Electrical, telecommunications, alloys, die-casting etc. India has good capacities to produce copper metal but the production of ores and concentrates is not sufficient to cater to the demand of the refineries. India’s demand of copper ores & concentrates is mostly met with by imports India produces about 150 thousand tonnes of copper concentrates whereas imports about 2000 thousand tonnes of copper ores & concentrates. The major smelting plants such as Hindalco industries Ltd., Sterlite Industries (India) Ltd. and Jhagadia Copper Ltd. which depend upon the imported copper concentrates and scrap are not running with their full capacity. The major overseas markets from which India is importing copper ores & concentrates are Chile, Australia, Indonesia, Brazil, Peru etc. Out of these Chile has got good capacities to produce ores and concentrates followed by Indonesia, Australia, Brazil, Kazakhstan, Peru etc. The new developments in the Zambian copper mining industry are showing good prospects of revival. India may look forward to import copper ores & concentrates from Chile, Indonesia, and Zambia in the future. As regards the exports of copper metal, India exports its copper metal to Asian Countries such as Saudi Arabia, China, Malaysia, Thailand etc. If the production of copper metal in India with the help of imported copper concentrates is increased, India can extend its export destinations to some of European and African countries which are good consumers of copper metal but do not have capacities to produce the metal. The internal demand of copper in India is also increasing due to positive changes in the industrial production and economy. The growth in the infrastructure sector also has a positive effect on India's internal demand of copper. The internal demand of copper has been discussed in Demand and Supply Chapter. Keeping in view the overall growth of Indian industry the demand of copper is expected to increase in the future. World Future Scenario Beyond 2010 It has already been mentioned in the Foreign ong>Marketong>s Chapter that forecasting copper scenario in the entire world in respect of production and trade is difficult owing to fast development in respect of closing down of mines & companies and switching over, merger & acquisition of companies. The International situation is full of uncertainty. It has now become a set practice that entrepreneurs acquiring mines world-wide to feed their smelters situated in different countries. Therefore to forecast the copper demand in the world and in various regions, the basis of consumption of refined copper as reported in World Mineral Statistics have been adopted. The consumption data of refined copper from 2001-2010 has been compiled and analysed to find out rise and fall in consumption on year- to - year basis in respect of World as a whole and Europe, Africa, Asia, America and Oceania, to arrive at the CAGR based on data for 10 years. The countries included under various regions namely Europe, Africa, Asia, America and Oceania are given in Tablel-4.5. 82

As it will be seen from the Table-4.5 that, countries included under various regions are different in number and there is a vast difference in their economic conditions. Therefore by applying a CAGR of each area, it is difficult to arrive at a clear picture of refined copper consumption. Hence, the CAGR of entire world has been calculated and future world consumption has been arrived at. Table-4.5: Countries Included in Different Regions EUROPE ASIA Albania China Austria Hong Kong Belgium India Bulgaria Indonesia Czech Republic Iran Denmark Japan Finland Kazakhstan France Kuwait Germany Malaysia Greece North Korea Hungary Pakistan Ireland Philippines Italy Saudi Arabia Netherlands Singapore Norway South Korea Poland Taiwan Portugal Thailand Romania Turkey Russia Uzbekistan Serbia Vietnam Slovakia Other Asia Spain Sweden AMERICA Switzerland Argentina Ukraine Brazil United kingdom Canada Other Europe Chile Colombia AFRICA Mexico Egypt Peru South Africa U.S.A. Tunisia Venezuela Zambia Other America Zimbabwe Other Africa OCEANIA Australia New Zealand 83

As it will be seen from the Table-4.5 that, countries included under various<br />

regi<strong>on</strong>s are different in number and there is a vast difference in their ec<strong>on</strong>omic<br />

c<strong>on</strong>diti<strong>on</strong>s. Therefore by applying a CAGR <strong>of</strong> each area, it is difficult to arrive at a<br />

clear picture <strong>of</strong> refined copper c<strong>on</strong>sumpti<strong>on</strong>. Hence, the CAGR <strong>of</strong> entire world has<br />

been calculated and future world c<strong>on</strong>sumpti<strong>on</strong> has been arrived at.<br />

Table-4.5: Countries Included in Different Regi<strong>on</strong>s<br />

EUROPE ASIA<br />

Albania China<br />

Austria H<strong>on</strong>g K<strong>on</strong>g<br />

Belgium India<br />

Bulgaria Ind<strong>on</strong>esia<br />

Czech Republic Iran<br />

Denmark Japan<br />

Finland Kazakhstan<br />

France Kuwait<br />

Germany Malaysia<br />

Greece North Korea<br />

Hungary Pakistan<br />

Ireland Philippines<br />

Italy Saudi Arabia<br />

Netherlands Singapore<br />

Norway South Korea<br />

Poland Taiwan<br />

Portugal Thailand<br />

Romania Turkey<br />

Russia Uzbekistan<br />

Serbia Vietnam<br />

Slovakia Other Asia<br />

Spain<br />

Sweden AMERICA<br />

Switzerland Argentina<br />

Ukraine Brazil<br />

United kingdom Canada<br />

Other Europe Chile<br />

Colombia<br />

AFRICA Mexico<br />

Egypt Peru<br />

South Africa U.S.A.<br />

Tunisia Venezuela<br />

Zambia Other America<br />

Zimbabwe<br />

Other Africa OCEANIA<br />

Australia<br />

New Zealand<br />

83

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