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    Copper

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    mrnikku
    Global copper production totaled $90.2 billion in revenue in 2010. Production from the world's top 11 copper mining companies fell 8.1% in the first quarter of 2011 compared to the same period in 2010, due to declining ore grades, aging mines, and rising costs. While copper demand is expected to continue growing due to construction and renewable energy projects, production may fall as low as 15.7 million metric tons in 2011 according to some forecasts, as new capacity from the US and Australia will not come online until later.

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    Copper

    Uploaded by

    mrnikku
    42 views2 pages
    Global copper production totaled $90.2 billion in revenue in 2010. Production from the world's top 11 copper mining companies fell 8.1% in the first quarter of 2011 compared to the same period in 2010, due to declining ore grades, aging mines, and rising costs. While copper demand is expected to continue growing due to construction and renewable energy projects, production may fall as low as 15.7 million metric tons in 2011 according to some forecasts, as new capacity from the US and Australia will not come online until later.

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    Global copper production totaled $90.2 billion in revenue in 2010. Production from the world's top 11 copper mining companies fell 8.1% in the first quarter of 2011 compared to the same period in 2010, due to declining ore grades, aging mines, and rising costs. While copper demand is expected to continue growing due to construction and renewable energy projects, production may fall as low as 15.7 million metric tons in 2011 according to some forecasts, as new capacity from the US and Australia will not come online until later.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    42 views2 pages

    Copper

    Uploaded by

    mrnikku
    Global copper production totaled $90.2 billion in revenue in 2010. Production from the world's top 11 copper mining companies fell 8.1% in the first quarter of 2011 compared to the same period in 2010, due to declining ore grades, aging mines, and rising costs. While copper demand is expected to continue growing due to construction and renewable energy projects, production may fall as low as 15.7 million metric tons in 2011 according to some forecasts, as new capacity from the US and Australia will not come online until later.

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    Research and Markets: The Global Copper Production Industry Had Total Revenue of $90.

    2 Billion In 2010 says Latest Study http://finance.yahoo.com/news/Research-and-Markets-The-bw-380743208.html? x=0&.v=1 FACTBOX-Global copper production down 8 pct in Q1 A drop in copper output for 2011 is not surprising, given the well-known problems of declining ore grades, aging mines and rising costs. Following is a list of production totals from 11 of the world's biggest mining companies: Name Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Pct change Freeport 337,020 337,470 382,380 368,320 349,720 -5.0 pct BHP Billition 229,100 291,100 291,200 302,300 273,600 -9.5 pct Xstrata 222,970 211,180 233,650 245,700 209,935 -14.6 pct Rio Tinto 165,300 167,900 159,700 185,200 141,400 -23.7 pct Anglo American Plc 160,800 154,700 153,400 154,400 138,800 -10.1 pct Southern Copper 109,240 113,540 125,190 130,550 124,190 -4.9 pct Antofagasta 117,700 135,200 140,700 127,500 129,800 1.8 pct Norilsk 97,000 94,700 91,300 89,140 94,000 5.5 pct Grupo Mexico 158,850 166,890 177,970 184,270 167,100 -9.3 pct First Quantum 85,060 85,400 76,630 75,600 74,900 -0.9 pct KGHM 129,000 139,000 137,000 142,000 140,000 -1.4 pct Totals 1,812,040 1,897,080 1,969,120 2,004,980 1,843,445 -8.1 pct Some useful information: Global copper mine production could fall as low as 15.7 million metric tons in 2011 Barclays Copper demand driven by end-use industries construction, consumer goods and telecoms. Renewable sources of energy are expected to stimulate the demand for copper products during the next two decades. Biomass, wind energy and geothermal, the three most common forms of renewable energy make vast use of copper products. Building & Construction accounts for the largest copper demand. However, in terms of highest growth potential, the market for Consumer & General Products is forecast to surge ahead at the fastest CAGR through 2015. The largest producer of copper is Chile accounting for more than 30% of global production followed by other major producers such as Peru and United States.

    In particular, growing markets for copper include multimedia, digital graphics, high speed Internet, biomass, wind energy and geothermal energy. World copper production will rise in the next two years with new copper production capacity coming on-stream in the US and Australia. This will result in a surplus which is likely to put pressure on prices in 2013. The copper industry is being challenged by rising prices, which has increased the substitution (e.g. fiber optics telecom cable, plastics in plumbing industry) rate of copper by alternative products. China is the largest copper consumer in the world. Europe is the other significant copper market worldwide, backed by demand from Germany, Italy and other Eastern European countries. The potential of copper application in electric/battery-powered cars has not yet been fully tapped. Growth in this segment appears high, especially for battery rechargers.

    Global copper production could fall sharply in 2011 - May 25, 2011 http://www.commodityonline.com/futures-trading/market-report/Global-copperproduction-could-fall-sharply-in-2011-22505.html

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