Copper CASE STUDY Flashcards
Copper
- This is a globally traded non-ferrous metal
- It is the third most traded metal in the world and is a very importnatn metal that gives value for use in a number of industries.
Sources of Copper
- Copper ores are found primarily in igneous rocks as hydrothermal deposits but also sedimentary rocks.
- Copper mines are only developed where there is more than 5KG of copper per tonne of rock, but should be near to 2% of the total mass to establish a proven reserve.
- Copper is found in three main mineral ores Bornite, Chalcopyrite and Malachite, currently Chalcopyrite is the most common, accounting for 50% of production.
- Small amounts are found in the ground as pure copper.
- Around 1.6 billion tonnes is accessible for mining on Earths lands and around 0.7 is available in deep sea nodules.
Distribution of Copper reserves and resources
- South America has the largest measured and undiscovered copper resorces, the worlds largest igneous deposits are mined in this region.
- The andean region of south america is the worlds most productive region, producing aroun 45% of the worlds copper by 2007.
- CHILE is by far the largest producing country, in 2015 producing 5.750 million tonnes of the mineral and 31% of global supply.
- North America also has resverves in Arizona, Utah and New Mexico, producing 1.250 million tonnes in 2015.
- Poland has the largest sedimentary deposit in the world, in 2006 it was the 10th largest prodcuer.
- China is the worlds second largest producer at around 1.750 million tonnes in 2015 but the worlds largest consumer.
End use of Copper
Metals derive their usage from their physical properties and coppers most importnat proporties make it popular for a range of uses.
- Ductile, so capable of being drawn into wire.
- A better conductor of heat and electricity than any other metal.
- Corrosion resistant.
- Biostatic, doesnt sustain bacterial growth, so can be used to keep drinking water safe.
- Decorative
The average UK home has around 180KG of copper for electrical wirring, plumbing.
END USE COPPER - Electricity
Due to the reliablity and efficiency of copper conductivity its main uses are in the elecricity supply industry and products. Ductile nature means it can be drawn into thin wires and can be used in power stations and substations for electrical motors, generators and communcation devices.
END USE COPPER - Hygiene
Antibacterial qualitities that will slow down bacterial growth such as E.Coli, this is important for hospitals, plumbing systems and food preperation.
END USE COPPER - Water and other liquid vessels and pipework
Copper is corrosion resistant and can be joined easily be smoldering, its ductile and can eb shaped easult and withstands high temperatures. It is therefore useful for pipeworl, disttiling industries and brewing.
END USE COPPER - Chemical and agriculture
Copper is used in pigments, pesticides and fungicides.
END USE COPPER - Alloys
Copper can be combined with other metals to make alloys, the best know are brass and bronze, this are harder and stronger than pure copper and can be used effectively in industrial application.
Components of demand for copper - Equipment industry
This includes a range of capital equipment used in industry such as gears, bearings, tanks, pressure vessels and pipes. It is used in heat exchange equipemnt, power cables, transformers and other electrical equipment.
Drives consumer eletrical appliances.
The copper industry accounts for 20% of GDP in Chile – a major contributor to the country’s economy.
Components of demand for copper - Construction industry
It is used in producing plumbing components such as taps, valves, pipes, fire sprinkler systems and other fittings in buildings.
30% of global demand in 2015
Components of demand for copper - Infastructure and communciation
Critical part of wirse and cables used in the telecommunciations industry, semi conductor industry is a major copper consumer.
Components of demand for copper - Transport
Copper contriubutes to several applications in the railway industry and in other forms of transportation. It is used for motors, brakes and bearings.
Role of copper in global commerce
- Copper is traded internationally in various forms of raw materials, concentrates and semi finished products and scrap. Copper is 100 percent recyclable, around 40% of global demand is met through recycled copper.
- Most copper traded each year is in the form of refined copper, around 8 million tonnes of refined copper was exported from countries such as chile, japan and china in 2015. USA, Germany and CHina importing the most.
- Global demand is much lower than global production, China and Japan are the largest importers of copper ores and refined copper.
- Japan is the largest expoerter of indirect copper through the sale of products such as electrical appliances and motor vehicles.
- Copper prices generally determine whether copper is produced, copper prices have been on a downward trajectory since 2014.
Copper role in global industry
- Copper is used in almost every industry, construction, transport, electricity.
- Copper-related industries can be a major contributor to a countrys economy, for example in 2013 the copper inustry accounted for 20% of GDP in Chile.
- Industries are expanding as counteis develop, so demand increases, decrease in supply would therefore massively damage countries industry.