Sources, distribution and trade of copper
- A mineral is a naturally occurring inorganic solid with a crystalline structure
- Ores are concentrations of minerals in rock high enough to be economically extracted for use
- Deposits of copper are found in the Earth’s crust
- Copper was first extracted and used in around 8000 BCE
- One of the few metals that can occur naturally in a usable form
- Copper deposits are found in many regions worldwide, but significant concentrations are focused in a few areas
- The largest copper-producing countries are Chile, Peru, China, the United States, and Australia
- Chile is the world's leading copper producer, with vast reserves and numerous mining operations
- USA and Canada have significant copper deposits, with notable mines in Arizona, Utah, and British Columbia
- Asia is a significant copper producer
- Within Asia, China is the biggest producer and consumer of copper.
- The distribution of copper deposits is influenced by geological processes, tectonic activity, and the presence of specific mineralised zones
Estimated copper production, 2017 (in thousand metric tonnes)
- Copper has various characteristics which gives it many uses in industrial and domestic settings
- Conducts heat and electricity
- Malleable and ductile
- Durable
- Copper oxidises by developing a green protective layer on its surface, called patina
- This can preserve the inside of copper for thousands of years.
- Anti-Bacterial
- Recyclable
- Over 80 percent copper ever mined and manufactured is still in use today
Uses of Copper
Category |
Examples of uses |
Electrical |
Wiring for circuits, circuit boards, micro-cips, semiconductors, internet cable, electromagnets, solar panels |
Building construction |
Piping for water and heating, heat exchangers in thermal power stations, irrigation systems, light fittings, door handles |
Transport |
Vehicle radiators, oil coolers, heating systems, electric vehicle, aircraft control systems, shipping hulls |
- The components of demand for copper include:
- Technological advancements
- Population change
- Global economic conditions
- Copper is traded around the world but two-thirds of copper concentrates are processed in their region of origin
- Cheaper and easier
- Copper content of ore is often low, with large percentage of waste rock
- Refined in situ to save transport costs
- Copper concentrate and processed copper products are traded as they are required by most countries
- Supply of copper is often not in the same location as the major demand
- Of the concentrate that is traded, the biggest flows are from South America to Asia
Major trade flows of copper concentrate (average per year in thousand tonnes)
- Recent trends in the global copper trade include:
- Over 60% of global copper consumption is in Asia
- In 1990 USA was the largest consumer of copper
- By 2015 China had overtaken USA as the world's largest consumer of copper, accounting for nearly 40% of global demand
- The biggest source of China’s copper imports is Chile
- Almost 9 million tons from Chile in 2021
- Driven by China’s economic growth and policies:
- Rapid industrialisation
- Infrastructure development
- Urbanisation
- China’s own copper reserves are plentiful but confined to small and medium sized mines
- Increasing demand for electric vehicles (EVs)
- Due to use in electrical wiring and components
- Sustainable and responsible mining practices
- Increasing focus on sustainable and responsible mining practices in the copper industry