The Global Copper Market Will Produce Nearly 25 Million Tons of Copper in 2015

The global copper market will produce nearly 25 million tons of copper in 2015, with growth being driven by end user markets in construction, building, electronic equipment, consumer goods and telecommunications. China is the largest consumer of copper globally and demand for refined copper in China has been growing due to growth in various Chinese industries, such as telecommunications, energy, automotive, construction and consumer goods.

In particular, growing markets for copper include multimedia, digital graphics, high speed Internet, biomass, wind energy and geothermal energy are examples of growing industries where copper is highly utilised. The largest producer of copper is Chile accounting for more than 30% of global production. 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. Source: Companies and Markets.

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