Market Data

Impressive Numbers

The total global demand for copper in 2007 was approximately 24 million tonnes, an increase of 5% over 2006. In fact, measured by weight, copper is the third most important metal used by man. Measured by value, copper production is equally impressive - the 2007 output was roughly equivalent to the GDP of Ukraine.

Recycling increasingly important

Over the same period, copper recycling also increased. 8.2 million tonnes of recycled copper were used by the copper industry in 2007. This equates to 35% of all copper used. 

The main uses of copper in 2007 were:

Electrical Applications: 65%
Construction: 25%
Transport: 7%
Other (e.g. coins, sculptures, musical instruments and cookware): 3%