Copper is a metallic element with an atomic number of 29. It is a malleable metal with high thermal and electrical conductivity. The metal is highly ductile and is used for manufacturing wires on a commercial scale. The surface of the metal is slightly brownish-pink or orangish-brown in colour, which is found in a free state in nature. Copper is mixed with tin to form an alloy commonly known as bronze, a widely used industrial metal. The boiling and melting point of Copper ranges around 2567°C and 1083° C, respectively.
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Copper is mainly produced by smelting or leaching, which is followed by the process of electrodeposition from sulfate solutions. The primary usage of Copper is seen in the electrical industries.
The key Copper-importing countries are Vietnam, India, and the United States. On the other hand, the key exporting countries include India, Vietnam, and China.
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Key Details About the Copper Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the copper price trend in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Copper Price Forecast, including India Copper price, USA Copper price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Copper Price Trend:
Copper is a widely used commercial metal element, and its applications are seen in different global market sectors. Chiefly, it is used in the electrical and construction industries. Copper metal shows high thermal and electrical conductivity, making it an excellent option for electrical applications. The material is comparatively affordable and is used to make electric wires as it is highly ductile.
Additionally, it is the highest quality metal available in the market for various building applications, such as fire sprinklers, plumbing, and much more. It is used to manufacture industrial machinery like electrical motors, valves, and containers for holding corrosive mediums, condensers, pipe systems, evaporators, etc.
The applications of Copper are also seen in automobile industries, seen in the latest designs of modern cars. Utensils for household usage, like cookware, pans, pots, refrigeration units, etc., use Copper metal.
Key Players:
- Umicore N.V
- American Elements
- MMC Norilsk Nickel PJSC
- Korea Zinc Co., Ltd.
- Jinchuan Group International Resources Co. Ltd
- Glencore plc
- The Doe Run Resources Corporation
- Codelco Mining company
- Freeport-McMoRan Inc.
- Broken Hill Proprietary (BHP)Group Limited
- Rio Tinto plc
News & Recent Development
- Date: June 6, 2023– The industrial metal Copper prices show a rebound after six months low on its pricing status in May. It was empowered by some positive financial data verified from China.
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