全球銅礦業(yè)市場前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.6

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MARKETSCopperminingindustryworldwideCHAPTER

01OverviewReservesofcopperworldwidefrom2010to2023(inmillionmetrictons)Globalcopperreserves2010-20231,2001,0001,0008006004002000890880870870830790720720700690690680630201020112012201320142015201620172018201920202021202220234/statistics/1070228/global-copper-reservesAsof2023,theworld'stotalreservesofcopperwereestimatedatapproximatelyonebillionmetrictons.Copperisachemicalelementandanimportantbasemetalthatiswidelyusedgloballyduetopropertiessuchashighconductivityandmalleability.ReadmoreNote(s):Worldwide;2010to2023Source(s):USGeologicalSurveyLeadingcountriesbasedoncopperreservesworldwidein2023(inmillionmetrictons)Globalcopperreserves2023,bycountryReservesinmillionmetrictons80

1000204060120140160180200ChilePeru190120AustraliaDRCongoRussia1008080Mexico53UnitedStatesChina5041Poland34IndonesiaZambia242120KazakhstanCanada7.6Othercountries1805Description:In2023,China'scopperreserveswereestimatedatapproximately41millionmetrictons.ThisfigureplacedChinaeighthonaglobalrankingbasedoncopperreserves.

ReadmoreNote(s):Worldwide;2023Source(s):USGeologicalSurveyDistributionofcopperreservesworldwidein2022,byselectcountryDistributionofcopperreservesworldwidebycountry2022Shareofreserves0%5%10%15%20%25%ChileAustraliaPeru21%11%9%Russia7%Mexico6%UnitedStatesDRCongoPoland5%4%4%China3%3%IndonesiaKazakhstanZambia2%2%Canada1%Restofworld22%6Description:In2022,Chilehadtheworld'slargestreservesofcopperbyalargemargin,witharounda21percentshareofglobalcopperreserves.ChilewasfolloweddistantlybyAustraliaandPeru,withan11percentshareandaninepercentshareofglobalcopperreserves,respectively,thatyear.ReadmoreNote(s):Worldwide;2022Source(s):NRCan;USGeologicalSurveyMinecapacityofcopperworldwidefrom2010to2023(in1,000metrictons)Capacityofcopperminesworldwide2010-202330,00026,89426,11224,83024,16124,26524,01325,00023,48122,36721,54721,03820,77820,01519,45519,19820,00015,00010,0005,00002010201120122013201420152016201720182019202020212022*2023*7Description:In2021,theglobalminecapacityofcopperamountedtomorethan26millionmetrictons.In2023theestimatedglobalminecapacityofcopperisexpectedtoamounttomorethan21millionmetrictons.ReadmoreNote(s):Worldwide;*Preliminaryfigure.Figuresfor2018-2021wererestatedinthe2023editionofthereport.ReadmoreSource(s):COMEX;ICSGMineproductionofcopperworldwidefrom2010to2023(inmillionmetrictons)Coppermineproductionworldwide2010-20232521.92221.220.620.420.420.1202019.118.518.316.91616.115105020102011201220132014201520162017201820192020202120222023*8Description:Thetotalworldwidecoppermineproductionamountedtoanestimated22millionmetrictonsin2023.Globalcopperproductionhasseensteadygrowthoverthepastdecade,risingfrom16millionmetrictonsin2010.

ReadmoreNote(s):Worldwide;2010to2023;*Estimated.Thisstatisticwasassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyRefineryproductionofcopperworldwidefrom2000to2022(in1,000metrictons)Globalcopperrefineryproduction2000-202230,00025,00020,00015,00010,0005,00002000

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2022*9Description:In2022,thetotalglobalsmelterproductionofcopperstoodatapproximately25.6millionmetrictons.Thiswastherecordhighreportedsincetheturnofthecentury,andanincreaseof1.1percentfromthepreviousyear.From2000to2022,refineryproductionofcopperincreasedbyroughly10millionmetrictons.ReadmoreNote(s):Worldwide;2000to2022;*Preliminaryfigure.ReadmoreSource(s):ICSGMarketbalanceofcopperworldwidein2022and2023,withaforecastfor2024(in1,000metrictons)Globalcoppermarketbalance2022-2024150100501300-50-100-54-150-151-200202220232024*10Description:Theglobalmarketbalanceofcopperin2023amountedtoasurplusofsome130,000metrictons.However,in2024,itisexpectedthattherewillbeamarketdeficitofmorethan50,000metrictonsofcopperworldwide.Thatsameyear,theglobalmarketbalanceofnickelisforecasttoregisterasurplus.Copperiscommonlyusedinelectricalequipmentsuchaswiringandmotors.ReadmoreNote(s):Worldwide;2022and2023;*ForecastReadmoreSource(s):NorilskNickelCHAPTER

02ProductionUtilizationrateoftheminecapacityofcopperworldwidefrom2010to2023Copperminecapacityutilizationrateworldwide2010-2023100%87.5%86.9%90%80%70%60%50%40%30%20%10%0%85.5%85.7%85.3%84.9%83.6%83.4%83.7%83.3%82.1%81.6%81.6%77.6%2010201120122013201420152016201720182019202020212022*2023*12Description:In2023,theminecapacityutilizationrateofcopperamountedtoa(preliminary)77.6percentworldwide.Copperisusedasaindustrialmetalbecauseofitsthermalandelectricalconductivity.Themainapplicationsofcopperareinelectricalwiringandindustrialmachinery.ReadmoreNote(s):Worldwide;*Preliminaryfigure.ReadmoreSource(s):ICSGDistributionofcoppermineproductionworldwidein2022,byregionGlobalcoppermineproductiondistribution2022,byregionOceania4%Europe9%NorthAmerica12%LatinAmerica39%Africa15%Asia21%13Description:In2022,LatinAmericaproduced39percentoftheworld'stotalcopperoutput,becomingthelargestcopperproducingregion.AsiaandAfricarankedsecondandthird,withacopperproductionshareof21and15percent,respectively.

ReadmoreNote(s):WorldwideSource(s):ICSGProductionvolumeofcopperworldwidein2022,bypoliticalstabilityofproducercountries(inmillionmetrictons)Productionvolumeofcopperglobally2022,bypoliticalstabilityofproducers1210.27109.118642.8520Stable0FairUnstableExtremelyunstable14Description:In2022,countriesclassifiedasfairlypoliticallystableaccountedforthelargestshareofglobalcopperproduction.Thatyear,approximately10.3millionmetrictonsofcopperwereproducedbyfairlypoliticallystablecountries.Incomparison,about2.85millionmetrictonsofcopperwereproducedbyextremelypoliticallyunstablecountries.ReadmoreNote(s):Worldwide;2022Source(s):BMLRT(?sterreich)Leadingcopperminesworldwidein2023,basedoncapacity(1,000metrictons)Globallargestcoppermines2023,bycapacityProductioncapacityinthousandmetrictons02004006008001,0001,2001,4001,600Escondida(Chile)Grasberg(Indonesia)Collahuasi(Chile)1,350770640Morenci(U.S.)570BuenavistadelCobre(Mexico)CerroVerdeII(Peru)Antamina(Peru)535500450450PolarDivision(Russia)Kamoa-Kakula(Coongo)ElTeniente(Chile)430401TenkeFungurume(Congo)LasBambas(Peru)400400400Chuquicamata(Chile)15Description:TheEscondidamineinChileistheworld'slargestcopperminebasedoncapacity,atsome1.4millionmetrictons.EscondidaisownedbyBHPBilliton,RioTinto,andJapanEscondida.Grasbergmine,inIndonesia,isthesecondlargestcoppermineworldwide,withacapacityofmorearound770,000metrictons.ReadmoreNote(s):Worldwide;asofJune2023Source(s):ICSGLeadingcopperminesworldwidein2022,basedonproduction(in1,000metrictons)Globalleadingcoppermines2022,basedonoutputOutputinthousandmetrictons200

40006008001,0001,200Escondida(Chile,BHP)Collhuasi(Chile,Glencore)1,060589.28ElTentiente(Chile,Codelco)456CerroVerde(Peru,Freeport)433.63Morenci(U.S.,Freeport)400.67395.91373.19345Grasberg(Indonesia,Inalum/Freeport-McMoRan)Chuquicamata(Chile,Codelco)CobrePanamaProject(Panama,FirstQuantum)Kamoa-KakulaProject(DRC,IvanhoeMines)BuenavistadelCobreMine(Mexico,GrupoMexico)333.5331.516Description:TheEscondidamineinChileoperatedbytheAnglo-AustrianmultinationalminingcompanyBHPistheworld'slargestcoppermine.In2022,some1.06millionmetrictonscopperwasproducedattheEscondidamine.TheCollahuasimineinChile,ownedbyGlencorePLC,produced589,280metrictonsofcopperthatyear,makingitthesecond-largestcoppermineglobally.ReadmoreNote(s):Worldwide;2022Source(s):GlobalData;MiningTechnologyLeadingcopperrefineriesworldwidein2023,basedoncapacity(in1,000metrictons)Globalleadingcopperrefineries2023,bycapacityCapacityinthousandmetrictons400

60002008001,0001,200Guixi(China)ShandongFangyuan(China)XiangguangCopper(China)Daye/Hubei(China)1,100700600600600JinchuanGansu(China)Birla(India)500495Jinchuan(Fangchenggang)(China)HeadingCopper(China)PyshmaRefinery(Russia)Jinlong(Tongdu)(China)Amarillo(UnitedStates)ChuquicamataRefinery(Chile)Toyo/Niihama(Japan)47046046045045045017Description:TheGuixirefinery,propertyofJiangxiCopperCorporationinChina,wasrankedasthenumberonecopperrefineryintheworldbasedoncapacityasofJune2023.TherefiningcapacityoftheGuixirefineryamountedtosome1.1millionmetrictonsofrefinedproductannuallyatthattime.Bycomparison,thesecondlargestcopperrefineryintheworldwasShandongFangyuan,withacapacityof700thousandmetrictons.Morethanhalfofthelargestcopperrefineriesworldwidearelocatedin[...]

ReadmoreNote(s):Worldwide;asofJune2023Source(s):ICSGLeadingcoppersmeltersworldwidein2023,basedoncapacity(in1,000metrictons)Globallargestcoppersmelters2023,bycapacityCapacityinthousandmetrictons2000100300400500600Guixi(China)BirlaCopper(India)520500Jinchuan(Fangchenggang)(China)Toyo(Japan)480450450450450Chuquicamata(Chile)Hamburg(Germany)Saganoseki/Ooita(Japan)Xiangguangcopper(China)Chifeng(China)400400400400400400ChinalcoSoutheastCopper(China)ElTeniente(Chile)HongshengCopper(China)SterliteSmelter(Tutocorin)(India)18Description:TheChinesecoppersmelterGuixi,ownedbyJiangxiCopperCorp.,hadthelargestproductioncapacityworldwide,amountingtosome520thousandmetrictonsasofJune2023.OthercoppersmeltersinIndia,Japan,Chile,andGermanywerealsorankedamongthesixleadingglobalcoppersmeltersbasedoncapacity.ReadmoreNote(s):Worldwide;asofJune2023Source(s):ICSGCHAPTER

03CountriesMajorcountriesincoppermineproductionworldwidein2023(in1,000metrictons)Copperproductioninleadingcountries2023Productioninthousandmetrictons2,000

3,00001,0004,0005,0006,000ChilePeru5,0002,6002,500DRCongoChina1,700UnitedStatesRussia1,100910840IndonesiaAustraliaZambia810760750MexicoKazakhstanCanada600480400Poland20/statistics/264626/copper-production-by-countryIn2023,Peruproduced2.6millionmetrictonsofcopper.Thetenleadingcountriesinworldcopperproductionasof2022wereChile,Peru,theDemocraticRepublicoftheCongo,China,theUnitedStates,Russia,Indonesia,Australia,Zambia,andMexico.ReadmoreNote(s):Worldwide;2023Source(s):USGeologicalSurveyMineproductionofcopperinChilefrom2010to2023(in1,000metrictons)Chile:coppermineproduction2010-20237,0006,0005,8305,7805,7505,7605,7905,7305,6205,5005,5005,4205,4305,3305,2605,0005,0004,0003,0002,0001,000020102011201220132014201520162017201820192020202120222023*21Description:In2023,Chile'scoppermineproductionwasestimatedat5.33millionmetrictonsofmetalcontent,representingabout24percentoftheglobalcopperproductionthatyear.AftertwoyearsofeconomicupheavalacrossthegloberesultingfromtheCOVID-19pandemic,Chile'scopperoutputdroppedbyabouttenpercentincomparisonto2019.ReadmoreNote(s):Chile;2010to2023;*EstimateSource(s):USGeologicalSurveyCoppermineproductioninPerufrom2010to2022(inmillionmetrictons)CopperproductioninPeru2010-20223.02.442.442.452.422.52.01.51.00.50.02.352.332.151.71.381.361.31.251.242010201120122013201420152016201720182019202020212022*22Description:In2022,Peru'scopperminesproduced2.45millionmetrictonsofmetal,anincreasefrom2.33millionmetrictonsfromthepreviousyear.Amidstlockdownmeasuresandcontactrestrictionsimplementedtoslowdownthespreadofthecoronavirus,copperminesinthecountryhadtheiractivitiessuspendedorseverelyreducedin2020,recordinganoutputbelow2019levelsthroughouttheyear.Nevertheless,Peruremainedthesecondlargestcopperproducingcountryin2020and2021,[...]

ReadmoreNote(s):Peru;2010to2022;Metrictonsofmetalcontent;*Preliminarydata.Thisstatisticwascompiledusingseveralreleasesofthepublication.ReadmoreSource(s):MinisteriodeEnergíayMinas(Peru)MineproductionofcopperinDemocraticRepublicoftheCongofrom2010to2023(in1,000metrictons)CoppermineproductioninDRCongo2010-20233,0002,5002,0001,5002,5002,3501,7401,6001,2901,2301,09020171,03020141,02020159701,000500084660052034320102011201220132016201820192020202120222023*23Description:MineproductionofcopperintheDemocraticRepublicoftheCongoreachedanewrecordhighin2023,atanestimated2.5millionmetrictons.Thiswasroughlyseventimesmorethanthecopperproductionreportedin2010.

ReadmoreNote(s):DemocraticRepublicoftheCongo;2023;*EstimateThesourcereferstoDRCongoasCongo(Kinshasa).ReadmoreSource(s):USGeologicalSurveyMineproductionofcopperinChinafrom2010to2023(in1,000metrictons)China'scoppermineproduction2010-20232,5002,0001,9401,9001,9101,7601,7101,7101,7201,7001,6801,6301,6001,5901,5001,3101,2001,000500020102011201220132014201520162017201820192020202120222023*24Description:In2023,Chinaproducedanestimated1.7millionmetrictonsofcopperfrommines.Thisfigurerepresentsaslightdecreasefromthepreviousyear,whichsawthepeakofChina'scoppermineproductionintheperiodofconsideration.

ReadmoreNote(s):China;2010to2023;*Estimated.Thisstatisticwasassembledusingseveraleditionsofthereport.ReadmoreSource(s):USGeologicalSurveyCHAPTER

04TradeLeadingcopperoreexportingcountriesworldwidein2022(inbillionU.S.dollars)Copperoreexportvalueworldwide2022,bycountryExportsinbillionU.S.dollars1005152025ChilePeru23.113.4IndonesiaAustraliaCanada9.25.13.53.1MexicoUnitedStatesPanamaBrazilMongoliaDRCongoKazakhstanSerbia32.82.742.732.62.41.826/statistics/920840/copper-ore-export-value-worldwide-by-countryChilewastheworld'slargestexporterofcopperorebasedonvaluein2022,withexportsthatamountedtoavalueofover23billionU.S.dollars.Peruwasthesecond-largestcopperoreexporter,withexportsamountingto13.4billionU.S.dollars.

ReadmoreNote(s):WorldwideSource(s):CIA(TheWorldFactbook);InternationalTradeCentre(TradeMap);WTExLeadingcopperoreimportingcountriesworldwidein2022(inbillionU.S.dollars)Copperoreimportvalueworldwide2022,byleadingcountryImportsinbillionU.S.dollars3001020405060ChinaJapan56.3313.72SouthKoreaIndia6.583.272.652.212.191.24GermanySpainBulgariaPhilippinesFinland1.150.990.960.820.780.660.55CanadaMalaysiaSwedenGeorgiaMexicoPoland27Description:In2022,China'scopperoreimportsamountedtoavalueofapproximately56.3billionU.S.dollars,whichmadeittheworld'sleadingcopperoreimporterbyasignificantmargin.InadistantsecondplacethatyearwasJapan,withcopperoreimportsamountingto13.7billionU.S.dollars.ReadmoreNote(s):Worldwide;2022;copperoresandconcentratesSource(s):WITSCHAPTER

05CompaniesLeadingcopperminingcompaniesworldwidein2022,byproductionoutput(in1,000metrictons)Leadingcopperproducersworldwide2022,byproductionoutputProductioninthousandmetrictonsCodelco(Chile)Freeport-McMoRan(U.S.)BHP(Australia)1,5521,2971,108Glencore(Switzerland)SouthernCopper(Mexico)FirstQuantumMinerals(Canada)ZijinMining(China)993895741677KGHMPolskaMiedz(Poland)RioTinto537521AngloAmerican(UK)46829Description:In2022,Codelcowasthecopperminingcompanywiththehighestoutputworldwide,producingsome1.55millionmetrictonsofthemetal.TheChileancompanywasfollowedbytheU.S.companyFreeport-McMoRan,withaproductionoutputofnearly1.3millionmetrictons.ReadmoreNote(s):Worldwide;2022;productiontotalsattributabletoproductionfromminesowneddirectlySource(s):MDistributionofcopperproductionworldwidein2022,bycompanyDistributionofcopperproductionworldwide2022,bycompanyShareofproduction0%10%20%30%40%50%60%CodelcoFreeport7%6%6%BHPGlencore4%4%SouthernCopperFirstQuantumKGHM3%3%3%ZijinMiningNornickel2%2%2%2%RioTintoAntofagastaAngloAmericanOtherproducers56%30Description:In2022,Glencoreaccountedforsomefourpercentofthecopperproducedworldwide,makingittheworld'sfourth-largestproducerofcopper.ThisrankingwasleadbytheChileanheadquarteredcompanyCodelco.

ReadmoreNote(s):Worldwide;2022Source(s):NorilskNickel;Varioussources(Companydata)Year-over-yearchangeincopperproductionamongleadingcopperproducersworldwidefromQ22021toQ22022AnnualchangeincopperproductionworldwideQ22021-Q22022,bycompanyYear-over-yearoutputchange-30%FreeportMcMoRan-25%-20%-15%-10%-5%0%5%10%15%20%14.3%RioTintoBHP6.7%4.7%KGHM-0.8%FirstQuantumCodelco-7.4%-7.8%GrupoMexicoGlencore-11.1%-14.7%AngloAmericanAntofagasta-17.2%-25.7%31Description:Onlythreeoftheleadingglobalcopperproducersreportedincreasedcopperproductioninthesecondquarterof2022whencomparedtoQ22021.UnitedStates-basedFreeportMcMoRanhadanannualcopperproductiongrowthof14.3percentbetweenQ22021andQ22022.Incomparison,ChileanmultinationalAntofagastareportedacontractionof25.7percentinthatsameperiod.Reasonsfortheoveralldecreaseincopperoutputincludeloweroregradesandextensiveleadtimesfor[...]

ReadmoreNote(s):Worldwide;Q22021andQ22022Source(s):EnergyMonitor;GlobalDataCopperproductionofCodelcofrom2010to2022(in1,000metrictons)Codelco'scopperproduction2010-20222,0001,8911,8411,8421,8271,7961,7921,8061,7601,7581,8001,6001,4001,2001,0008001,7271,7281,7061,55360040020002010201120122013201420152016201720182019202020212022*32Description:In2022,copperproductionofminingcompanyCodelcoamountedtoapproximately1.55millionmetrictons,adecreaseincomparisontotheoutputrecordedayearearlier.Codelco,aChileanstate-ownedcompany,isoneofthelargestcopperproducersworldwide.ReadmoreNote(s):Chile;2010to2022;MetrictonsofmetalcontentSource(s):CodelcoCopperproductionofFreeport-McMoRanfrom2010to2023(inmillionrecoverablepounds)Freeport-McMoRan'scopperproduction2010-20234,5004,2224,2104,2124,1313,9083,9043,8434,0003,5003,0002,5002,0001,5001,0005003,8133,7373,6913,6633,5683,2473,20602010201120122013201420152016201720182019202020212022202333Description:Freeport-McMoRanCopper&Goldisoneoftheworld'sleadingproducersofgoldandcopper.In2023,theArizona-basedcompany'scopperproductiontotaledapproximately4.2billionrecoverablepounds,anearly10percentincreaseincomparisonto2021.ReadmoreNote(s):Worldwide;2010to2023Source(s):FreeportBHP'sproductionofcopperfrom2010to2023*(in1,000metrictons)BHP'sproductionofcopper2010-20232,0001,8001,6001,4001,2001,00080060040020002010201120122013201420152016201720182019202020212022202334Description:BHPproducedapproximately1.72millionmetrictonsofcopperinthefinancialyearendingJune30,2023.Thiswasanincreasefromaround1.57millionmetrictonsfromthepreviousyear.Duringtheperiodinconsideration,BHP'scopperproductionincreasedby641.3thousandmetrictons,peakingin2018at1.8millionmetrictons.BHP(formerlyknownasBHPBilliton)isaBritish-Australianglobalminingcompany,headquarteredinLondonandMelbourne.ReadmoreNote(s):Worldwide;2010to2023;*Includingproductionfromdiscontinuedoperations.FiguresareroundedtothenearestthousandmetrictonandcorrespondtothefinancialyearendedJune30.Thisstatisticwasassembledfromseveralannual[...]

ReadmoreSource(s):BHPGlencore'scopperproductionfrom2015to2023(in1,000metrictons)ProductionofcopperbyGlencore2015-20231,6001,5021,4541,4261,3711,4001,2001,00080060040020001,3101,2581,1961,0581,01020152016201720182019202020212022202335Description:TheSwiss-basedmultinationalminingcompanyGlencorereportedacopperproductionof1.01millionmetrictonsin2023.ThatwasGlencore'slowestcopperproductioninanyyearduringtheperiodinconsideration.

ReadmoreNote(s):Worldwide;2015to2023Source(s):GlencoreCHAPTER

06ConsumptionRefinedcopperusageworldwidefrom2010to2022(in1,000metrictons)Globalcopperusage2010-202230,00026,06925,20424,94524,46624,32125,00020,00015,00010,0005,000023,68623,48122,90623,04621,40820,47919,70919,1362010201120122013201420152016201720182019202020212022*37Description:In2022,globalrefinedcopperusagestoodatnearly26.1millionmetrictons.Thiswastherecordhighreportedsince2010,andanincreaseofroughlythreepercentfromthepreviousyear.From2010to2022,refinerycopperusageincreasedbysevenmillionmetrictons.Mostoftheworld'scopperisusedinelectricalapplications,butalsoinarchitecture,automotive,electrical,tube,pipeandfittings,fuelgas,industrial,marine,machinedproducts,andtelecommunications.ReadmoreNote(s):Worldwide;2010to2022;*Preliminaryfigure.ReadmoreSource(s):ICSGDemandforcopperworldwidein2022,byregion(in1,000metrictons)Globalcopperdemand2022,byregionDemandinthousandmetrictons01,0002,0003,0004,0005,0006,0007,0008,0009,00010,000ChinaEU27&UK8,693.112,076.41NorthAmericaSouthAmericaASEAN1,400.1858.02836.8India690.43Japan552.31504.27311.82KoreaAfricaOtherAsia&AustralasiaOtherEurope1,099.49873.3138Description:Chinahadbyfarthelargestdemandforcopperoutofanycountryormacroregionintheworldin2022,amountingtonearly8.7millionmetrictons.TheEuropeanUnionandtheUnitedKingdomcameinadistantsecondplace,withtotalcopperdemandamountingtonearly2.1millionmetrictonsthatyear.ReadmoreNote(s):Worldwide;2022Source(s):IWCCDistributionofrefinedcopperconsumptionworldwidein2022,byregionGlobalrefinedcopperconsumptiondistribution2022,byregionOther1%Americas10%Europe13%China55%OtherAsia21%39Description:Theworld’slargestconsumerofrefinedcopperin2022wasChina.Thatyear,Chinaaccountedfor55percentofthetotalglobalcopperconsumptionvolume.ReadmoreNote(s):Worldwide;2022Source(s):NorilskNickel;Varioussources(Companydata)Distributionofcopperconsumptionworldwidein2022,byenduseGlobaldistributionofcopperconsumption2022,byenduseIndustrial12%Transportation13%Equipment32%Infrastructure17%Construction26%40Description:In2022,equipmentaccountedforthemajorityoftheglobalend-useofcoppersemis(copperandcopperalloyproduction),atsome32percent.Constructionandinfrastructurerankedsecondandthird,witha26percentand17percentshareofcopperconsumption,respectively.ReadmoreNote(s):Worldwide;2022Source(s):ICA;ICSG;IWCCDistributionofcoppersemisfirst-useworldwidein2022,bytypeGlobaldistributionofcoppersemisfirst-use2022,bytypeFoil4%Rods,bars,andsections9%Flatrolledproducts(plate,sheet,andstrip)11%Tube12%Wire64%41Description:Copperwireproductionaccountedforthemajorityoftheglobalfirst-useofcoppersemis(copperandcopperalloyproduction)asof2022,atsome64percent.Tubeswerethesecondlargestfirst-useofcoppersemisworldwidethatyear,accountingfora12percentshare.ReadmoreNote(s):Worldwide;IncludescopperandcopperalloyproductionSource(s):ICA;ICSG;IWCCCHAPTER

07PriceLMEpriceforhigh-gradecopperfrom2000to2023(inU.S.centsperpound)LMEpriceforhigh-gradecopper2000-2023450400350300250200422.5399.8399.8390360.6341.7332.3322.8315.5311.1304.9296279.5279.8272.4249.5233.6220.6168.81501005013082.280.771.6

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2023*43Description:ThecopperpriceontheLondonMetalExchange(LME)stoodatanaverageof390U.S.centsperpoundin2023.ThisfigurerepresentsadecreaseofaboutfivepercentincomparisontothepreviousyearwhichsawthepeakLMEcopperpriceintheperiodofconsideration.ReadmoreNote(s):Worldwide;2000to2023;*Estimated.Thisstatisticwasassembledusingseveraleditionsofthereport.ReadmoreSource(s):L