COPPER

COPPER GLOBAL PRODUCTION [IN TONNES]Chile 2,350,000US 1,890,000Canada 740,000Russia 600,000 Indonesia 380,000Australia 420,000Peru 400,000China 350,000Zambia 350,000Poland 340,000Kazakhstan 220,000Philippians 115,000Zaire 40,000 Indian scenarioIndia's production of refined copper is 689,312 MT, around 4% of the total world production.[2012 MCX]India exports finished copper products of 6,00,000 tons.[MCX 2014]Lowest Per Capita Consumption [0.65 Kg as Compared to 2.27 Kg Globally in 2014]Sterlite Industries, Hindalco, and Hindustan Copper.

Supply, Demand & PriceOverall urban population.[by 2025, one billion people are projected to live in urban areas]largest drivers of copper will be the growth of the Chinese consumer.[projected to grow 500% by 2025]Discontinuance of historical uses.[aluminium price coming down] Policies set by the Government.[Recent USA Federal bank declaration July 2015]Indian Rupee and US Dollar exchange rate.

Supply, Demand & PriceSupply disruption[Strike in Chile state owned copper company Codelco 2015 loss 10000 tons]Economic Events [Chinese stock market bounced back by more than 3 percent in July 2015]Natural disaster[Recent weather conditions in New Papa Guinea 2015 lead to disruption]Surplus production(350000 to 500000 mt over 2014-2015 according to Goldman Sachs)Copper recycling

ConclusionModernizationSubstitute for copperPrice of Copper is VolatileMajorly Used electrical and electronicChina and U.S.A. Dominate Copper Market (China GDP is Predicted to grow by 7 to 8%).

SOURCEWWW.MCX.COMWWW.REUTERS.COMWWW.FT.COMREALMONEY.THESTREET.COMWWW.STATISTA.COMWWW.INFOMINE.COM