Copper has the chemical symbol Cu and the atomic number 29. It is a soft, malleable, and ductile metal with high electrical and thermal conductivity.
It is widely utilised in the manufacture of electrical wire, plumbing, industrial machinery, and the construction of houses and other structures.
It is also a key component of many alloys, such as bronze and brass, and is appreciated for its antibacterial characteristics, which make it valuable in medical applications.
It is naturally found in the earth’s crust and is produced from copper ores via mining and refining procedures. It has a characteristic reddish-brown color that might appear more yellow or orange depending on the lighting.
It has a comparatively low melting point of 1,085 °C and its boiling point is 2,567 °C. The electronic configuration of copper is [Ar] 3d¹4s¹ and its density is 8.96g/cm³.
The top copper-producing countries include Mexico, Chile, Peru, Australia, Canada, and Chile.
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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 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 trends, 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:
Owing to its superior electrical conductivity, low resistance, and durability, copper is commonly employed in electrical wiring and conductors.
It is widely utilised in plumbing systems, as well as in a range of electrical gadgets such as computers, smartphones, and televisions.
Copper is often used in construction applications such as roofing, gutters, and cladding.
Aside from that, it is employed in the manufacture of a variety of industrial gear and equipment. It is also utilised in the manufacture of coinage.
Key Market 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 and Events:
- September 19, 2022: Copper prices have been volatile since the beginning of the year, averaging USD 3.50 per pound (USD 7,700) at the end of two months, down 21% from their peak levels in early March 2022.
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