Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on “Copper
Mining Market”.
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure. Copper denoted by the
symbol Cu is a ductile metal with very high electrical and thermal
conductivity. Copper is soft and malleable in its pure form and is
used to fabricate pipes and cables. Copper finds application in
various building material, high speed data transmission, solar
energy, storage of nuclear waste, superconductor and metal alloys.
Copper compounds are also used as fungicides, wood preservatives and
bacteriostatic substances.
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Most
of the available copper is distributed over large areas, mixed with
mineralized materials and rocks. Copper is mined or extracted as
copper oxide ore and copper sulfides ore from large open pit mines in
porphyry copper deposits. Percentage of copper in these minerals is
known as “copper grade” and its value varies from 1 percent to
1.8 percent. These copper ores undergoes different stages and process
to produce pure copper. After mining the ore is crushed to walnut
sized pieces. Oxide ores are routed to leaching tanks, while Sulfide
ores are moved to concentrating stage. The first commercial
production of copper production line is copper concentrate which
consists of equal parts of iron, copper and sulfide. During this
process, molybdenum is obtained and is further processed to attain
commercial form of molybdenum trioxide. Once copper has been
concentrated, it can be turned into pure form using leaching and
electro-winning or smelting and electrolytic refining. After
smelting, copper concentrate is converted to metallic copper, which
allows it to attain forms that can be further refined to get more
than 99 percent pure copper anode and copper blisters. Copper anode
is mainly used as a raw material in electrolytic refining process to
produce electrolytic refined cathode with a purity of 99.99 percent.
Copper
mining market can be segmented on the basis of mining methods used
into Open pit mining and Underground mining. Open pit mining is the
predominant method used for copper mining due to its high production
rates, flexible operation, low cost and relatively safe method.
Copper mining market can be segmented on the basis of geography into
North America, APAC, Europe and Rest of the world (RoW). China
accounts for around 40 percent of global copper demand. Chile has
approximately 20 percent of world copper reserves and accounted for
around 11 percent of total world’s copper production in 2011. China
is the second largest producer of copper and accounted for
approximately 40 percent of worlds copper demand in 2012.
Copper’s
high conductivity makes it possible to use energy more efficiently,
as this helps in enhancing quality of product and less fuel
consumption used to produce energy. Developed countries consume 10 to
20 kg of copper per person which is approximately 10 times more than
developing countries. Copper mining market is driven by such
extensive demand of copper in various fields.
Some
of the players in Copper mining market include Advance SCT Limited,
African Copper Plc, Amerigo Resources Ltd., Bougainville Copper
Limited, Copper Development Corporation, Caribou King Resources Ltd.,
DOT Resources Ltd., Freeport-McMoRan Copper & Gold, KGL
Resources, AQM Copper Inc., Aditya Birla Minerals Ltd., BHP Billiton
Ltd., Codelco, Xstrata Plc, Rio Tinto Group, Chinalco Yunnan Copper
Resources Limited, Global Hunter Corp., Revett Mining Company Inc.,
Glencore International AG, Southern Copper Corp. and Anhui Jingcheng
Copper Co. Ltd. among others.
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This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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