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About Copper
Copper is a ductile, malleable, corrosion-resistant & eminently recyclable metal. It has the ability to acquire additional features like hardness, tensile strength & much greater resistance to corrosion. Its key property is the fact that it is an excellent conductor of electricity. Copper can be utilized in various applications and across industries. Its major applications according to the European Copper Institute are briefed below. Copper was the first mineral that man extracted from the earth and along with tin gave rise to the Bronze Age. As the ages and technology
progressed the uses for copper increased. As per London Metal Exchange (LME) world production for 2007 was 17,974,300 Tonnes Per Annum.
Copper Market Forecast for 2011-12
According to the International Copper Study Group, the global growth in copper demand is expected to exceed the global growth in copper production and as per ICSG data the annual production deficit is estimated at about 253,000 Metric Tonnes ( MT) of refined copper in 2010 and is expected to increase to 377,000 MT.