One of China's top import channels abruptly halted all its copper purchases in the summer of 2022 after it ran out of cash to pay suppliers. The strength of last year's imports was even more surprising given the financial problems at privately-owned Maike Group. * Employment situation at copper mines in the world.China's net refined copper imports and year-on-year change BOOMING IMPORTS * Political situation in copper mining, import and export countries Source OECįactors affecting VNĐ price- Economic situation, especially in industries such as construction, equipment manufacturing Countries with the highest copper import value in 2017. In which, China imported about 25 billion USD, accounting for about 43%, mainly from Peru and Chile. On the import side, Asian countries import the largest amount of copper.

Countries with the highest copper export value in 2017.

Chile exported $16.6 billion, while Peru exported $12 billion. Two South American countries, Chile and Peru, account for 49% of export value. In 2017, copper import and export value was worth 58.8 billion USD. The world's largest copper mine Escondida, Chile Top copper producing countries in the world in 2017įigure 3. In 2018, this mine produced 1.21 million tons, more than double the second-ranked mine.įigure 2. Chile is also home to 3 of the 10 largest copper mines in the world, of which the largest is Escondida located in the Atacama desert (Figure 3). Production and exportĬhile is the leading country in copper mining output with 5.5 million tons in 2017 (accounting for 27.6% of global production). Of which, about 65% are found in 5 countries: Chile, Australia, Peru, Mexico and the US. Mines have been identified with reserves of about 2.1 billion tons of copper. To date, about 700 million tons of copper have been mined around the world, worth over $4 trillion. Recycled copper is a major source of copper in the modern world. The copper recycling process requires less work than the extraction of copper from the ore. It is estimated that up to 80% of the currently mined copper is still in use. The product is then electrolyzed and electrically purified to produce pure copper.Ĭopper is 100% recyclable with no loss in quality. After that, the ore is crushed and ground and calcined with other substances to remove iron and sulfide. The average copper content in the ore is only 0.4-1%. ExploitĬopper is mined or extracted as copper sulfide from ores extracted from the mine. Therefore, it was exploited by humans very early, about 8000 BC. Production of electric wires and cablesĬopper is one of the few metals that occurs naturally in a metal form that can be used directly instead of having to be mined from ore. With reasonable price and flexibility, copper is commonly used as a conductor of electricity and heat such as wires, electrodes, electromagnets, electric motors, etc.įigure 1. Special pointsĬopper is the second best conductor of electricity after silver. Individual investors are also very interested in copper price because it is directly affected by world economic fluctuations. In Vietnam, many companies that use copper as raw materials, such as manufacturing electric cables, regularly conduct hedging with copper futures contracts on the exchange. Copper is one of the important industrial metals because it is widely used as a conductor of heat and electricity making construction materials, manufacturing electrical equipment and making alloys of various metalsįutures contracts are traded on the LME (London). Pure copper is soft and malleable, the surface is orange-red. Quality: ASTM B115-10 Standard Specification for Electrolytic Copper Cathode (Cathode Grade 1)Ĭopper is a ductile metal with high electrical and thermal conductivity. Where the total content of the impurity elements listed Total content of element group, not more than Quality: GB/T 467-2010 Copper Cathode (High-Purity Copper Cathode (Cu-CATH-1) Sum of elements listed in this table class='uk-table' other than Cuġ) (As + Cd + Cr + Mn + P + Sb) maximum 0.0015%Ģ) (Bi + Se + Te) maximum 0.0003%, of which (Se + Te) maximum 0.00030%ģ) (Co + Fe + Ni + Si + Sn + Zn) maximum 0.0020%Ĥ) The Sulphur content shall be determined on a cast sample Quality: BS EN 1978:1998 Copper Cathodes (Cathode grade designation Cu-CATH-1) Grade A copper must conform to the chemical composition of one of the following standards:ĭeliverable under the shape of Cathodes, with a tolerance of +/-2%Īll copper deliverable against LME contracts must be of an LME-approved brand

Copper cathode price