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It is no exaggeration to say that copper helps shape the world we know today.
Its heat and energy conduction properties surpass those of any other commercially exploited metal.
Copper is a non-ferrous metal, one of the most important industrially, with a reddish color, ductile, malleable and a good conductor of electricity. Known since prehistoric times, copper is currently used for the production of electrically conductive materials (wires and cables), and in metal alloys such as brass and bronze.
Malleable, recyclable, resistant to corrosion and high temperatures, copper is used in the generation and transmission of energy, in wiring and in practically all electronic equipment – such as your television and your cell phone.
Even having several important properties, we do not always see copper in our daily lives, but one of its main uses is all around us and it brings us unparalleled benefits, such as the conduction of electrical energy. In addition, taking advantage of its properties, civil construction widely uses this metal in several areas, whether for water heating and cooling, production of industrial machines and even the famous electronic devices.
Its anti-bacterial property helps in hospitals, coins and plumbing systems, as it prevents the accumulation of bacteria that are harmful to health and should not be present in these places.
Another place where the use of copper is very important is in the manufacture of vehicles, as it is present in wires, connectors, brakes, bearings, radiators and even in the engine itself.
Brazil produced about 554 thousand tons of copper in 2021, a result that places the country in the tenth position in the world ranking of producers of the metal.
“In just over five years, the world will begin to experience a constant shortage of copper.”
“The growing shortage of metal tends to repeat itself year after year, at least for the next two decades. As of 2017/2018, the world demand for copper will once and for all exceed the supply of the metal. Estimates consider all new projects already announced and are not changed in the face of the crisis in Europe and the US, major consumers of the metal. Regardless of the scenario in the developed world, analysts believe that emerging markets will sustain demand for copper.” Source: CRU International, global mining industry consultancy”
“It's already happening. We are already reaching a stage of pressure on copper, which is reflecting a lot on prices and market confidence”, said Colin Becker, partner at PricewaterhouseCoopers consultancy in Chile.
“This scenario is occupying the center of attention of large companies in the sector, which have to draw up strategic plans to benefit from the potential for rising prices and invest in prospecting and economic exploitation of the metal, so that scarcity is not a threat to business. and competitiveness.” Source: Valor Econômico newspaper.
On 01/10/2018 the price of copper on the LME was USD 7,140.00.
In June/2022 the price of copper on the LME was USD 9,692.00