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April 22, 2008
World Copper Consumption to Reach 21.2 Million Metric Tons by 2010, According to New Report by Global Industry Analysts, Inc.
Consumption of copper in the world market is forecast to reach 21.2 million metric tons by the year 2010. Chile is the largest producer of mined copper worldwide, followed by the United States. Other major producers of mined copper include Canada, Indonesia, Australia, Peru, Russia, Poland, India and Mexico.
San Jose, CA (PRWEB) April 21, 2008 -- Future growth in world copper consumption is expected to stem from the possible expansion of copper applications in electric/battery-powered cars. Additionally, rising demand for copper cables designed to handle digital transmissions is also forecast to drive growth in copper consumption in the upcoming years. In terms of regional market opportunities, Asia-Pacific, especially China is forecast to drive growth in the global copper market. Mirroring the unfavorable business climate in the domestic construction industry, demand for copper in building and construction end-use market in United States is forecast to lethargically inch upto 1.16 million metric tons by the year 2010. As stated in a recent report published by Global Industry Analysts Inc., copper consumption in electrical and electronic end-use market in Asia-Pacific is projected to reach 4.03 million metric tons by the year 2012.
Major players in the copper market include Anglo American PLC, Antofagasta Plc, BHP Billiton Group, Cambridge Lee Industries LLC, Codelco, Vale Inco, First Quantum Minerals Ltd, Freeport-McMoRan Copper & Gold Inc, The Furukawa Electric Co., Grupo México S.A.B. DE C.V, Global Brass and Copper Inc, Inmet Mining Corporation, Jiangxi Copper Company Limited, KGHM Polska MiedŸ S.A, KME Germany AG, Mitsubishi Materials Corporation, Mitsui Mining & Smelting Co. Ltd, Nippon Mining & Metals Co., Ltd, Norddeutsche Affinerie AG, Norilsk Nickel, Rio Tinto Group, Sumitomo Metal Mining Co., Ltd, Teck Cominco Limited and UMMC Holding Corporation.
"Copper: A Global Strategic Business Report", published by Global Industry Analysts, Inc. provides a comprehensive review of market trends, drivers, product profile, recent developments, mergers, acquisitions, primary producers and consumers of copper, exports/imports scenario and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Asia-Pacific, Latin America and rest of world. Analytics from 1991 through 2015 are provided in terms of end use segments including building and construction, electrical and electronic, industrial machinery and equipment, transportation and consumer and general products.
For more details about this research report, please visit
http://www.strategyr.com/Copper_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Posted by Industrial-Manufacturing at April 22, 2008 02:07 AM