Current location - Trademark Inquiry Complete Network - Futures platform - Supply and demand of copper futures
Supply and demand of copper futures
Main distribution of copper resources: from the perspective of national distribution, the world copper resources are mainly concentrated in Chile, the United States, Zambia, the Commonwealth of Independent States and Peru. Chile is the country with the richest copper resources in the world, with proven reserves of10.50 billion tons, accounting for about14 of the world's total reserves. The proven reserves of the United States are 9 1 10,000 tons, ranking second; Zambia ranks third.

Copper output: From 1950s to 1970s, copper output developed rapidly. 1950 The world refined copper output was only 3150,000 tons, and 1974 reached 7.7 million tons. However, the two oil crises led to the shrinking of copper consumption and a sharp drop in copper production. In 1990s, copper production increased rapidly again, especially in Chile. Chile surpassed the United States as the world's largest producer of refined copper on 1999, which declared the end of the era when the United States was far ahead in copper production.

Copper consumption: Copper consumption is relatively concentrated in developed countries and regions. Western Europe is the region with the largest copper consumption in the world. Since 2002, China has surpassed the United States to become the second largest market and the largest copper consumer. After 2000, the growth rate of copper consumption in developing countries in China was much higher than that in developed countries. The proportion of copper consumption in Western Europe and the United States in global copper consumption is declining, while the copper consumption in Asian countries and regions represented by China (except Japanese) has become the main growth point of copper consumption.

Import and export of copper:

Main exporting countries of copper concentrate: Chile, USA, Indonesia, Portugal, Canada, Australia, etc.

Main importers of copper concentrate: Japan, China, Germany, South Korea, India, etc.

Major exporters of refined copper: Chile, Russia, Japan, Kazakhstan, Zambia, Peru, Australia, Canada, etc.

The main importing areas of refined copper are China, the United States, Japan, Europe, South Korea and Taiwan Province Province. China's refined copper production ranks second in the world, second only to Chile, and its consumption ranks first in the world. In 2007, the output accounted for 1/5 of the global total, and the consumption accounted for 1/4 of the global consumption. Domestic copper production and consumption are relatively concentrated, and East China is the main copper-producing area, in which Jiangxi and Anhui provinces accounted for 34% of domestic copper production in 2007. East China and South China are the main consumption areas, accounting for about 70% of the total national consumption. China is short of copper resources and needs to import a large amount of copper concentrate every year. In 2007, the available copper in China was 6.223 million tons, of which domestic copper resources accounted for 24.6% and imported copper resources accounted for 75.4%.

Main distribution of copper resources: China's proven reserves of copper resources are 6752 1.7 million tons, mainly distributed in Jiangxi, Yunnan, Hubei, Tibet, Gansu, Anhui, Shanxi and Heilongjiang provinces. Since 2000, the copper content in China's self-produced copper concentrate has been hovering at 560,000-600,000 tons.

Copper production: Although China is poor in copper resources, it is one of the major producers of refined copper in the world. It accounts for 13% of the world total output, second only to Chile.

Copper consumption: Since the 1990s, copper consumption in China has entered a period of rapid development, which is closely related to China's economic construction and reform and opening up. The rapid economic development and large-scale infrastructure construction in China are the main reasons for the rapid growth of copper consumption. The strategy of manufacturing industry transferring from developed countries to developing countries such as China is also an important factor for the further growth of copper consumption in China in the future.

In the past 10 years, the proportion of China's electric copper consumption in the world consumption has greatly increased. The proportion increased from 7% (734,000 t) of 1990 to 1 1% of 1995, and reached 20.8% in 2004. From 1990 to 2004, the copper consumption in China increased by 372%.

Import and export of copper: China is a country short of copper resources. The self-sufficiency rate of domestic copper concentrate has dropped from 80% in 1995 to about 40% in 2003, and a large amount of copper concentrate needs to be imported every year. The import composition of copper has a large proportion of raw materials, mainly including refined copper, crude copper, waste copper and copper concentrate. The export volume is very small, mainly semi-finished products and processed products.