|
GreatTips www.GreatTipsMcx.com
|
|
Will it Work ? Are You Sure ? Why not confirm it….. |
|
By continuing to read or referring to material contained in any of our services, you have read and agreed to the disclosure & disclaimers mentioned & published at our site: www.GreatTipsIndia.com |
|
COPPER |
|
General Characteristics |
|
Copper ranks third in world metal consumption after steel and
aluminum. It is a product whose fortunes
directly reflect the state of the world's economy. Copper is the best non-precious metal conductor of electricity. The
metal's exceptional strength, ductility, and resistance to creeping and
corrosion, makes it the preferred and safest conductor for building wiring.
Copper is also used in power cables, either insulated or uninsulated,
for high, medium and low voltage applications. Copper is an essential
component of energy efficient motors and transformers and automobiles. |
|
Supply and Demand |
|
Global Scenario Economic, technological and societal factors influence the supply
and demand of copper. As society's need for copper increases, new mines and
plants are introduced and existing ones expanded. Land-based resources are estimated at 1.6 billion tons of copper,
and resources in deep-sea nodules are estimated at 0.7 billion tons. The global production of refined copper is around 15 million tons. The major copper-consuming nations are Copper and copper alloy scrap composes a significant share of the
world's supply. The largest international sources for scrap are the Indian Scenario The size of Indian Copper Industry is around 4 lakh
tons, which as percentage of world copper market is 3 %. Birla Copper, Sterilite
Industries are two major private producers and Hindustan Copper Ltd the
public sector producers. Copper goes into various usage such as Building, Cabling for power
and telecommunications, Automobiles etc. Two major states owned
telecommunications service providers; BSNL and MTNL consume 10% of country's
copper production. Growth in the building construction and automobile sector
would keep demand of copper high. |
|
World Copper Markets |
|
LME and NYMEX are the two international markets, which provide
direction to the copper prices. The eight leading refining nations, viz., United States,Japan,
Chile, Canada, Zambia, Belgium, and the Federal Republic of Germany account
for 67% of total refined metal production. |
|
Factors Influencing Copper Markets |
|
Copper prices in World copper mine production through exploration of new mine and
expansion of existing mine. Economic growth of the major consuming countries such as China,
Japan, Germany etc. Growth and development in the Building, electronics and electrical
industry. |
|
Disclosures/Disclaimers:The Calls/materials
contained/made herein are for information purpose and are not recommendation
to any person to buy or sell any commodities/securities. The information is
derived from sources, that are deemed to be reliable but its accuracy and
completeness are not guaranteed. The author does not accept any liability for
the use of this column. Readers of this column who buy or sell securities
based on the information in this column are solely responsible for their
action. We may or may not have any position in given stock. If any other
entity, individual or service provider also giving the same script and
recommendation than we are not responsible for that. By continuing to read or
referring to material contained, you have read and agreed to the disclosure
& disclaimers mentioned & published. |