Copper

Copper Latest News

Recently, copper prices recorded a fresh all-time high in December, with the benchmark price climbing to over $12,000 per tonne on the London Metal Exchange (LME). 

About Copper

• Copper is a naturally occurring chemical element with the symbol Cu.
• It is a highly versatile and essential metal, and has been at the core of human development for over 10,000 years.
• Occurrence: It is found as a free metal in nature. It also occurs in minerals like chalcocite, chalcopyrite, and bornite.

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Properties of Copper

• Physical Properties: It is known for its high conductivity, malleability, and corrosion resistance.
• Recyclability: Copper is 100% recyclable without any loss in quality, making it an eco-friendly metal.

Major Copper Reserves in India and World

• Rajasthan: Khetri and Jhunjhunu belt.
• Madhya Pradesh: Malanjkhand mine, the largest open-pit copper mine in India.
• Jharkhand: Singhbhum copper belt.
• Major Countries with Copper Reserve: Chile, Australia, Peru and Russia

Applications of Copper

• Electrical Industry: Used in wiring, motors, and transformers due to its high conductivity.
• Construction: Roofing, plumbing, and heating systems utilize copper.
• Automobile Industry: Essential for wiring, radiators, and connectors.
• Electronics: It is used in integrated circuits and semiconductors rely heavily on copper.
• Renewable Energy: It is crucial for wind turbines, solar panels, and electric vehicles.

Source: IE