Friday, March 28, 2008

Copper Facts

Production & Consumption
U.S. copper mine production in 2002 dropped to 2,516 million pounds from 2001's 2,954 million pounds.
The 2002 level of 7,313 million pounds is a 6.0% decrease from the revised 2001 level of 7,780 million pounds.
Exports of mill products in 2002 continued to decline also, down 7.1% at 735 million pounds versus imports of 909 million pounds, a decrease of 10.0% from 2001 levels.
Building construction continued to be the largest end-use market for copper products, accounting for more than two-fifths, 46.3% (3,384 million pounds), of total U.S. consumption. Other end-use markets:
Electrical and electronic products - 22.7%(1,662 million pounds)Transportation equipment - 10.2%(744 million pounds)Consumer and general products - 10.9%(798 million pounds)Industrial machinery and equipment - 9.9%(725 million pounds)
The most current annual market data figures may be found in the market data section.