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Print[Ferro-Alloys.com] Global annual refined copper usage increased by 31% over the 10-year period from 15.2 Mt to 19.9 Mt (annual growth rate of 3.1%), as per “2012 Statistical Yearbook” released by International Copper Study Group (ICSG).
According to ICSG data, the growth was driven by China where apparent usage over the 10-year period increased by around 5.1 Mt (+185%) and its share of world usage grew to 40% from 18% in 2002.
World usage excluding China decreased by 3.7% (465,000 t) during the period, with particularly weak usage in 2008 and 2009 due to the world economic recession.
On a regional basis, usage grew in Africa by 70% (115,000 t), in Asia ex-China by 8% (310,000 t), and in Europe ex-EU by 90% (550,000t). Usage decreased in the Americas by 18% (605,000 t), in the EU by 19% (770,000 t), and in Oceania by 36% (67,000 t).
According to ICSG data, world copper mine production rose by 18% during the 10-year period from 13.6 million metric tonnes (Mt) in 2002 to 16 Mt in 2011: copper in concentrates rose by 15% while solvent extraction-electrowinning (SX-EW) production rose by 31%.
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