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, 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.
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:
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.
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