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Gold/Mining/Energy : Copper - analysis

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From: LoneClone	4/9/2007 11:30:46 AM
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Copper consumption expected to rise in India on industrial demand Source: Hoovers India's copper consumption should grow by 6%-7% on year to 468,000 metric tons in 2007, as rapid economic growth fuels copper demand from the power, construction and services sectors, a senior industry official said Monday. As a result the utilization of India's installed copper smelting and mining capacities might rise. India has an installed copper smelting and refining capacity of more than 1 million tons, but in 2006 around 750,000 tons of copper was smelted and refined. India's mined copper production was around 25,000 tons in 2006.

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