Imports of refined copper have increased dramatically from a little over a 100 thousand tonnes in 2008 to over 300 thousand tonnes in 2015. Investment into Smelting capacities are picking up pace with primary producers targeting to nearly double capacities in the coming years. Indian consumption when compared to its population has always been very low and years of investment in infrastructure have not resulted in increase in copper intensity. Copper also faces subtle threats of substitution from Aluminium being a lower cost alternative.
With the above as a backdrop, this report focuses on the expected trends in consumption. A detailed industry wise analysis has been conducted to forecast each sectors refined copper consumption upto the year 2020 -21. Forecasts on expected spot prices have also been provided. Finally, two scenarios of production and consumption have been provided with relevant arguments in each case to empower the user of this report for taking crucial business decisions.
This report also contains data and trends in global refined copper production and consumption, trends in Indian export and import data to aid further research into the topic. Econometric models, statistical tools and purposive sampling have been employed in preparing this report.
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