The International Copper Study Group (ICSG) is an intergovernmental organization that serves to increase copper market transparency and promote international discussions and cooperation on issues related to copper. The ICSG publishes The World Copper Factbook 2016 which encompasses topics including copper mining, production, trade, and usage. According to the Factbook,
The USGS 2017 Mineral Commodity Summary on Copper also offers some useful information on copper usage:
Recycling copper extends its useful life, so much so that, as reported on CopperAlliance.org, 75% of copper produced since 1900 is still in use. Because recycled copper retains it electrical conductivity, it not only helps increase energy efficiency in many power systems but the copper recycling process consumes up to 85% less energy than its primary production, representing an annual savings of 40 million tons of CO2. In many renewable energy systems, 12-times more copper is used than in traditional systems to ensure efficiency.
Using recycled metals is becoming more prevalent so manufacturers must analyze incoming raw materials carefully to ensure the elements in the materials will not be detrimental to the product, or ultimately their brand. To ensure they are shipping quality products, portable XRF analyzers can be utilized throughout the facilities to inspect all incoming metals against paperwork, for quality checks upon receipt of the raw material scrap, and for final analysis of the finished product before the material leaves the facility.
Note: The ICSG met in Lisbon, Portugal in October 2016 to discuss key issues affecting the global copper market. Read their press release, Copper Market Forecast 2016-2017.
For more blog articles about copper, read Copper Compendium: The Whole Story.