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Major Copper Producers Globally

Secondary Copper Trade—At a Glance

Secondary Copper Trade—At a Glance

 

  • Chile is the copper epicenter: Codelco (9 mines, 1,423 KT) and BHP/Anglo/Glencore run major portfolios there.
     
  • Freeport-McMoRan anchors production in Indonesia (747 KT) and the USA (607.5 KT across 7 mines).
     
  • Andean–African corridor: Peru, DRC, Zambia host large assets for Anglo American, Glencore, First Quantum.
     
  • Australia adds BHP (232 KT) and Glencore (30 KT). Overall, a handful of miners control multi-continent supply.

Secondary Copper Trade—At a Glance

Secondary Copper Trade—At a Glance

Secondary Copper Trade—At a Glance

 

  • Supply flows from South America, Australia, USA, and EU to Asia.
     
  • Big importers: China (net +1.98 MT) and India (net +0.310 MT); also strong demand in Japan & South Korea.
     
  • Key exporters: EU (net −1.0 MT), USA (net −0.88 MT), Japan (net −0.375 MT), plus South America & Australia.
     
  • Net effect: Western producers ship scrap/secondary Cu to Asian smelters and manufacturers, powering global copper recycling and manufacturing supply chains.

Secondary Cu Raw Material Flow

Secondary Copper Trade—At a Glance

Journey of Indian Copper in last decade

 

  • USA: 0% import duty on copper scrap; strong incentives—tax credits/deductions plus federal Recycling & Sustainable Materials grants.
     
  • EU: 0% scrap duty across most member states; guided by the 2020 Circular Economy Action Plan (CEAP).
     
  • China: 0% duty on scrap; 4% tax on copper rod imports; smelters increasingly use 20–25% scrap in feed.
     
  • Japan: Deposit-refund schemes, tax exemptions, and the Home Appliance Recycling Law mandating copper recovery.
     
  • India: Basic customs duty cut to 0% (Union Budget 2025–26); National Scrap Recycling Policy launched to formalize and streamline the sector.

Journey of Indian Copper in last decade

Journey of Indian Copper in last decade

Journey of Indian Copper in last decade

 

  • 2015: MMDR Act ushers in transparent auctions of mineral blocks.
     
  • 2018–20: 2 CL copper blocks auctioned; HCL ICC smelter shut; Vedanta Tuticorin plant closed.
     
  • 2021: Adani starts a 0.5 MTPA refinery (plus 0.5 MTPA by 2029). Duties eased—scrap 5%→2.5%, concentrate 5%→2.5%; PLI support for copper tubes.
     
  • 2022: Vedanta wins a CL block; Govt lists 30 critical minerals (incl. copper).
     
  • 2023: QCO notified for 9 copper product standards; two more CL blocks auctioned.
     
  • 2024: Concentrate BCD cut to 0%; Reverse Charge Mechanism applied to metal scrap.
     
  • 2025: Customs duty eliminated on waste & scrap of several critical minerals, including copper.
     

India’s Copper Smelting Capacity

Journey of Indian Copper in last decade

Copper & the Circular Economy — In Brief

 

India Copper Flow (FY24) — Snapshot

  • Domestic mining is tiny: only 2% of supply is extracted/processed in India.
     
  • The system runs on imports + recycling: 29% from processing imported concentrates/anodes/blister, 38% from recycling (EoL products & imported scrap), and 31% from direct imports of cathodes/semis/OEMs.
     
  • Net cathode available: 0.844 MT (0.509 MT domestic + 0.335 MT net imports).
     
  • Scrap to direct melting: ~0.66 MT (0.368 MT domestic + 0.291 MT net imports).
     
  • Net copper semis to end-use: 1.72 MT (1.503 MT domestic + 0.22 MT net imports).
     
  • Key refiners active: Hindalco (Birla Copper), Adani, Vedanta.
     

Copper & the Circular Economy — In Brief

Journey of Indian Copper in last decade

Copper & the Circular Economy — In Brief

 

  • Copper is 100% recyclable with no loss of properties—recycled copper is identical to mined copper.
     
  • 32% of global copper demand is met by recycled copper; around 40% of all copper in circulation today is from recycling.
     
  • India recycles only ~1%, highlighting a large opportunity to scale collection and processing.
     
  • Circular flow: factory & consumer scrap → dealers/collection → re melting → semi-finished products → end-use → return—keeping copper in use longer and cutting carbon and costs.
     

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