U.S. Copper Consumption Reaches Record High

July 13, 1998


NEW YORK, NY— Domestic consumption of copper and copper alloy mill products reached a record high in 1997 of 8,310 million pounds, a 5.3% increase from the revised 1996 level of 7,890 million pounds. Exports of mill products in 1997 continued to grow also, up 11.9% at 766.1 million pounds, versus imports of 912.8 million pounds, an increase of 12.9% over the previous year.

U.S. copper mine production rose also to an all-time high of 4,220 million pounds, according to " Annual Data 1998 - Copper Supply and Consumption, 1977-1997" published recently by the Copper Development Association Inc. The report covers the industry's vital statistics from mine to end-use market over the past two decades.

Electrowon copper production was up 1.2% at 1,280 million pounds, while smelter production at 3,810 million pounds represented an increase of 5.4%. Total production of refined copper at 5,389 million pounds was 4.4% ahead of the previous year, and consumption of refined copper at 6,080 million pounds was up 5.8%. The direct consumption of scrap was up 7.0% at 2,326 million pounds.

Building construction continued to be the largest end use market for copper products, accounting for more than two-fifths (41.8%) of total U.S. consumption. Electrical and electronic products accounted for 24.8% of total usage; transportation equipment, 12.8%; industrial machinery and equipment, 11.5%; and consumer and general products, 9.1%.

" Annual Data 1998 - Copper Supply and Consumption, 1977-1997," is now available both in print and online. Readers may obtain copies of this publication for $10.00 each from the Copper Development Association Inc., 260 Madison Avenue, New York, NY 10016.


The Copper Development Association is the information, education, market and technical development arm of the copper, brass and bronze industries in the USA.

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