U.S. Copper Consumption Reaches Record High, Again

July 10, 2001

FOR IMMEDIATE RELEASE

NEW YORK, NY— For the fifth-straight year domestic consumption of copper and copper alloy mill products reached a record high. The 2000 level of 9,551 million pounds is a 4.2% increase from the revised 1999 level of 9,169 million pounds and a 25.9% increase from 1995 levels. Exports of mill products in 2000 continued to grow also, up 11.3% at 890 million pounds, versus imports of 1,380 million pounds, an increase of 24% over the previous year.

U.S. copper mine production dropped to 3,247 million pounds from last year's all-time high of 4,220 million pounds, according to "Annual Data 2001 - Copper Supply and Consumption, 1980-2000," 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 and may be viewed on CDA's Web Site.

Electrowon copper production was down 3.4% at 1,248 million pounds, while smelter production at 2,202 million pounds represented a decline of 23.0%. Total production of refined copper at 3,975 million pounds was 20.8% behind the previous year, and consumption of refined copper at 6,487 million pounds was down 0.4%. The direct consumption of scrap was up 0.8% at 2,422 million pounds.

Building construction continued to be the largest end-use market for copper products, accounting for nearly two-fifths, 39.1%, of total U.S. consumption. Electrical and electronic products accounted for 27.6% of total usage; transportation equipment, 11.5%; industrial machinery and equipment, 10.6%; and consumer and general products, 11.2%.

The Copper Development Association Inc. is the technical and market development arm of the copper, brass and bronze industry in the United States.

###

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

Learn more at our Blog thinkcopper.org.

Follow us on Twitter at twitter.com/thinkcopper.