July 25, 2007
FOR IMMEDIATE RELEASE
NEW YORK, NY— U.S. copper usage dipped slightly to 7,461 million pounds in 2006, a 2.6% decrease from 2005's 7,660 million pounds. Exports of mill products in 2006 rose for the fourth year in a row, up 2.0% to 920 million pounds. Imports, at 1,238 million pounds, were up 5.9% from 2005.
U.S. copper mine production increased by 5.1% to 2,642 million pounds from the 2005 level of 2,514 million pounds, according to "Annual Data 2007 - Copper Supply and Consumption, 1986-2006," published this month 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 at www.copper.org under Market Data.
Electrowon copper production was down 4.6% at 1,168 million pounds, and smelter production at 1,104 million pounds declined 4.3%. Total production of refined copper at 2,756 million pounds dipped 0.4% from 2005 levels, and consumption of refined copper at 4,690 million pounds was down 6.4%. The direct consumption of scrap was increased by 2.4% at 2,078 million pounds.
Building construction (3,946 million pounds) continued to be the largest end-use market for copper products, accounting for half, 50.6%, of total U.S. usage. Electrical and electronic products (1,500 million pounds) accounted for 19.3% of total usage; transportation equipment (814 million pounds), 10.5%; consumer and general products (829 million pounds), 10.7%; and industrial machinery and equipment (691 million pounds), 8.9%.
CD-ROM copies of " Annual Data 2007 - Copper Supply and Consumption, 1986-2006," are available for $10.00 each from the Copper Development Association Inc., 260 Madison Avenue, New York, NY 10016, or by calling 800-232-3282.
COMPOSITION OF END-USE MARKETS
- Building Construction: building wire, plumbing and heating, air conditioning and commercial refrigeration, builders hardware, architecture.
- Electrical and Electronic Products: power utilities, telecommunications, business electronics, lighting and wiring devices.
- Industrial Machinery and Equipment: in-plant equipment, industrial valves and fittings, non-electrical instruments, off-highway vehicles, heat exchangers.
- Transportation Equipment: automobiles, trucks and buses, railroads, marine, aircraft and aerospace.
- Consumer and General Products: appliances, cord sets, military and commercial ordnance, consumer electronics, fasteners and closures, coinage, utensils and cutlery, miscellaneous.
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.