Surrvey of Copper Industry in China
Now China is the largest copper producer and consumer in the world and its demand for copper will keeps strong in the future, thanks to the steady increase in copper output in recent years. However, China is confronted with tight supply and high price of copper, thus, Chinese government has carried out several regulations on copper industry to upgrade the industry and protect the environment.
Copper ore is widely but unevenly distributed in china, with Tibet, Yunnan and Jiangxi being the largest holders of copper reserve. The output of most cathode copper manufacturers in China was continuously increasing in the last 10 years. And many manufactures has expanded or going to expand their copper production capacity by improving the production line or investing a new project in 2010. In the future, sharply increasing demand and Chinese government’s policies will drive Chinese copper production to increase continuously.
Although China is the largest copper production base, there is big gap between supply and demand. China highly depends on imported copper ore, with its self-sufficiency rate witnessing downtrend in last 5 years and its import volume of copper reaching 3.11 million tonnes in 2009. And its self-sufficiency rate was 35.96%in 2009.
SHFE copper price experienced a rapid growth and then a steep dive in the period from 2007-2009, and recovered at the end of 2009. In 2010, SHFE copper price will maintain in the range of USD8,000/t~USD8,900/t. And Chinese demand and weak USD would be the most important factor influencing the copper price in the coming 5 years.
In this report, CCM mainly focuses on the following aspects:
Copper ore is widely but unevenly distributed in china, with Tibet, Yunnan and Jiangxi being the largest holders of copper reserve. The output of most cathode copper manufacturers in China was continuously increasing in the last 10 years. And many manufactures has expanded or going to expand their copper production capacity by improving the production line or investing a new project in 2010. In the future, sharply increasing demand and Chinese government’s policies will drive Chinese copper production to increase continuously.
Although China is the largest copper production base, there is big gap between supply and demand. China highly depends on imported copper ore, with its self-sufficiency rate witnessing downtrend in last 5 years and its import volume of copper reaching 3.11 million tonnes in 2009. And its self-sufficiency rate was 35.96%in 2009.
SHFE copper price experienced a rapid growth and then a steep dive in the period from 2007-2009, and recovered at the end of 2009. In 2010, SHFE copper price will maintain in the range of USD8,000/t~USD8,900/t. And Chinese demand and weak USD would be the most important factor influencing the copper price in the coming 5 years.
In this report, CCM mainly focuses on the following aspects:
- Major copper producers in China in 2010
- New and potential copper capacity in China in recent years
- Copper production situation in China from 2005 to 2009
- Copper ore reserves situation in China from 2003 to 2009
- Copper price in China from 2007 to 2009
- Copper price trend in China in 2010-2015
- Opportunities in this industry
Contents
Executive summaryMethodology and definitions
I OVERVIEW OF CHINESE COPPER INDUSTRY
I-1Supply and demand of copper
I-2 Policies and regulations on copper industry and trade policies
II COPPER PRICE
II-1 Futures market of copper
II-2 Spot market of copper
II-3 Copper price trend in 2010-2015
III COPPER RESOURCE IN CHINA
III-1 Copper reserves and distribution
III-2 Copper ore output in 2009
IV COPPER PRODUCTION IN CHINA
IV-1 Capacity of copper 2009
IV-1-1 Crude copper
IV-1-2 Refined Copper
IV-2 Cathode copper output
IV-2-1 Geographical distribution of cathode copper production
IV-2-2 Production concentration of electrolytic copper producers
IV-2-3 Output changes in 2005-2009
IV-3 Introduction to copper producers
IV-3-1 Tongling Nonferrous Metals Group Co., Ltd?
...
IV-3-18 Yunnan Copper Group
V CONCLUSION
LIST OF TABLES
Table II-3-1 Grade of influencing factors for copper price
Table III-1-1 Copper ore reserves of each province, 2009
Table IV-1-1-1 New capacity of refined copper that will start running in recent years
Table IV-2-1 Geographical distribution of cathode copper, 2009
Table IV-2-2 Output of cathode copper producers, 2009
LIST OF FIGURES
Figure I-1-1 Consumption of refined copper, 2005~2009
Figure II-1-1 SHFE copper price, 2007~May. 2010
Figure II-2-1 Copper price for spot market, 2007~May. 2010
Figure II-3-1 Output and import volume of refined copper in China, 2005~ Mar. 2010
Figure II-3-2 Correlation of the copper price and USD index, 2009
Figure III-1-1 Copper ore reserves distribution in China, 2009
Figure III-1-2 Newly-found copper ore reserves in China, 2003~2008
Figure III-1-3 Copper ore reserves share in China by province, 2009
Figure III-1-4 Copper ore reserves share in China by deposit type, 2009
Figure III-2-1 Copper ore output (copper content), 2005~2009
Figure III-2-2 Import volume of copper ore (copper content), 2006~2009
Figure III-2-3 Self-sufficiency rate of Chinese copper ore, 2006-2009
Figure IV-1-1-1 Treatment charges, 2005~2009
Figure IV-1-1-2 Crude copper capacity in China, 2006 ~ 2009
Figure IV-1-2-1 Refined copper capacity in China, 2006~2009
Figure IV-1-2-2 Import volume of refined copper in China, 2006~2009
Figure IV-2-1 Monthly output and price of cathode copper, 2009
Figure IV-2-2 YCC’s output and growth rate of cathode copper, 2005~2010
Figure IV-2-3 Cathode copper output in China, 2005~2009
COMPANIES MENTIONED
Jiangxi Copper Company Limited., Tongling Nonferrous Metals Group Co., Ltd., Jinchuan Group Limited, Yunnan Copper Group, Hubei Daye Non-Ferrous Metals Company Skip to top