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COPPER BULLETIN

December 2007

INTERNATIONAL COPPER STUDY GROUP Monthly Publication

Vol. 14 No. 12

www.icsg.org

International Copper Study Group Tel: 351 - 21 - 351 3870 Rua Almirante Barroso, n. 38, 6th Floor Fax: 351 - 21 - 352 4035 1000-013 Lisbon http://www.icsg.org Portugal E-mail: [email protected] INTERNATIONAL COPPER STUDY GROUP OFFICERS FOR 2007 Chairperson Mr Hiroshi Asahi (Japan) Vice-Chairperson Mr Carlos Caxaria (Portugal) Vice-Chairperson Mr Bian Gang (China) STANDING COMMITTEE Chairperson Mr Christian Brittle (U.S.A) Vice-Chairperson Mr Alejandro Alarcón Garza (Mexico) Finance Committee Chairperson Mr Henrique Santos (Portugal) ENVIRONMENTAL AND ECONOMIC COMMITTEE Chairperson Ms Ajita Bajpai Pande (India) Vice-Chairperson Ms Magdalena Grabowska (Poland) STATISTICAL COMMITTEE Chairperson Mr Daniel Edelstein (U.S.A.) Vice-Chairperson Ms Ana Zúñiga (Chile) INDUSTRY ADVISORY PANEL Chairperson Mr Simon Payton (IWCC) SECRETARIAT Secretary-General Mr Don Smale ([email protected]) Chief Statistician Ms Ana Rebelo ([email protected]) Head of Environment and Economics Mr Carlos Risopatron ([email protected]) Economist Mr Joseph Pickard ([email protected]) Secretary Ms Fátima Cascalho ([email protected])

ICSG Copper Bulletin - December 2007

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ICSG COPPER BULLETIN

December 2007 Contents

THE INTERNATIONAL COPPER STUDY GROUP DEFINITIONS AND EXPLANATORY NOTES ACKNOWLEDGEMENTS SUMMARY TABLES TABLE 1. World Refined Copper Production and

Usage Trends TABLE 2. Copper Mine, Smelter, and Refinery Pro-

duction by Geographical Area COPPER STATISTICS TABLE 3. World Copper Mine Production TABLE 4. World Copper Smelter Production TABLE 5. World Copper Refinery Production TABLE 6. World Copper Production by Solvent

Extraction and Electrowinning Processes TABLE 7. World Refined Copper Usage TABLE 8. Refined Copper Stocks A. At Metal Exchanges B. At Producers, Consumers and Merchants TABLE 9. LME, COMEX and U.S. Producers Prices TABLE 10 World Copper and Copper Alloy Semifab-

ricates Production

Page

4

5

7

9

10

11 13 15 18

19

20 21

22 23

WORLD TRADE IN COPPER TABLE 11. Copper Ores and Concentrates A. Imports B. Exports TABLE 12. Copper Blister and Anodes A. Imports B. Exports TABLE 13. Refined Copper A. Imports B. Exports TABLE 14. Copper Alloy Ingots A. Imports B. Exports TABLE 15. Copper and Copper Alloy Semifabricates A. Imports B. Exports TABLE 16. Copper and Copper Alloy Scrap A. Imports B. Exports CHART 1. Trends in World Refined Copper Stocks and Price 2007 The contents of this publication may not be

photocopied, distributed, scanned into electronic form, or otherwise reproduced in whole or in part, without express permission of the International Copper Study Group. Reasonable extracts are per-mitted for the purpose of comment or review pro-vided the International Copper Study Group is ac-knowledged as the source.

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25 26

27 28

29 30

31 33

35 38

41 43

8

SPECIAL SECTION

TABLE 17. Copper balances of select countries Argentina Australia Belgium China Finland France Indonesia Iran Italy Mexico Peru Poland Sweden Taipei, China United Kingdom

p45 p47 p49 p51 p53

Brazil Canada Chile Germany Greece India Japan Kazakhstan Korean Rep. Portugal Russian Fed. Spain United States Serbia Zambia

P46 P48 P50 P52 P54


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THE INTERNATIONAL COPPER STUDY GROUP

Introduction The International Copper Study Group (ICSG) was formally established as an autonomous intergovern-mental organisation on January 23, 1992, following a series of Ad Hoc meetings sponsored by the United Nations (UNCTAD) in 1986 and 1987 to review the world situation of copper and discuss the need for such a body. A negotiating conference was convened in June 1988 and, by February 1989, the terms of ref-erence were finalised. The inaugural meeting was held in June 1992, and in November 1992, the Group’s headquarters site was selected to be Lisbon, Portugal. Objectives and Functions The mandate of the Study Group provides for en-hanced co-operation on issues related to copper and a forum in which governmental consultations on copper can be held. The Study Group is to provide a forum for all market participants, both producers and con-sumers, to examine their common problems and carry out open dialogue and free exchange of information. Greater market transparency is an important goal of the Group through more complete reliable and up-to-date statistics, as well as through special investiga-tions and studies. Greater transparency in the market should aid companies in choosing correct market strategies. A better balance between supply and de-mand is thus more likely. The principal functions of the Group are to conduct consultations and exchanges of information on the international copper economy; to improve statistics on copper; to undertake studies on issues of the Group; and to consider special problems or difficulties that exist or may arise, in the international copper econ-omy. The Group shall hold discussions among mem-bers and third parties, such as copper research and market development organisations, on ways and means of increasing the demand and developing the market of copper, and within this framework, suggest market development studies that would be directed to, and undertaken by, established market development organisations. The Group shall offer to facilitate co-ordination between these organisations and support the extension of market development activities The Study Group will endeavour to provide its mem-bership with the most accurate, comprehensive and timely information on capacities, production, usage, trade, stocks, prices, technologies, research develop-ment, and in other areas that may influence the supply and demand for copper.

International Commodity Body The Study Group was accepted as an “International Commodity Body” (ICB), under the Common Fund for Commodities (CFC). The CFC is an international financial institution financed by contributions from United Nations members. The Common Fund can finance special studies aimed at improving the struc-tural conditions of the market through grants proposed by organisations designated as ICBs. The Study Group may organise discussions between its members, and between them and third parties, in order to con-duct studies and projects related to copper market development and research. If the Study Group re-search is financed by the Common Fund, third party market development and research institutions will carry it out. Membership Membership is open to any country involved in cop-per production, usage, or international trade, and any international governmental organisation competent to negotiate, conclude and implement international agreements, in particular related to commodities. The current members are: Argentina Belgium Chile China Finland France Germany Greece India Italy Japan Luxembourg Mexico Netherlands Peru Poland Portugal Russian Fed. Serbia Spain United States Zambia EU Organisational Structure and Meetings The General Session of member countries is the su-preme authority of the ICSG. The executive head of the ICSG is the Secretary General, assisted by a pro-fessional staff at the Group’s Lisbon headquarters. The detailed work program is co-ordinated by subor-dinate Committees, such as the Standing, Finance, Statistical, Environmental and Economic. An Indus-try Advisory Panel provides expert advice to the Study Group and is composed of copper industry rep-resentatives. The ICSG meets in General Session once a year. Meetings of all committees are held im-mediately ahead of the General Session. A second session is also held near year-end for the Standing, Statistical and Environmental and Economic Commit-tees.


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DEFINITIONS AND EXPLANATORY NOTES PRODUCTION Mine production The goal is to achieve uniform contained copper sta-tistics for mine production. Contained copper is de-fined as the analytical amount of copper outputted in concentrates and precipitates. Where applicable, statistical notation is made for sol-vent-extraction/electrowinning (SX-EW) at the mine level to distinguish this production from copper de-rived from concentrates and cement copper. While only one SX-EW category is shown at the mine level, SX-EW is separated statistically into two marketable types at the smelter and refinery levels. High-grade electrowon (Commercial Cathode) is SX-EW produc-tion that can be treated as refined cathode and sold as such. Low-grade electrowon is SX-EW production that must be re-refined. Smelter Production Smelter production is divided into three groupings relating to the source of material used in producing blister, anode and other smelter-level products. The three categories are: Primary, from concentrates and precipitates; Low-grade electrowon from SX-EW and RLE plants; and Secondary, from scrap materials. Electrowon copper resulting from roast-leach-electrowon (RLE) processes is treated as from con-centrates at the mine-level and, as from electrowin-ning at the smelter and refinery levels. Low-grade electrowon from scrap is included in secondary smelter-production. To avoid double counting blister and anode, purchased and returned anode is excluded. Copper of Cu-Ni-matte is treated as smelter produc-tion at the source. Refinery Production Refinery production is broken into three statistical source categories: Primary (electrolytic and fire-refined); Secondary (electrolytic and fire-refined); and Electrowon (High-grade SX-EW) refined produc-tion. Electrowon from copper-nickel matte is in-cluded in the primary category where this is neces-sary. USAGE Recognising that metals are not consumed, but rather used, and therefore available for future reuse and re-cycling, the ICSG refers to refined copper production and refined copper usage in its reports. Copper usage represents refined copper used by semi-fabricators, i.e., at wire-rod mills, brass mills, foun-dries, chemical plants and other miscellaneous manu-facturers. Usage data is either directly reported by the country, or the Secretariat estimates an apparent usage using the following formula: Refined copper produc-

tion + refined imports - refined exports + refined be-ginning stocks - ending stocks. Some countries, such as Canada, use shipments of refined copper where stocks at consumers and producers are inherently con-sidered. Metal Exchanges warehouse stocks are treated according to the trade reporting scheme of a particular country. For many countries, some of the parts of this formula are missing, i.e., some countries do not produce refined copper or hold refined stocks. Trade data is available for most countries STOCKS Refined copper stocks are reported where held by the exchanges, the London Metal Exchange (LME), the Commodity Metal Exchange (COMEX), New York, Shanghai Futures Exchange (SHFE) and by consum-ers, producers and governments. Merchant stocks are included where it is certain that these are nonduplica-tive to those already reported. Only refined products at plant sites are included. Items such as wire rod, tube and other semifabricated forms are not included. TRADE Trade in all forms of crude, unwrought, wrought and semifabricated products and scrap are reported. In the case of semifabricates, only the major groupings are shown. Trade in copper and copper alloy ingot and master alloys are reported. Although there are more than 370 copper and copper alloys cast, the ingot type is not identified in the trade classes. Master alloys and hardeners are copper based alloys cast with high alloying element content and are used for producing copper alloys. Quantities reported are indicated on the tables. Most data is in copper content, but where gross weight is reported, this is indicated on the table. In the case of copper ores and concentrates, most countries only report trade in gross weight. In this case, estimates of copper content of concentrates are made on information available. Trade data originates from reporting countries.


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Harmonised System Trade Codes for Copper and Copper Products used in ICSG Copper Bulletin Tables

Ores & Concentrates 2603 Matte 7401 10 Cement Copper (Precipitates) 7401 20 Blister & Anode 7402 Refined Copper Cathodes

Wire Bars Billets Other

7403 11 7403 12 7403 13 7403 19

Ingots Copper Alloy -Cu-Zn -Cu-Sn -Cu-Ni, Cu-Ni-Zn -Other

7403 21 7403 22 7403 23 7403 29

Master Alloy 7405 Total

-Bars & Profiles -Wire -Plates, Sheets & Strips -Foils, Not Backed -Tubes -Powders & Flakes

7407 7408 7409 7410 1 7411 7406

Semifabricates Copper -Bars & Profiles -Wire (Rod) --Section > 6 mm --Other -Plates, Sheets & Strips --In Coils --Other -Foils -Tubes

7407 10 7408 11 7408 19 7409 11 7409 19 7410 11 7411 10

Copper Alloy -Bars & Profiles --Cu-Zn --Cu-Ni, Cu-Ni-Zn --Other -Wire --Cu-Zn --Cu-Ni, Cu-Ni-Zn --Other -Plates, Sheets & Strips --Cu-Zn, in Coils --Cu-Zn, Other --Cu-Sn, in Coils --Cu-Sn, Other --Cu-Ni, Cu-Ni-Zn --Other -Foils -Tubes --Cu-Zn --Cu-Ni, Cu-Ni-Zn --Other

7407 21 7407 22 7407 29 7408 21 7408 22 7408 29 7409 21 7409 29 7409 31 7409 39 7409 40 7409 90 7410 12 7411 21 7411 22 7411 29

Total 7404 Scrap Copper 7404 00 10 Copper Alloy -- Cu-Zn

-- Other 7404 00 91 7404 00 99


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PRICES Refined copper prices not only relate to the refined shape and its quality, but also to the manner in which it is priced; i.e., through producer's annually negoti-ated contracts, or through the commodity exchanges. Refined copper prices reported in this bulletin are the average high grade cathode spot price at the London Metal Exchange and at the COMEX, and the U.S. Producer Price. The U.S. producer price is based on estimated U.S. refined cathode selling prices of U.S. producers, quoted on a delivered basis. The producer price is weighted by each producer's estimated share of shipments. Futures contracts have changed gradu-ally over the years to correspond to the most active markets. At the end of December 1989, COMEX dropped the standard contract, and adopted a high-grade contract. The LME dropped its standard cath-ode contract in January 1989 and currently trades only the Grade A (high-grade) cathode contract. Copper has been traded internationally on the LME since January 1, 1877. Trading on the COMEX began on May 15, 1929. GEOGRAPHIC GROUPINGS The geographic groups used in this report include the following countries: America -- North, Central and South American coun-tries.

Africa -- Includes all African countries.

Europe -- Includes all European countries, including Turkey. All of the former U.S.S.R. countries are in-cluded in Europe, unless otherwise noted. Asia -- Includes countries of both the Middle East and the Far East, such as China, Israel, Iran, India, Indo-nesia, Japan, Mongolia, Pakistan, Philippines, South and North Korea, and Thailand.

Oceania -- Includes Australia, Papua New Guinea and New Zealand.

EU-15 -- Includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Swe-den and United Kingdom. EU-25 – Includes EU-15 countries plus Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia.

EU-27 -- Includes EU-25 countries plus Bulgaria and Romania.

RECYCLING Scrap statistics are collected at each processing level. Refined secondary material represents scrap that has been fire-refined, or that has been converted to anode at the smelter level and then electrolytically refined. Direct, or Remelt scrap is secondary material that can be used directly in a furnace without cleanup through the use of fluxes and poling and re-refining. Remelt scrap is made up largely of purchased "new" or "manufacturing” return scrap, whereas most scrap for refining is made up of "old" used copper items. New scrap has a shelf life of only a few months, whereas old scrap has an average shelf life of about 20 years. Old scrap is considered to be a resource that competes with newly mined material. Refined scrap is ap-proximately 70% old scrap, on average. Trade is re-ported in two general scrap types, unalloyed copper scrap and alloyed copper-base scrap. Ashes and resi-dues are generally made up of materials containing less than 30% copper. QUANTITIES All quantities in this report are in metric tonnes unless otherwise indicated. Prices will be given in cents per pound and U.S. dollars per metric tonne. Most items are in copper content. Gross weight items are indi-cated on the tables. SYMBOLS Estimates are indicated in italics. A zero will appear where the amount is less than one-half unit. A (p) indicates preliminary data and blank spaces indicate no available data, or zero quantity. All explanatory footnotes will appear at the end of tables. World To-tals are independently calculated, consequently they may not add to the detail shown in the tables. Ton-nes-per-year may be abbreviated as tpy. ACKNOWLEDGEMENTS Compilation of this Bulletin is made possible thanks to the cooperation of member and non-member gov-ernments, public and private sector statistical organi-sations, international organisations, industry associa-tions and companies, and market and research institu-tions.


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CHART 1

0

75

150

225

300

375

450

525

600

675

750

825

900

975

1,050

1,125

1,200

1,275

1,350

1,425

1,500

1,575

1,650

1,725

1,800

1,875

1,950

2,025

2,100

2,175

2,250

2,325

2,400

2,475

2,550

2,625

Jan 00 Jul 00 Jan 01 Jul 01 Jan 02 Jul 02 Jan 03 Jul 03 Jan 04 Jul 04 Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul-07

Thou

sand

met

ric to

nnes

, cop

per

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

150

160

170

180

190

200

210

220

230

240

250

260

270

280

290

300

310

320

330

340

350

360

370

Pric

e LM

E (U

S c

ents

/pou

nd)

Exchanges ProducersMerchants ConsumersPrice LME (UScents/pound) 3 mth moving average copper usage seasonally adjusted

Trends in World Refined Copper Stocks and Price

Stocks are end of period. Prices are averages for the period.


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TABLE 1. WORLD REFINED COPPER PRODUCTION AND USAGE TRENDS 2001-2007

Thousand metric tonnes, copper2001 2002 2003 2004 2005 2006 2006 2007

p/ Jan-Sep Jun Jul Aug Sep

World Mine Production 13,634 13,578 13,758 14,595 14,923 15,015 10,913 11,450 1,276 1,267 1,238 1,279

World Mine Capacity 14,431 15,102 15,284 15,859 16,638 16,971 12,687 13,155 1,451 1,503 1,507 1,463

Mine Capacity Utilization (%) 94.5 89.9 90.0 92.0 89.7 88.5 86.0 87.0 87.9 84.3 82.2 87.4

Primary Refined Production 13,746 13,436 13,464 13,839 14,411 14,776 10,979 11,468 1,261 1,266 1,278 1,305

Secondary Refined Production 1,892 1,898 1,792 2,076 2,177 2,601 1,924 2,063 229 232 227 235

World Refined Production (Secondary+Primary) 15,638 15,334 15,256 15,915 16,588 17,377 12,903 13,531 1,491 1,498 1,505 1,540

Seasonally Adjusted Refined Production - monthly 1/ 1,303 1,278 1,271 1,326 1,382 1,448 1,442 1,512 1,505 1,497 1,504 1,547

World Refinery Capacity 17,677 18,240 18,741 19,120 20,164 20,630 15,435 16,276 1,799 1,865 1,871 1,816

Refineries Capacity Utilization (%) 88.5 84.1 81.4 83.2 82.3 84.2 83.6 83.1 82.9 80.3 80.5 84.8

Secondary Refined as % in Total Refined Prod. 12.1 12.4 11.7 13.0 13.1 15.0 14.9 15.2 15.4 15.5 15.1 15.2

World Refined Usage 2/ 14,946 15,231 15,716 16,846 16,731 17,122 12,882 13,797 1,548 1,518 1,453 1,515

Seasonally Adjusted World Refined Usage - monthly 1/ 1,246 1,270 1,310 1,404 1,395 1,420 1,413 1,520 1,523 1,515 1,517 1,474

Refined Stocks End of Period 1,992 2,048 1,780 928 855 1,093 842 906 915 875 900 906

Period Stock Change 702 55 -267 -852 -73 238 -13 -187 3 -39 25 6

Refined Balance 3/ 692 103 -461 -931 -143 255 21 -265 -57 -20 53 26

Seasonally Adjusted Refined Balance 4/ 267 -75 -18 -18 -13 73

LME Copper Price 5/ 1,578 1,558 1,780 2,868 3,684 6,727 6,607 7,089 7,476 7,974 7,514 7,649

Comex Copper Price 6/ 72.57 71.69 80.99 129.17 168.31 309.42 305.98 321.74 338.76 361.60 336.78 345.62

p/ Preliminary 1/ See note below on seasonal adjustments. Figures in annual columns represent the seasonally adjusted monthly average for that year. 2/ Apparent refined usage is used for the European Union (EU-15) instead of the accumulation of the individual countries' refined usage. 3/ Surplus or deficit is calculated using total refined production minus refined usage. 4/ Surplus or deficit is calculated using seasonally adjusted total refined production minus seasonally adjusted refined usage. 5/ Averages for the period in US dollars per ton of copper. 6/ Averages for the period in US cents per pound of copper.

Note on seasonal adjustments:

Each month the ICSG issues the above table in a Press Release which is also included in ICSG's web site:

http://www.icsg.org

The International Copper Study Group introduced seasonal adjustments in its supply usage table to help better assess the state of the copper market. The introductionof seasonally adjusted refined usage and refined balance figures was originally intended to account for the effects of variations in days per month and holiday periodsin certain key copper using regions of the world. Starting with the April 2007 edition of the Copper Bulletin (January 2007 data), the International Copper StudyGroup will be using the U.S. Census Bureau's X-12 seasonal adjustment program to calculate seasonally adjusted refined usage, production, and balance figures inorder to provide more analytically rigorous seasonally adjusted results. Seasonal adjustments have also been made for data from past years.

2007


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TABLE 2. COPPER MINE, SMELTER, REFINERY PRODUCTION AND REFINED COPPER USAGE BY GEOGRAPHICAL AREA

Thousand metric tonnes, copper

2002 2003 2004 2005 2006 2006 2007


AFRICAMine 522.2 581.0 611.5 670.0 740.2 525.0 605.3 69.9 70.0 70.0 68.6Smelter 420.3 418.7 435.4 411.7 450.2 314.3 279.9 30.4 30.7 31.1 31.3Refinery 447.1 454.3 508.1 509.3 553.1 402.6 471.8 54.4 52.6 56.6 57.7Refined Usage 165.8 171.3 202.2 228.5 235.7 174.6 190.0 21.1 21.4 23.1 23.3

AMERICAMine 7,752.3 8,039.5 8,867.2 8,831.9 8,901.7 6,465.2 6,837.3 765.2 766.7 741.5 783.1Smelter 3,504.3 3,337.9 3,402.0 3,445.4 3,455.6 2,537.0 2,558.8 290.7 256.5 285.4 313.1Refinery 5,927.1 5,699.1 5,782.3 5,745.0 5,660.6 4,184.0 4,269.7 470.8 445.0 452.1 484.2Refined Usage 3,437.4 3,409.1 3,661.6 3,514.0 3,308.1 2,570.5 2,464.1 294.7 268.2 278.9 254.1

ASIA (post 1992)Mine 2,676.5 2,568.5 2,555.5 2,784.3 2,763.2 1,956.5 2,125.8 235.4 226.9 223.2 225.8Smelter 4,945.8 5,284.7 5,484.0 6,115.9 6,560.1 4,982.6 5,192.3 545.5 565.6 604.5 596.3Refinery 4,967.1 5,287.1 5,662.3 6,299.5 7,025.1 5,234.7 5,708.7 623.0 659.2 665.9 659.0Refined Usage 6,765.8 7,181.5 7,774.9 7,991.9 8,114.7 5,989.5 7,099.6 774.7 773.9 764.7 812.8

EUROPE (post 1992)Mine 1,547.5 1,533.4 1,533.2 1,527.8 1,556.5 1,171.4 1,131.0 122.4 123.6 124.3 124.5Smelter 3,156.0 2,979.9 3,137.8 3,163.8 3,210.9 2,407.5 2,336.0 250.2 269.6 269.9 271.1Refinery 3,450.1 3,331.0 3,472.4 3,565.2 3,709.8 2,757.0 2,759.4 305.2 311.8 300.6 309.2Refined Usage 4,674.5 4,770.9 5,040.3 4,841.4 5,320.4 4,034.7 3,942.5 446.5 443.7 374.4 413.1

OCEANIAMine 1,079.1 1,035.7 1,027.5 1,109.2 1,053.2 794.7 750.2 82.9 79.7 79.6 77.1Smelter 455.9 435.0 443.2 411.9 377.0 285.0 290.5 33.8 27.0 27.0 26.1Refinery 542.6 484.0 490.0 468.8 428.9 324.2 321.7 37.2 29.3 30.2 30.3Refined Usage 187.3 183.3 167.0 155.2 143.4 112.4 100.6 10.9 10.6 11.4 11.5

WORLD TOTALSMine 13,577.7 13,758.1 14,594.9 14,923.2 15,014.7 10,912.8 11,449.6 1,275.6 1,266.9 1,238.5 1,279.1Smelter 12,482.3 12,456.2 12,902.3 13,548.7 14,053.8 10,526.4 10,657.5 1,150.7 1,149.5 1,217.9 1,237.9Refinery 15,334.0 15,255.5 15,915.0 16,587.8 17,377.5 12,902.6 13,531.3 1,490.6 1,497.9 1,505.3 1,540.3Refined Usage 15,230.8 15,716.2 16,846.1 16,731.1 17,122.3 12,881.6 13,796.7 1,547.9 1,517.7 1,452.5 1,514.8

WESTERN COUNTRIESMine 10,993.8 11,133.8 11,849.3 12,234.0 12,139.8 8,781.0 9,325.0 1,036.1 1,027.8 1,003.3 1,042.5Smelter 8,783.6 8,615.5 8,661.6 8,959.5 9,172.9 6,846.1 6,935.6 758.7 718.3 774.8 792.2Refinery 11,741.4 11,436.7 11,580.5 11,836.3 12,150.9 9,022.9 9,303.0 1,015.7 1,005.6 1,006.5 1,044.0Refined Usage 11,651.2 11,732.7 12,435.3 11,978.1 12,259.3 9,308.7 9,136.3 1,046.3 1,022.6 939.7 970.8

EUROPEAN UNION (EU-15)Mine 165.9 176.1 194.9 199.2 185.0 141.9 124.1 11.9 11.3 13.9 13.6Smelter 1,450.0 1,340.3 1,345.3 1,333.2 1,348.9 1,008.7 983.0 104.3 112.8 108.6 109.6Refinery 1,905.4 1,786.7 1,790.3 1,800.7 1,854.8 1,388.8 1,363.4 147.8 153.6 140.3 150.5Refined Usage 3,742.4 3,714.7 3,805.5 3,479.9 3,862.5 2,942.7 2,770.4 318.2 309.8 242.7 279.3

p/ Preliminary data.

AFRICA includes Algeria, Botswana, Congo, Egypt, Morocco, Mozambique, Namibia, South Africa, Tunisia, Zaire, Zambia and Zimbabwe.AMERICA includes Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Cuba, Ecuador, Mexico, Peru, United States and Venezuela.ASIA includes China, Cyprus, Hong Kong (China), India, Indonesia, Iran, Israel, Japan, Malaysia, Mongolia, Myanmar, North Korea, Oman, Pakistan Philippines, Republic of Korea, Saudi Arabia, Singapore, Taipei (China), Thailand, and Vietnam and former U.S.S.R. countries: Armenia, Azerbeijan, Georgia, Kazakhstan, Krygyzstan, Taijikistan and Uzbekistan (according to U.N. classification).EUROPE (post 1992) includes Albania, Austria, Belgium-Luxembourg, Bulgaria, Croatia, Czech Rep., Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Macedonia, Netherlands, Norway, Poland, Portugal, Romania, Spain, Slovakia, Sweden, Switzerland, Turkey, United Kingdom, Serbia and former U.S.S.R. countries: Belarus, Estonia, Latvia, Lithuania, Moldova, Russian Federation and Ukraine (according to U.N. classification).EUROPEAN UNION (EU-15) Includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden and United KingdomOCEANIA includes Australia, New Zealand and Papua New Guinea.NB: WESTERN COUNTRIES will be published as long as requested by clients

2007


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TABLE 3. WORLD COPPER MINE PRODUCTIONThousand metric tonnes, copper

COUNTRY Source 2002 2003 2004 2005 2006 2006 2007

1/ p/ Jan-Sep Jun Jul Aug Sep

Argentina Concentrates 203.7 198.5 176.4 187.3 180.1 143.5 132.6 14.5 16.6 16.6 16.1

Armenia Concentrates 16.6 18.1 17.7 16.4 18.0 13.5 13.0 1.4 1.7 1.5 1.5

Concentrates 790.7 772.6 795.8 865.3 806.4 609.7 599.3 67.3 63.7 63.7 61.6

Australia SX-EW 77.1 67.4 58.3 50.9 52.4 39.7 30.2 3.4 3.1 3.0 3.0

Total 867.8 840.0 854.1 916.2 858.8 649.4 629.5 70.6 66.8 66.7 64.6

Botswana Concentrates 21.6 27.4 22.5 26.3 24.2 18.0 18.1 2.0 1.5 1.4 1.9

Concentrates 30.6 27.3 98.7 130.8 142.9 100.2 147.2 16.4 16.5 16.2 16.0

Brazil SX-EW

Total 30.6 27.3 98.7 130.8 142.9 100.2 147.2 16.4 16.5 16.2 16.0

Bulgaria Concentrates 95.5 92.2 94.1 94.5 110.4 83.7 81.9 9.0 9.0 9.2 9.0

Concentrates 603.5 557.6 562.8 595.5 607.0 444.8 433.0 45.9 43.7 48.6 47.9

Canada SX-EW 1.1 0.2 0.1 0.2 0.2

Total 603.5 557.6 562.8 595.5 607.0 444.8 434.1 46.2 43.9 48.8 48.1

Concentrates 2,978.6 3,251.1 3,776.2 3,735.9 3,669.0 2,631.9 2,706.4 311.4 305.0 285.0 324.1

Chile 2/ SX-EW 1,602.0 1,653.1 1,636.3 1,584.6 1,691.8 1,227.1 1,363.9 146.3 146.4 142.9 149.2

Total 4,580.6 4,904.2 5,412.5 5,320.5 5,360.8 3,859.0 4,070.3 457.7 451.4 427.9 473.3

Concentrates 568.0 604.4 742.2 761.6 872.9 642.0 665.4 78.9 74.4 75.5 82.3

China SX-EW 10.0 10.0 12.0 15.0 16.1 11.5 14.7 1.6 1.5 1.6 1.8

Total 578.0 614.4 754.2 776.6 889.0 653.5 680.1 80.5 75.9 77.1 84.1

Colombia Concentrates 2.0 1.7 1.6 2.2 2.2 1.7 1.6 0.2 0.2 0.2 0.2

Concentrates 28.3 29.1 33.1 51.0 74.4 55.9 55.0 5.4 7.6 7.6 7.4

Congo 3/ SX-EW 11.8 29.5 41.5 49.5 53.3 40.5 31.3 4.3 4.4 4.9 4.8

Total 40.1 58.6 74.6 100.5 127.7 96.4 86.3 9.6 12.1 12.6 12.2

Cyprus SX-EW 3.6 2.5 1.2 1.0 0.5 2.1 0.2 0.3 0.3 0.3

Georgia Concentrates 10.4 12.0 12.0 12.0 12.0 9.0 9.0 1.0 1.0 1.0 1.0

Honduras Concentrates

India Concentrates 30.8 28.3 30.0 25.1 29.0 21.2 27.0 3.0 3.1 3.0 2.9

Indonesia Concentrates 1,162.9 1,003.5 843.2 1,064.9 816.2 527.7 634.4 63.8 57.6 55.7 57.6

Concentrates 119.2 115.3 135.5 154.6 207.2 154.8 179.3 20.5 19.6 19.6 18.9

Iran SX-EW 8.8 12.5 10.8 9.6 9.0 7.0 5.8 0.7 0.6 0.7 0.8

Total 128.0 127.8 146.3 164.2 216.2 161.8 185.1 21.2 20.2 20.3 19.7

Italy Concentrates 1.0

Japan Concentrates 1.0 1.5 1.0 1.0 0.3 0.3

Kazakhstan Concentrates 473.8 485.4 461.8 401.7 434.1 313.4 304.9 33.7 35.7 32.9 27.7

Laos SX-EW 30.5 60.8 44.9 46.2 5.4 5.4 5.4 5.3

Macedonia Concentrates 8.0 4.0

Mauritania Concentrates 6.5 1.5 21.6 2.3 2.7 2.7 2.6

Concentrates 260.6 281.0 327.5 336.6 250.0 177.2 194.0 23.4 24.0 11.3 12.6

Mexico SX-EW 69.3 76.4 78.1 92.7 87.7 60.5 94.1 12.1 12.2 8.1 10.0

Total 329.9 357.4 405.6 429.3 337.7 237.9 288.1 35.5 36.2 19.4 22.6

Concentrates 132.4 130.3 130.0 126.5 129.7 96.8 97.5 11.5 10.7 10.7 10.5

Mongolia SX-EW 1.5 1.6 2.3 2.4 2.6 1.7 2.2 0.2 0.3 0.3 0.2

Total 133.9 131.9 132.4 128.9 132.3 98.5 99.7 11.7 11.0 11.0 10.8

2007


- 11 -

TABLE 3. WORLD COPPER MINE PRODUCTIONThousand metric tonnes, copper

COUNTRY Source 2002 2003 2004 2005 2006 2006 2007

1/ p/ Jan-Sep Jun Jul Aug Sep

2007

Morocco Concentrates 5.0 4.9 5.0 5.0 5.0 3.7 3.7 0.4 0.4 0.4 0.4

Myanmar SX-EW 27.6 27.9 31.8 34.5 19.5 14.4 13.8 1.5 2.0 1.8 2.0

Namibia Concentrates 18.0 16.2 13.8 10.2 6.4 4.6 6.6 0.8 0.9 0.8 1.0

North Korea Concentrates 12.0 12.0 12.0 12.0 12.0 9.0 9.0 1.0 1.0 1.0 1.0

Oman Concentrates 3.0 0.4 0.6 0.8 1.0

Pakistan Concentrates 3.2 15.0 18.0 20.0 15.0 15.0 1.6 1.7 1.7 1.6

Papua New Guinea Concentrates 211.3 195.7 173.4 193.0 194.4 145.3 120.7 12.3 12.9 12.9 12.5

Concentrates 688.1 691.4 868.6 843.9 875.4 638.3 736.7 80.0 85.1 94.6 90.4

Peru SX-EW 156.5 171.2 167.0 165.5 173.8 129.2 130.7 14.8 14.8 14.5 13.9

Total 844.6 862.6 1,035.6 1,009.5 1,049.1 767.5 867.4 94.7 100.0 109.1 104.3

Philippines Concentrates 19.3 20.4 16.0 16.3 17.6 11.1 16.9 1.6 2.2 2.1 2.2

Poland Concentrates 502.8 505.0 531.0 512.0 497.2 375.2 340.0 35.9 36.2 36.5 36.3

Portugal Concentrates 77.2 77.5 95.7 89.5 78.6 60.0 64.4 6.2 5.1 7.6 7.5

Romania Concentrates 19.0 23.4 20.4 15.0 15.0 11.2 11.2 1.2 1.3 1.3 1.2

Concentrates 662.1 650.0 630.0 638.0 670.2 501.6 508.5 56.7 58.6 56.0 56.7

Russian Fed. SX-EW 2.0 4.8 3.5 7.5 0.8 0.8 0.8 0.8

Total 662.1 650.0 630.0 640.0 675.0 505.1 515.9 57.5 59.5 56.8 57.5

Saudi Arabia Concentrates 1.0 1.0 1.0 1.0 1.0 0.7 0.8 0.1 0.1 0.1 0.1

Scandinavia 4/ Concentrates 86.5 97.9 97.8 101.9 99.8 77.1 54.8 5.2 5.8 5.8 5.6

South Africa Concentrates 90.3 89.5 87.0 88.6 89.5 65.2 75.3 8.2 7.5 7.2 7.1

Spain Concentrates 1.2 0.6 1.4 7.9 6.6 4.9 4.9 0.6 0.5 0.5 0.5

Turkey Concentrates 60.0 59.0 49.3 54.1 46.4 34.6 35.7 4.5 4.1 3.8 4.1

Tanzania Concentrates 3.7 4.0 4.0 4.0 4.0 3.0 3.0 0.3 0.3 0.3 0.3

Concentrates 556.9 539.1 590.0 603.1 691.4 512.5 513.1 55.7 56.7 59.8 62.8

United States 5/ SX-EW 600.5 591.1 584.0 553.7 530.4 398.2 382.8 44.3 45.3 43.4 39.8

Total 1,157.4 1,130.2 1,174.0 1,156.8 1,221.8 910.7 895.9 100.0 102.0 103.2 102.6

Uzbekistan Concentrates 79.9 80.0 80.0 80.0 80.0 59.8 59.8 6.6 6.8 6.8 6.6

Serbia Concentrates 30.7 21.3 12.2 12.9 26.5 19.3 19.9 2.0 2.0 2.5 2.5

Vietnam Concentrates 1.2 1.2 1.2 1.2 5.2 2.7 8.2 0.9 0.9 0.9 0.9

Concentrates 258.0 299.0 319.5 330.0 350.0 243.8 236.2 29.0 24.5 24.5 23.7

Zambia 6/ SX-EW 83.0 79.0 82.6 102.8 124.1 86.7 152.5 16.9 19.8 19.8 19.2

Total 341.0 378.0 402.1 432.8 474.1 330.5 388.7 45.9 44.3 44.3 42.8

Zimbabwe Concentrates 2.5 2.4 2.5 2.7 2.7 2.0 2.0 0.2 0.2 0.2 0.2

Others Concentrates

SX-EW

Concentrates 10,926.0 11,035.8 11,889.0 12,229.5 12,187.4 8,847.2 9,170.7 1,023.0 1,009.7 990.8 1,028.0

WORLD SX-EW 2,651.8 2,722.2 2,705.9 2,693.7 2,827.3 2,065.4 2,278.8 252.7 257.1 247.7 251.1

TOTALS Total 13,577.7 13,758.1 14,594.9 14,923.2 15,014.7 10,912.8 11,449.6 1,275.6 1,266.9 1,238.5 1,279.1

Source: Official country and company reports.p/ Preliminary data. 6/ Electrowon at the mine is comprised of the tailings leach only (TLP). 1/ Copper content of concentrates and precipitates unless otherwise noted Material leached from concentrates is shown as electrowon at the smelter level.2/ Copper content of final shipments (concentrate, blister or cathode)3/ SXEW production counted in Congo only at the mine level, as the ore is exported to Zambia for treatment, and therefore counted in Zambia at the refined level4/ Includes Finland, Norway and Sweden.5/ The United States used to report Cu recoverable in Concentrates as : 714 (2001), 887 (2000), 1,015 (1999); 1,251 (1998); 1,353 (1997); 1,345 (1996). Started reporting Cu contained in concentrates in August 2002


- 12 -

TABLE 4. WORLD COPPER SMELTER PRODUCTIONThousand metric tonnes, copper in primary and secondary blister and anode

COUNTRY Feed 2002 2003 2004 2005 2006 2006 2007

Type p/ Jan-Sep Jun Jul Aug Sep

Primary 4.7 6.2 9.4 9.8 8.8 6.9 5.3 0.7 0.6 0.6 0.7

Armenia Secondary 1.8

Total 6.5 6.2 9.4 9.8 8.8 6.9 5.3 0.7 0.6 0.6 0.7

Australia Primary 455.9 435.0 443.2 411.9 377.0 285.0 290.5 33.8 27.0 27.0 26.1

Austria Secondary 60.2 61.0 69.0 72.0 72.5 54.2 53.9 5.9 6.1 6.1 5.9

Belgium Secondary 125.9 117.5 107.7 97.2 114.6 86.0 87.1 9.9 9.2 9.2 8.9

Botswana Primary 21.6 27.4 21.2 28.1 29.7 22.0 8.9 1.1 0.1 0.2 0.8

Primary 173.8 170.3 186.1 177.8 199.0 147.6 152.1 17.5 17.0 17.4 16.8

Brazil Secondary 16.8 20.9 18.7 18.8 20.6 15.2 16.7 1.8 2.1 1.8 1.8

Total 190.6 191.2 204.8 196.6 219.6 162.8 168.8 19.3 19.1 19.2 18.6

Primary 167.0 199.3 215.8 225.0 217.0 156.1 152.4 15.0 21.0 24.0 26.0

Bulgaria Secondary 14.5 16.0 11.4 15.0 24.0 18.4 8.3 0.3 1.3 1.0 1.6

Total 181.5 215.3 227.2 240.0 241.0 174.5 160.7 15.3 22.3 25.0 27.6

Primary 513.9 430.1 446.2 441.3 484.7 353.3 341.3 33.4 29.7 41.4 36.3

Canada Secondary 24.8 26.8 30.0 30.5 35.8 24.4 32.0 2.8 3.7 5.6 3.4

Total 538.7 456.9 476.2 471.9 520.5 377.6 373.3 36.2 33.4 47.0 39.6

Chile Primary 1,438.7 1,542.4 1,517.6 1,558.4 1,565.4 1,126.7 1,108.5 129.5 93.5 116.3 149.4

Primary 1,179.9 1,379.2 1,502.9 1,751.5 1,917.5 1,460.3 1,587.5 165.2 183.7 191.1 196.2

China Secondary 330.0 334.3 415.0 500.0 600.0 448.8 411.4 45.2 46.7 46.7 45.2

Total 1,509.9 1,713.5 1,917.9 2,251.5 2,517.5 1,909.4 1,998.9 210.4 230.4 237.8 241.4

Colombia Secondary 10.0 10.0 10.0 10.0 10.0 7.5 7.6 0.9 0.9 0.8 0.9

CongoLow-grade Electrowon 10.0 8.0 20.0 10.0 10.0 7.5 1.3 0.1 0.2 0.1 0.2

Primary 295.1 288.8 278.6 257.2 273.8 203.7 208.3 25.8 23.0 22.0 23.0

Germany 1/ Secondary 283.1 205.3 262.6 251.4 266.3 198.8 197.6 21.9 23.0 22.5 23.0

Total 578.2 494.1 541.1 508.6 540.0 402.5 405.9 47.7 46.0 44.5 46.0

Primary 374.9 386.2 399.6 482.3 609.6 447.8 533.0 56.3 58.5 61.0 61.2

India Secondary 5.0 38.0 15.0 9.5 14.0 2.0 2.0 2.0 1.0

Total 374.9 386.2 404.6 520.3 624.6 455.9 547.0 58.3 60.5 63.0 62.2

Indonesia Primary 211.2 247.4 211.6 275.0 201.2 173.5 201.9 22.2 22.9 22.9 22.2

Primary 119.9 121.2 134.1 170.2 177.5 133.1 133.4 15.0 14.6 14.5 14.3

Iran Secondary 51.7 47.5 51.0 57.1 66.6 50.0 52.8 5.1 6.0 7.0 6.9

Total 171.6 168.7 185.1 227.3 244.1 183.2 186.2 20.1 20.6 21.5 21.2

Primary 1,317.3 1,343.4 1,270.5 1,319.2 1,409.1 1,101.4 1,051.3 112.0 93.1 119.4 114.5

Japan Secondary 182.1 173.4 194.9 198.5 219.2 158.5 183.9 19.7 17.8 19.4 17.7

Total 1,499.4 1,516.8 1,465.4 1,517.8 1,628.3 1,259.9 1,235.3 131.6 110.9 138.8 132.1

Kazakhstan Primary 459.6 437.8 452.2 425.8 426.2 315.3 323.4 30.5 38.6 38.6 37.4

Primary 380.0 410.0 392.5 436.6 449.2 333.8 355.3 39.0 40.3 40.3 39.0

Korean Rep. Secondary 50.0 50.0 50.0 49.9 34.8 25.6 29.7 3.5 3.0 3.2 3.5

Total 430.0 460.0 442.5 486.5 484.0 359.4 385.0 42.5 43.3 43.5 42.5

Primary 258.4 217.6 268.6 298.7 252.4 182.6 216.2 24.0 24.5 22.0 24.0

Mexico Secondary 5.0 5.0 5.0 5.0 5.0 3.7 3.8 0.4 0.5 0.4 0.4

Total 263.4 222.6 273.6 303.7 257.4 186.3 220.0 24.4 25.0 22.4 24.4

Namibia Primary 26.7 26.3 24.7 23.3 21.9 13.8 15.4 1.7 1.8 1.8 1.7

Primary 10.0 10.0 10.0 10.0 10.0 7.5 7.5 0.8 0.8 0.8 0.8

North Korea Secondary 5.0 5.0 5.0 5.0 5.0 3.7 3.7 0.4 0.4 0.4 0.4

Total 15.0 15.0 15.0 15.0 15.0 11.2 11.2 1.2 1.3 1.3 1.2

Oman Primary 25.0 25.0 25.0 25.0 25.0 18.7 18.7 2.1 2.1 2.1 2.1

Pakistan Primary 3.2 15.0 15.0 20.0 15.0 15.0 1.6 1.7 1.7 1.6

Peru Primary 379.6 376.1 377.8 381.6 381.3 279.1 209.0 24.1 29.9 27.3 32.2

2007


- 13 -

TABLE 4. WORLD COPPER SMELTER PRODUCTIONThousand metric tonnes, copper in primary and secondary blister and anode

COUNTRY Feed 2002 2003 2004 2005 2006 2006 2007

Type p/ Jan-Sep Jun Jul Aug Sep

2007

Philippines Primary 165.8 227.9 217.3 201.3 239.6 182.2 160.3 13.5 21.5 21.5 20.8

Primary 510.7 500.0 547.2 526.6 445.1 343.0 307.8 33.1 34.0 36.0 37.0

Poland Secondary 29.4 24.1 33.3 30.0 80.0 62.5 44.4 5.2 5.0 4.8 4.5

Total 540.1 524.1 580.5 556.6 525.1 405.5 352.2 38.3 39.0 40.8 41.5

Romania Primary 9.0 4.0 3.0 3.0 3.0 2.2 2.2 0.2 0.3 0.3 0.2

Primary 660.3 662.0 661.9 695.5 712.3 532.1 542.5 59.7 61.5 61.5 59.5

Russian Fed. Secondary 201.7 180.0 257.0 261.5 290.0 216.9 216.9 23.8 24.6 24.6 23.8

Total 862.0 842.0 918.9 957.0 1,002.3 749.0 759.4 83.5 86.1 86.1 83.3

Primary 335.6 321.3 345.2 311.4 300.1 221.1 199.5 20.1 20.4 18.7 21.0

Scandinavia 2/ Secondary 52.1 56.1 58.0 59.7 58.0 43.4 43.4 4.8 4.9 4.9 4.8

Total 387.7 377.4 403.2 371.1 358.1 264.4 242.9 24.9 25.4 23.7 25.8

Slovakia Secondary 8.1 5.8 13.3 15.5 22.0 16.4 18.7 1.9 2.4 2.4 2.3

South Africa Primary 117.0 112.0 89.3 105.5 98.9 71.7 84.8 9.3 9.6 10.0 10.2

Primary 281.3 276.3 210.2 278.6 263.1 200.9 191.2 15.7 25.9 25.0 22.8

Spain Secondary 16.7 14.0 14.1 5.5 0.6 0.6 2.1 0.2 0.2 0.1 0.2

Total 298.0 290.3 224.3 284.2 263.7 201.5 193.2 15.9 26.1 25.1 23.0

Primary 17.7 28.6 1.0 5.6

Thailand Secondary 1.9 2.0 0.1 0.5

Total 19.6 30.6 1.1 6.1

Primary 30.6 25.4 29.7 22.6 25.0 18.7 18.7 2.1 2.1 2.1 2.1

Turkey Secondary 2.0 5.0 5.0 5.0 5.0 3.9 3.7 0.4 0.4 0.4 0.4

Total 32.6 30.4 34.7 27.6 30.0 22.6 22.4 2.5 2.5 2.5 2.5

United States 3/ Primary 683.3 538.7 542.1 523.2 501.3 396.9 471.6 56.3 54.7 52.4 48.0

Ukraine Secondary 30.0

Uzbekistan Primary 77.0 77.0 103.4 115.0 120.0 89.8 89.8 9.9 10.2 10.2 9.9

Primary 36.1 11.6 12.0 25.0 28.9 21.3 29.9 3.3 3.4 3.4 3.2

Serbia Secondary 6.7 6.5 3.0 6.0 9.8 7.3 7.4 0.8 0.8 0.8 0.8

Total 42.7 18.1 15.0 31.0 38.7 28.6 37.3 4.1 4.2 4.2 4.0

Vietnam Primary 4.8 2.4 8.2 0.9 0.9 0.9 0.9

Zambia Primary 245.0 245.0 280.1 244.8 289.7 199.4 169.5 18.1 19.0 19.0 18.4Low-grade Electrowon

Others Primary

Secondary Low-grade Electrowon 10.0 8.0 20.0 10.0 10.0 7.5 1.3 0.1 0.2 0.1 0.2

WORLD Primary 10,964.7 11,084.0 11,261.6 11,805.0 12,088.8 9,064.6 9,216.6 993.5 988.2 1,053.5 1,080.3

TOTALS Secondary 1,507.5 1,364.2 1,620.7 1,733.7 1,954.9 1,455.4 1,439.5 157.0 161.1 164.2 157.4

Total 12,482.3 12,456.2 12,902.3 13,548.7 14,053.8 10,526.4 10,657.5 1,150.7 1,149.5 1,217.9 1,237.9Source: Official country and company reports.

p/ Preliminary data.1/ Secondary smelter production revised in August 2002 to reconcile the German figures with the definition used throughout this table.2/ Includes Finland and Sweden. 3/ Since June 2000, only total U.S. smelter production is reported. Since that time the split between secondary and primary is estimated by the ICSG.


- 14 -

TABLE 5. WORLD COPPER REFINERY PRODUCTIONThousand metric tonnes, primary and secondary copper

COUNTRY Feed 2002 2003 2004 2005 2006 2006 2007

Source 1/ p/ Jan-Sep Jun Jul Aug Sep

Argentina Secondary 16.0 16.0 16.0 16.0 16.0 12.0 12.0 1.3 1.4 1.4 1.3

Electrowon 77.1 67.4 58.3 50.9 52.4 39.7 30.2 3.4 3.1 3.0 3.0

Australia Primary 465.5 416.6 431.8 417.9 376.5 284.5 291.5 33.8 26.2 27.2 27.3

Total 542.6 484.0 490.0 468.8 428.9 324.2 321.7 37.2 29.3 30.2 30.3

Austria Secondary 60.1 67.1 81.2 80.5 99.1 70.9 76.1 8.8 9.5 1.1 9.8

Belgium- Primary 201.7 218.7 220.6 223.9 237.9 178.7 167.1 17.3 19.4 19.4 18.8Luxembourg Secondary 225.2 204.6 172.3 161.8 152.8 113.8 125.5 13.6 14.2 14.2 13.7

Total 426.9 423.3 392.8 385.6 390.7 292.5 292.6 30.9 33.6 33.6 32.5

Electrowon

Primary 170.7 153.1 185.0 179.2 197.7 146.3 152.0 17.5 17.0 17.4 16.7

Brazil Secondary 16.9 20.4 23.0 19.9 22.0 15.0 16.6 1.8 2.1 1.8 1.8

Total 187.6 173.5 208.0 199.0 219.7 161.3 168.6 19.3 19.2 19.2 18.5

Primary 37.6 42.7 52.5 56.8 60.7 44.9 48.3 5.2 5.4 5.8 5.2

Bulgaria Secondary 3.1 3.2 2.8 3.2 4.8 3.6 4.2 0.5 0.4 0.5 0.4

Total 40.7 45.9 55.3 60.1 65.6 48.6 52.4 5.7 5.8 6.3 5.6

Electrowon 1.1 0.2 0.1 0.2 0.2

Canada Primary 468.8 426.9 495.9 483.7 463.6 345.3 297.2 27.0 18.3 31.1 36.6

Secondary 25.7 28.0 31.1 31.5 36.9 25.0 32.5 2.8 3.8 5.7 3.4

Total 494.5 454.9 527.0 515.2 500.5 370.3 330.8 30.0 22.2 37.0 40.2

Electrowon 1,602.0 1,653.1 1,636.3 1,584.6 1,691.8 1,227.1 1,363.9 146.3 146.4 142.9 149.2

Chile Primary 1,248.1 1,248.8 1,200.4 1,239.4 1,119.5 834.0 824.2 93.9 72.5 72.8 103.2

Total 2,850.1 2,901.9 2,836.7 2,824.0 2,811.3 2,061.1 2,188.1 240.2 218.9 215.7 252.4

Electrowon 10.0 10.0 12.0 15.0 16.1 11.5 14.7 1.6 1.5 1.6 1.8

China Primary 1,202.2 1,400.0 1,616.7 1,901.4 1,988.1 1,496.6 1,737.1 199.0 213.0 216.1 217.9

Secondary 400.3 426.0 570.0 684.0 999.1 734.5 825.3 91.0 93.0 94.7 95.5

Total 1,612.5 1,836.0 2,198.7 2,600.4 3,003.3 2,244.6 2,577.1 291.6 307.5 312.4 315.2

Colombia Secondary 10.0 10.0 10.0 10.0 10.0 7.5 7.5 0.8 0.8 0.8 0.8

Cyprus Electrowon 3.6 2.5 1.2 1.0 0.5 2.1 0.2 0.3 0.3 0.3

Egypt Secondary 4.0 4.0 4.0 4.0 4.0 3.0 3.0 0.3 0.3 0.3 0.3

Primary 327.0 296.0 283.7 293.8 312.1 235.2 233.2 25.8 26.6 25.2 26.0

Germany Secondary 368.8 301.0 369.0 344.4 350.2 264.2 269.9 29.9 30.6 31.9 30.3

Total 695.8 597.0 652.6 638.3 662.3 499.4 503.1 55.7 57.2 57.1 56.3

Primary 374.0 390.0 400.3 477.9 609.6 439.1 533.0 56.3 58.5 61.0 61.2

India Secondary 5.0 38.0 15.0 11.3 14.0 2.0 2.0 2.0 1.0

Total 374.0 390.0 405.3 515.9 624.6 450.9 547.0 58.3 60.5 63.0 62.2

Indonesia Primary 192.3 223.3 210.5 262.9 217.6 180.3 198.6 20.0 22.9 22.9 22.1

Electrowon 8.8 12.5 10.8 9.6 9.0 7.0 5.8 0.7 0.6 0.7 0.8

Iran Primary 94.1 95.6 102.8 126.2 139.5 103.0 104.0 11.8 11.4 11.3 11.2

Secondary 40.6 37.5 38.9 42.3 52.4 40.5 41.1 4.0 4.5 5.0 6.0

Total 143.5 145.6 152.5 178.0 200.9 150.4 150.9 16.5 16.5 17.0 18.0

Italy Secondary 32.4 26.7 33.6 32.2 36.4 29.3 22.1 2.8 2.8 1.2 2.3

Primary 1,211.1 1,251.7 1,188.0 1,227.5 1,342.3 1,009.1 1,038.3 110.3 122.0 118.6 116.6

Japan Secondary 190.0 178.6 192.0 167.8 189.7 135.2 153.5 16.4 15.1 16.0 15.5

Total 1,401.1 1,430.3 1,380.0 1,395.3 1,532.1 1,144.3 1,191.8 126.7 137.1 134.5 132.1

Kazakhstan Primary 452.9 434.2 445.2 418.8 427.5 309.6 297.1 30.4 31.1 30.7 27.5

Laos Electrowon 30.5 60.8 44.9 46.2 5.4 5.4 5.4 5.3

2007


- 15 -


COUNTRY Feed 2002 2003 2004 2005 2006 2006 2007


2007

Primary 455.3 465.0 451.0 474.3 541.1 404.2 399.4 43.0 45.0 46.0 43.8

Korean Rep. Secondary 45.0 45.0 45.0 45.0 34.4 25.3 33.6 3.7 3.8 3.7 3.8

Total 500.3 510.0 496.0 519.3 575.5 429.5 433.0 46.7 48.8 49.7 47.6

Electrowon 69.3 76.4 78.1 92.7 87.7 60.5 94.1 12.1 12.2 8.1 10.0

Mexico Primary 279.9 238.0 290.1 317.7 252.4 172.5 169.0 18.0 18.0 17.0 17.0

Secondary 5.0 5.0 5.0 5.0 5.1 3.8 3.8 0.4 0.5 0.4 0.4

Total 354.2 319.4 373.2 415.4 345.2 236.8 266.9 30.5 30.7 25.5 27.4

Mongolia Electrowon 1.5 1.6 2.3 2.4 2.6 1.7 2.2 0.2 0.3 0.3 0.2

Myanmar Electrowon 27.6 27.9 31.8 34.5 19.5 14.4 13.8 1.5 2.0 1.8 2.0

Primary 10.0 10.0 10.0 10.0 10.0 7.5 7.5 0.8 0.8 0.8 0.8

North Korea Secondary 5.0 5.0 5.0 5.0 5.0 3.7 3.7 0.4 0.4 0.4 0.4

Total 15.0 15.0 15.0 15.0 15.0 11.2 11.2 1.2 1.3 1.3 1.2

Oman Primary 25.0 25.0 25.0 25.0 25.0 18.7 18.7 2.1 2.1 2.1 2.1

Electrowon 156.5 171.2 167.0 165.5 173.8 129.2 130.7 14.8 14.8 14.5 13.9

Peru Primary 346.3 345.8 338.3 344.9 333.8 247.9 173.0 21.5 20.6 21.3 21.8

Total 502.7 517.0 505.3 510.4 507.6 377.1 303.7 36.3 35.5 35.9 35.7

Philippines Primary 144.3 171.2 176.2 171.5 181.0 134.9 118.4 12.0 13.0 14.0 13.2

Primary 478.7 500.4 520.1 530.2 476.1 353.1 354.6 38.3 40.0 42.0 41.7

Poland Secondary 30.0 29.2 30.0 30.0 80.5 62.9 44.4 5.2 5.0 4.8 4.5

Total 508.7 529.6 550.1 560.2 556.6 415.9 399.0 43.5 45.0 46.8 46.2

Primary 9.5 15.5 22.0 22.2 25.0 18.5 18.7 2.1 2.1 2.1 2.1

Romania Secondary 1.5 1.5 3.0 2.5 3.0 2.1 2.2 0.2 0.3 0.3 0.2

Total 11.0 17.0 25.0 24.7 28.0 20.6 20.9 2.3 2.4 2.4 2.3

Electrowon 2.0 4.8 3.5 7.5 0.8 0.8 0.8 0.8

Russian Fed. Primary 653.4 662.0 682.1 684.4 704.5 512.1 536.5 61.0 62.0 59.4 60.0

Secondary 201.7 180.0 237.0 248.5 283.8 210.7 223.3 27.0 24.6 27.0 26.0

Total 855.1 842.0 919.1 934.9 993.1 726.3 767.3 88.8 87.5 87.2 86.8

Primary 329.7 328.9 347.7 334.5 348.4 260.3 226.5 25.5 22.0 21.0 21.2

Scandinavia 2/ Secondary 52.1 56.1 59.7 59.6 58.2 43.4 42.9 4.6 4.9 4.9 4.8

Total 381.8 385.0 407.3 394.1 406.7 303.7 269.4 30.1 26.9 25.9 26.0

Slovakia Secondary 8.1 0.6

South Africa Primary 99.1 93.3 87.3 98.7 100.1 73.3 82.7 9.4 9.3 9.7 10.0

Primary 271.5 259.0 194.1 242.7 235.3 174.8 178.7 16.9 21.4 21.8 20.7

Spain Secondary 67.5 64.5 64.3 66.0 64.0 48.1 49.1 5.7 5.5 2.9 6.4

Total 339.0 323.5 258.4 308.7 299.3 222.5 227.8 22.6 26.9 24.7 27.0

Primary 18.1 13.0 18.7 10.5 7.6

Thailand Secondary 1.9 2.0 1.3 0.8

Total 20.0 15.0 20.0 10.5 8.4

Primary 39.0 34.9 58.8 89.9 100.8 75.3 73.3 8.1 8.3 8.3 8.1

Turkey Secondary 2.0 2.0 5.0 5.0 5.0 3.7 3.7 0.4 0.4 0.4 0.4

Total 41.0 36.9 63.8 94.9 105.8 79.0 77.0 8.5 8.7 8.7 8.5


- 16 -


COUNTRY Feed 2002 2003 2004 2005 2006 2006 2007


2007

Electrowon 600.5 591.1 584.0 553.7 530.4 398.2 382.8 44.3 45.3 43.4 39.8

United States Primary 841.4 662.1 671.3 654.1 675.2 526.2 578.0 64.6 67.6 69.9 64.6

Secondary 70.0 53.2 50.8 47.2 44.8 33.6 31.4 3.4 3.4 3.4 3.4

Total 1,511.9 1,306.4 1,306.0 1,255.0 1,250.3 958.0 992.2 112.3 116.3 116.7 107.8

Ukraine Secondary 10.0 20.0 20.0 20.0 20.0 15.0 15.0 1.6 1.7 1.7 1.6

Uzbekistan Primary 77.1 77.0 103.8 115.0 115.0 86.2 86.0 9.5 9.8 9.8 9.5

Primary 29.2 7.6 10.9 25.1 37.4 27.4 28.6 3.1 3.0 3.1 3.3

Serbia Secondary 6.7 6.5 1.1 6.0 8.0 5.4 5.9 0.6 0.6 0.6 0.7

Total 35.9 14.0 12.0 31.1 45.4 32.8 34.4 3.7 3.6 3.7 4.0

Vietnam Primary 4.8 2.4 8.2 0.9 0.9 0.9 0.9

Electrowon 89.0 109.0 124.0 152.4 177.6 130.1 177.5 19.7 20.4 23.5 25.0

Zambia 3/ Primary 247.8 240.8 285.6 247.0 240.0 172.6 180.4 21.0 19.0 19.0 18.4

Total 336.8 349.8 409.6 399.4 417.6 302.7 357.9 40.7 39.5 42.5 43.4

Zimbabwe Primary 7.2 7.2 7.2 7.2 7.2 5.4 5.4 0.6 0.6 0.6 0.6

Electrowon 6.0 1.5 1.0 1.5 1.5

Others Primary 24.2 18.1 16.8 1.8 1.9 1.9 1.8

Secondary

Electrowon 2,646.0 2,722.7 2,705.8 2,693.7 2,827.5 2,068.4 2,278.5 252.7 254.3 248.0 253.7

WORLD Primary 10,790.5 10,741.2 11,132.8 11,716.8 11,948.6 8,908.4 9,189.6 1,008.5 1,011.9 1,030.3 1,051.7

TOTALS Secondary 1,897.6 1,791.6 2,076.4 2,177.3 2,601.4 1,923.6 2,063.1 229.3 231.7 227.0 234.9

Total 15,334.0 15,255.5 15,915.0 16,587.8 17,377.5 12,902.6 13,531.3 1,490.6 1,497.9 1,505.3 1,540.3

Source: Official country and company reports.

p/ Preliminary data.1/ Primary feed sources include both fire-refined and electrolytic processes from mined and smelted materials. In some countries, primary may also include electrowon from copper-nickel mattes. Commercial, high-grade electrowon cathode derived from mine sites is shown under electrowon. Secondary includes fire-refined, and electrolytically refined scrap anode.2/ Includes Finland, Norway and Sweden.3/ SXEW production at the refined level, includes treatment of ore imported from Congo.


- 17 -

TABLE 6. WORLD COPPER PRODUCTION BY SOLVENT EXTRACTIONAND ELECTROWINNING PROCESSES

Thousand metric tonnes, copper

COUNTRY 2002 2003 2004 2005 2006 2006 2007


Australia 77.1 67.4 58.3 50.9 52.4 39.7 30.2 3.4 3.1 3.0 3.0

Canada 1.1 0.2 0.1 0.2 0.2

Chile 1,602.0 1,653.1 1,636.3 1,584.6 1,691.8 1,227.1 1,363.9 146.3 146.4 142.9 149.2

China 10.0 10.0 12.0 15.0 16.1 11.5 14.7 1.6 1.5 1.6 1.8

Congo 1/ 10.0 8.0 20.0 10.0 10.0 7.5 1.3 0.1 0.2 0.1 0.2

Cyprus 3.6 2.5 1.2 1.0 0.5 2.1 0.2 0.3 0.3 0.3

Iran 8.8 12.5 10.8 9.6 9.0 7.0 5.8 0.7 0.6 0.7 0.8

Laos 30.5 60.8 44.9 46.2 5.4 5.4 5.4 5.3

Mexico 69.3 76.4 78.1 92.7 87.7 60.5 94.1 12.1 12.2 8.1 10.0

Mongolia 1.5 1.6 2.3 2.4 2.6 1.7 2.2 0.2 0.3 0.3 0.2

Myanmar 27.6 27.9 31.8 34.5 19.5 14.4 13.8 1.5 2.0 1.8 2.0

Peru 156.5 171.2 167.0 165.5 173.8 129.2 130.7 14.8 14.8 14.5 13.9

Russian Fed. 2.0 4.8 3.5 7.5 0.8 0.8 0.8 0.8

United States 600.5 591.1 584.0 553.7 530.4 398.2 382.8 44.3 45.3 43.4 39.8

Zambia 2/ 89.0 109.0 124.0 152.4 177.6 130.1 177.5 19.7 20.4 23.5 25.0

Others 6.0 1.5 1.0 1.5 1.5

WORLD TOTAL 2,656.0 2,730.7 2,725.8 2,703.7 2,837.5 2,075.9 2,279.9 252.9 254.5 248.2 253.8

Source: Official country and company reports.

p/ Preliminary data.

1/ Low-grade electrowon cathode that must be re-refined.

2/ SXEW production at the refined level, includes treatment of ore imported from Congo.

2007


- 18 -

TABLE 7. WORLD REFINED COPPER USAGEThousand metric tonnes, refined copper

COUNTRY 2002 2003 2004 2005 2006 2006 2007


Argentina 20.6 28.0 33.1 33.6 30.3 24.1 23.5 2.6 2.6 2.6 2.6

Australia 186.3 183.3 167.0 155.2 143.4 112.4 100.6 10.9 10.6 11.4 11.5

Brazil 270.0 300.3 332.4 328.1 339.2 249.5 254.2 33.4 28.2 30.9 31.1

Bulgaria 16.0 16.0 15.7 38.0 46.0 38.0 50.7 3.4 2.9 4.7 4.6

Canada 276.4 257.2 302.5 279.8 301.2 230.3 173.5 22.0 18.0 17.4 15.0

Chile 1/ 81.5 94.7 100.4 102.7 110.7 88.0 79.7 10.1 9.2 8.1 8.6

China 3/ 9/ 2,774.5 3,096.9 3,370.7 3,669.4 3,630.5 2,653.0 3,659.8 390.8 380.1 401.9 432.0

Colombia 10.0 10.0 10.0 10.0 10.0 7.6 7.6 0.8 0.8 0.8 0.8

Czech Rep. 12.0 5.7 5.7 5.7 5.7 4.3 4.3 0.5 0.5 0.5 0.5

Ecuador 3.8 3.5 3.5 3.5 3.5 2.6 2.6 0.3 0.3 0.3 0.3

Egypt 61.0 68.0 81.0 104.0 107.0 80.3 87.6 10.2 9.8 10.5 10.2

Hungary 17.0 11.8 7.4 8.0 8.0 6.0 6.0 0.7 0.7 0.6 0.7

India 296.9 311.1 350.0 415.0 440.0 320.0 368.0 38.0 42.0 43.0 42.0

Indonesia 125.0 179.0 203.0 212.0 220.0 163.0 169.4 19.3 18.7 18.0 19.1

Iran 110.1 110.0 120.0 124.0 130.0 97.6 102.0 11.4 11.2 10.7 11.5

Japan 1,167.1 1,202.3 1,278.6 1,223.1 1,282.4 948.0 922.4 110.9 112.8 90.6 98.7

Kazakhstan 64.5 58.7 52.6 17.7 71.2 51.8 54.0 6.5 6.0 5.0 6.5

Korean Rep. 911.1 906.0 937.0 863.8 811.8 631.1 603.5 65.0 62.0 63.0 65.0

Malaysia 170.0 168.9 175.0 180.0 188.5 141.9 148.5 16.7 16.3 16.0 16.6

Mexico 365.8 363.4 406.1 430.0 329.0 232.0 227.0 27.4 30.5 23.3 25.0

New Zealand 1.0

North Korea 15.0 15.0 15.0 15.0 15.0 11.3 11.3 1.3 1.2 1.2 1.3

Oman 2.0 3.0 7.0 12.0 15.0 11.3 11.3 1.3 1.2 1.2 1.3

Pakistan 16.9 14.8 17.4 30.0 35.0 26.4 30.2 3.4 3.3 3.2 3.4

Peru 44.7 55.8 57.9 51.4 52.9 39.9 41.3 5.0 4.5 4.4 4.6

Philippines 40.0 43.0 46.0 48.3 49.8 38.1 38.8 4.4 4.3 4.1 4.4

Poland 246.6 253.4 267.0 274.7 267.4 198.4 226.1 22.5 28.5 30.9 25.0

Romania 18.8 18.0 29.1 28.0 33.2 24.9 36.4 4.6 3.1 4.6 3.0

Russian Fed. 349.6 447.4 587.6 634.6 721.0 537.0 547.1 63.9 64.3 55.8 63.1

Saudi Arabia 170.0 165.0 176.0 180.0 185.1 138.1 143.5 16.1 15.8 15.0 16.1

Slovakia 15.6 0.6 14.2 1.9 2.2 2.1 2.2

South Africa 84.3 76.2 91.2 88.5 89.7 65.3 72.1 7.5 8.3 9.5 9.7

Switzerland

Taipei, China 654.6 619.6 690.1 638.3 639.1 473.0 462.1 47.6 58.2 49.7 53.2

Thailand 186.2 204.4 240.2 251.1 260.7 192.4 204.1 23.0 21.9 24.0 22.9

Turkey 225.0 264.9 280.9 316.2 320.0 240.0 244.0 26.0 27.0 28.0 30.0

United Arab Emirates 20.0 2.0 75.5 8.5 8.3 7.9 8.5

Ukraine 10.0 20.0 20.0 20.0 20.0 15.1 15.1 1.7 1.7 1.6 1.7

United States 1/ 2,363.6 2,295.3 2,414.8 2,274.0 2,130.3 1,695.6 1,654.0 193.0 174.0 191.0 166.0

Uzbekistan 40.0 40.0 40.0 42.0 45.0 33.1 35.4 3.9 4.0 4.0 3.5

Venezuela 1.0 1.0 1.0 1.0 1.0 0.8 0.8 0.1 0.1 0.1 0.1

Vietnam 21.6 43.5 56.0 70.0 75.2 57.0 59.7 6.7 6.6 6.3 6.7

Serbia 20.0 17.0 20.0 35.0 36.3 28.1 27.9 3.1 3.1 2.9 3.1

Zambia 8.4 15.0 18.0 24.0 27.0 20.0 21.1 2.4 2.3 2.2 2.4

Zimbabwe 10.0 10.0 10.0 10.0 10.0 7.6 7.6 0.8 0.8 0.8 0.8

EU-15 5/ 3,742.4 3,714.7 3,805.5 3,479.9 3,862.5 2,942.7 2,770.4 318.2 309.8 242.7 279.3

Others 6/ 3.9 3.9 3.7 3.7 2.6 1.9 2.0 0.2 0.2 0.2 0.2

WORLD TOTAL 7/ 15,230.8 15,716.2 16,846.1 16,731.1 17,122.3 12,881.6 13,796.7 1,547.9 1,517.7 1,452.5 1,514.8

2007


- 19 -

TABLE 7. WORLD REFINED COPPER USAGEThousand metric tonnes, refined copper

COUNTRY 2002 2003 2004 2005 2006 2006 2007


2007

EUROPEAN UNION (EU-15) 8/

Austria 30.0 27.0 41.3 29.7 33.2 25.1 25.5 3.5 2.8 2.7 2.9

Belgium-Luxembourg 304.4 288.7 299.9 269.1 290.5 221.1 237.5 27.0 25.4 25.8 25.9

Denmark 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0

France 545.0 540.0 550.0 505.0 540.1 408.6 378.2 47.0 35.0 29.0 44.0

Germany 1,075.0 1,011.9 1,120.8 1,179.9 1,397.7 1,086.9 1,049.2 118.6 101.6 123.6 109.0

Greece 125.9 107.2 118.4 89.3 87.9 65.9 66.5 7.9 7.3 7.0 7.5

Italy 672.7 664.7 719.3 681.0 801.0 610.8 575.7 79.0 65.5 18.1 68.2

Netherlands 53.0 55.0 42.0 35.0 33.8 26.5 25.8 2.7 2.9 2.4 3.0

Portugal 0.1 2.2 1.6 1.5 1.5 1.1 1.1 0.1 0.1 0.1 0.1

Scandinavia 4/ 265.5 289.0 297.4 255.4 266.1 202.8 193.4 22.4 14.2 18.0 22.1

Spain 307.0 311.0 331.0 321.0 319.1 245.1 241.6 29.0 29.1 21.5 22.0

United Kingdom 250.0 240.0 242.0 200.0 180.0 143.0 50.8 5.5 5.5 5.0 6.0

Source: Official country and company reports.p/ Preliminary data.1/ Reported usage2/ Including variation of German brands in LME warehouses in Germany until end 2003.3/ After 1996 Hong Kong usage is included in China.4/ Includes Finland and Sweden. Norway is included in others.5/ Based on apparent usage taking into consideration extra EU-15 trade.6/ Includes Israel, Norway, Tunisia. 7/ World total based on EU-15 apparent usage 8/ Individual EU-15 country data, based on reported data, apparant calculation and estimates9/ Chinese apparent consumption, accounting for changes in SHFE, but not accounting for changes in strategic stock pile.

TABLE 8A. REFINED COPPER STOCKS AT METAL EXCHANGESThousand metric tonnes, refined copper, end of period

STOCK TYPE AND 2002 2003 2004 2005 2006COUNTRY Jun Jul Aug Sep Oct Nov

LONDON METAL EXCHANGE

Belgium 1.100 0.175 0.000 0.000 0.000 0.675 0.675 0.675 0.675 0.675 1.100

France 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

Germany 2.675 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

Italy 0.175 10.200 0.000 0.000 4.200 16.550 13.075 10.250 8.725 12.475 15.800

Korean rep. 0.000 0.000 1.500 69.900 50.475 24.325 40.375 71.175 69.250 75.900 80.250

Malaysia 0.000 0.000 1.125 0.100 0.000 0.000 0.000 0.000 0.475 0.725 0.725

Netherlands 54.825 9.175 1.275 3.675 18.275 19.875 5.550 6.525 7.200 19.025 26.300

Singapore 5.300 0.125 9.275 12.675 32.200 6.975 10.600 15.150 10.725 15.925 14.100

Spain 77.450 39.625 0.050 3.400 0.925 0.650 1.500 2.350 2.350 2.600 2.750

Sweden 19.300 0.000 0.650 0.000 3.350 1.150 1.050 0.150 0.000 0.000 0.000

United Arab Emirates 60.175 0.300 0.000 1.675 0.150 0.025 0.025 0.025 0.025 0.025 0.025

United Kingdom 33.750 35.800 0.000 0.000 5.400 2.375 2.250 2.250 2.075 2.150 2.050

United States 600.875 335.125 35.000 0.800 75.600 40.000 28.375 30.550 29.175 37.500 46.400

Total LME 855.625 430.525 48.875 92.225 190.575 112.600 103.475 139.100 130.675 167.000 189.500

COMEX 362.276 254.862 43.729 6.182 30.915 20.070 19.848 18.783 18.248 17.754 16.312

SHFE 75.087 120.631 31.685 57.844 31.300 90.617 90.089 66.793 47.791 56.931 34.438

TOTAL EXCHANGES 1,292.988 806.018 124.289 156.251 252.790 223.287 213.412 224.676 196.714 241.685 240.250

2007


- 20 -

TABLE 8B. REFINED COPPER STOCKS AT PRODUCERS,CONSUMERS AND MERCHANTS

Thousand metric tonnes, refined copper, end of period

STOCK TYPE AND 2002 2003 2004 2005 2006

COUNTRY Jun Jul Aug Sep

Australia (producers) 1/ 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0

Brazil (producers) 3.6 4.0 11.8 10.7 10.7 10.7 10.7 10.7 10.7

Bulgaria 1/ 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4

Canada (producers) 10.0 10.4 8.4 11.2 13.8 1.1 3.7 10.2 10.0

Chile (producers) 2/ 260.6 502.3 343.0 265.1 359.2 225.3 179.2 182.5 226.1

China (total) 1/ 39.0 37.0 40.0 40.0 40.0 40.0 40.0 40.0 40.0

France (consumers) 57.8 35.3 35.4 17.2 20.0 33.0 35.0 38.0 35.0

Germany (producers) 60.1 47.0

Germany (merchants) 4.5 5.7

Germany (consumers) 28.7 27.3

Germany Total 3/ 93.3 80.0 70.0 70.0 70.0 70.0 70.0 70.0 70.0

India (producers/merchants) 1/ 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0

Italy (consumers) 15.0 15.0 11.6 12.5 12.0 12.5 12.5 12.5 12.5

Japan (producers) 49.6 75.9 68.7 75.4 76.0 79.0 79.6 82.7 73.3

Japan (merchants) 8.5 11.1 8.7 5.9 6.3 8.3 6.8 11.6 12.9

Japan (consumers) 35.3 23.5 27.6 16.4 20.5 24.4 23.2 21.9 25.1

Japan Total 93.5 110.5 105.1 97.7 102.8 111.6 109.6 116.2 111.2

Korean Rep. (producers) 4.0 4.0 4.0

Korean Rep. (merchants) 2.0 2.0 2.0

Korean Rep. (consumers) 8.0 8.0 8.0

Korean Rep. (Government) 34.0 34.0 34.0

Korean Rep. (total) 4/ 48.0 48.0 48.0 45.0 45.0 45.0 45.0 45.0 45.0

Peru (producers) 1/ 4.8 4.8 5.0 5.0 5.0 5.0 5.0 5.0 5.0

Philippines Total 1/ 8.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0

Poland (producers) 1/ 6.0 6.0 15.0 10.7 17.1 13.0 13.0 13.0 13.0

Scandinavia (producers) 1/ 3.2 3.4 3.2 3.2 3.2 3.5 3.5 3.5 3.5

South Africa (producers) 1/ 13.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0

United Kingdom (consumers) 1/ 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0

U.S. (producers) 11.7 12.1 10.3 8.2 28.1 10.0 9.0 10.0 19.0

U.S. (consumers) 55.3 53.5 45.3 50.8 61.7 58.8 73.8 66.8 56.8

U.S. Total 67.0 65.5 55.7 59.0 89.8 68.8 82.8 76.8 75.8

Zambia (producers) 1/ 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0

TOTAL COUNTRY STOCKS 754.5 974.0 804.0 699.0 840.4 691.3 661.8 675.1 709.5

REFINED STOCK SUMMARY Producers 497.0 751.3 623.9 588.8 712.5 547.0 503.2 516.9 559.9

Merchants 15.0 18.8 10.7 5.9 6.3 8.3 6.8 11.6 12.9

Consumers 208.5 169.9 135.4 104.3 121.6 136.0 151.8 146.6 136.7

Government 34.0 34.0 34.0

Exchanges 1,293.0 806.0 124.3 156.3 252.8 223.3 213.4 224.7 196.7

TOTAL ALL STOCKS 2,047.5 1,780.0 928.3 855.3 1,093.2 914.6 875.2 899.8 906.3

Sources: Official country and company reports. Estimates by ICSG are in italics.

1/ Estimates.2/ Stocks are calculated monthly on the basis of production, plus previous month stocks, less net trade, less reported usage.3/ From 2004 onwards, only total stocks, ICSG estimate.4/ From 2005 onwards, only total stocks, ICSG estimate

2007


- 21 -

TABLE 9. LME, COMEX AND U.S. PRODUCER PRICESCurrency in U.S. Dollars

LME LME COMEX COMEX U.S.PERIOD Grade A, Cash Grade A, Cash HG, 1st Pos. HG, 1st Pos. Producer Price

$/metric tonne Cents/pound $/metric tonne Cents/pound Cents/poundANNUAL AVERAGES

1998 1,652.90 74.97 1,655.16 75.08 78.641999 1,573.70 71.38 1,589.77 72.11 75.912000 1,814.30 82.30 1,851.25 83.97 88.162001 1,577.77 71.57 1,599.83 72.57 76.852002 1,557.50 70.65 1,580.41 71.69 75.822003 1,779.87 80.73 1,785.47 80.99 85.172004 2,868.34 130.11 2,847.81 129.17 134.202005 3,683.64 167.09 3,710.51 168.31 173.572006 6,727.17 305.14 6,821.52 309.42 315.592007 (1) 7,167.79 325.13 7,156.67 324.62 330.45

November 7,029.18 318.84 6,978.95 316.56 322.39December 6,675.11 302.78 6,645.00 301.41 307.20

January 5,669.66 257.17 5,694.64 258.30 264.13February 5,676.45 257.48 5,724.53 259.66 265.49March 6,452.48 292.68 6,443.45 292.27 298.10April 7,766.47 352.28 7,734.69 350.84 356.67May 7,682.17 348.46 7,677.54 348.25 354.07June 7,475.88 339.10 7,468.47 338.76 344.59July 7,973.91 361.69 7,971.80 361.60 367.42August 7,513.50 340.81 7,424.78 336.78 342.61September 7,648.98 346.95 7,619.51 345.62 351.44October 8,008.43 363.26 7,912.09 358.89 364.71November 6,966.70 316.00 6,898.78 312.92 318.80

High 8,301.00 376.53 8,276.14 375.40 381.23Low 5,225.50 237.02 5,301.01 240.45 246.28

1 7,661.00 347.50 7,398.70 335.60 341.432 7,535.00 341.78 7,313.83 331.75 337.585 7,412.00 336.20 7,262.02 329.40 335.236 7,470.00 338.83 7,346.90 333.25 339.087 7,451.00 337.97 7,167.22 325.10 330.938 7,222.00 327.58 7,048.17 319.70 325.539 7,021.00 318.47 6,928.02 314.25 320.08

12 6,779.00 307.49 6,845.35 310.50 316.3313 6,980.00 316.61 6,838.73 310.20 316.0314 7,021.00 318.47 7,278.55 330.15 335.9815 7,051.00 319.83 6,794.64 308.20 314.0316 6,825.50 309.60 6,957.78 315.60 322.5319 6,883.00 312.21 6,570.87 298.05 303.8820 6,615.50 300.07 6,670.08 302.55 308.3821 6,535.50 296.45 6,364.74 288.70 294.5322 6,492.00 294.47 holiday holiday holiday23 6,632.00 300.82 6,580.79 298.50 304.3326 6,740.00 305.72 6,655.75 301.90 307.7327 6,620.00 300.28 6,522.37 295.85 301.6828 6,540.00 296.65 6,616.06 300.10 305.9329 6,825.00 309.58 6,753.85 306.35 312.1830 6,956.00 315.52 6,959.99 315.70 321.53

(1) Year to date

2007 HIGHS AND LOWS

2006 MONTHLY AVERAGES

2007 MONTHLY AVERAGES

November 2007


- 22 -

TABLE 10. WORLD COPPER AND COPPER ALLOY SEMIFABRICATES PRODUCTION 1/2/

Thousand metric tonnes, gross weight

COUNTRY Semis- 2003 2004 2005 2006Type p/ Mar Apr May Jun Jul Aug

Albania Copper 0.1 Benelux 3/ Total 365.5 388.6 337.0

Copper 213.9 250.4 251.6 Brazil 4/ Not Specif. 123.0 143.8 136.1

Total 336.9 394.2 387.7 Bulgaria Total 22.8 36.7 46.6

Copper 64.9 71.3 77.8 Chile Not Specif. 36.3 40.0 34.5

Total 101.2 111.3 112.3 Copper 2,681.0 2,930.2 3,234.0

China Cu Alloy 1,227.0 1,327.0 1,434.0 Total 3,908.0 4,257.2 4,668.0 5,065.2 492.0 517.5 538.6 571.6 577.3 535.7Copper 10.9 14.7 14.6

Czech Rep. Cu Alloy 19.4 8.9 12.7 Total 30.3 23.6 27.3

Egypt Total 68.0 81.0 104.0 107.0 Copper 524.6 519.7 486.5 499.8 46.0 33.8 30.2 42.9 34.1 21.1

France Cu Alloy 132.9 130.0 113.7 116.4 11.3 8.2 7.8 8.8 8.0 3.3 Total 657.5 649.7 600.2 616.2 57.3 42.0 38.1 51.6 42.1 24.4Copper 1,056.1 1,024.3 1,036.5 1,219.2 116.9 95.0 107.0 101.9 104.3 97.9

Germany Cu Alloy 582.5 618.9 567.1 650.6 66.3 53.4 55.0 54.5 54.9 50.3 Total 1,638.6 1,643.2 1,603.6 1,869.8 183.2 148.4 162.0 156.4 159.1 148.2

Greece Total 103.1 100.9 106.5 Copper 13.2 8.9 2.9

Hungary Cu Alloy 5.8 11.2 0.0 Total 19.0 20.1 2.9

India 5/ Copper 242.6 241.2 275.6 316.0 31.7 32.7 32.7 32.7 34.8 34.8Indonesia Total 180.9 Iran Total

Copper 582.2 635.0 627.7 705.5 61.4 64.2 64.2 64.2 50.2 50.2Italy Cu Alloy 669.6 708.9 648.1 721.9 67.0 59.0 59.0 59.0 41.9 41.9

Total 1,251.8 1,343.9 1,275.8 1,427.4 128.4 123.2 123.2 123.2 92.1 92.1Copper 1,171.0 1,234.3 1,243.2 1,300.8 107.0 113.1 100.6 108.2 112.4 82.8

Japan Cu Alloy 513.7 530.4 501.2 540.0 44.3 43.1 41.0 42.1 41.3 37.1 Total 1,684.7 1,764.8 1,744.4 1,840.8 151.3 156.2 141.6 150.4 153.7 119.9

Kazakhstan Total 60.6 53.0 14.2 33.9 3.5 3.5 3.6 3.5 3.3 3.4Copper 956.4 1,020.3 906.9

Korean Rep. Cu Alloy 359.1 366.4 397.9 Total 1,315.5 1,386.7 1,304.9

Malaysia Total 230.8 Copper 369.0 398.0 417.2

Mexico Cu Alloy 52.9 54.2 51.7 Total 421.9 452.3 468.8 Copper 240.9 262.1 258.3 262.9

Poland Cu Alloy 53.9 60.7 55.1 49.6 Total 294.8 322.7 313.4 312.4

Romania Total 25.5 48.4 47.0 Russian Fed. Total 498.2 653.0 665.7 Scandinavia Total 326.6 330.1 312.8 Serbia Total 38.4 47.8 50.2

2007


- 23 -

TABLE 10. WORLD COPPER AND COPPER ALLOY SEMIFABRICATES PRODUCTION 1/2/

Thousand metric tonnes, gross weight

COUNTRY Semis- 2003 2004 2005 2006Type p/ Mar Apr May Jun Jul Aug

2007

Copper 4.3 1.2 0.5 Slovakia Cu Alloy 11.9 13.1 9.1

Total 16.2 14.2 9.6 Slovenia Total 8.0 7.1 6.6 South Africa Copper 64.0 71.9 69.8

Copper 287.4 301.7 270.9 264.9 25.5 22.6 27.2 25.1 26.1 11.9Spain Cu Alloy 67.0 65.1 62.6 64.4 5.7 5.6 5.6 5.6 5.3 1.3

Total 354.4 366.8 333.5 329.3 31.2 28.1 32.8 30.7 31.4 13.2Switzerland Total 29.3 34.0 28.5

Copper 476.6 519.6 487.6 484.4 44.6 45.5 42.3 40.1 40.7 39.6Taipei, China Cu Alloy 112.1 132.8 116.5 113.8 9.0 9.3 8.6 8.8 8.4 8.7

Not Specif. 316.8 331.3 319.0 322.5 26.0 24.8 27.0 26.8 26.5 25.2 Total 905.5 983.7 923.1 920.7 79.6 79.6 77.9 75.7 75.5 73.6

Thailand 6/ Total 185.7 221.3 237.3 Turkey Total 351.2 336.9 362.0

Copper 15.7 34.2 42.3 Ukraine Cu Alloy 10.6 24.3 34.2

Total 26.3 58.5 76.4 Copper 240.0 239.8 204.7

United Kingdom Cu Alloy 75.5 76.3 64.0 Total 315.6 316.1 268.7 Copper 2,404.4 2,708.1 2,520.3 2,273.8 213.2 210.2 219.7 219.3 188.1 205.7

United States 7/ Cu Alloy 671.0 727.5 694.2 702.0 58.1 53.3 53.5 54.3 45.3 52.7 Total 3,075.4 3,435.5 3,214.5 2,975.8 271.3 263.5 273.2 273.6 233.3 258.3

Uzbekistan Total 10.4 11.3 Vietnam Total 41.0 Zambia Total 15.0 19.7 25.2 Others Total 167.7 163.9 167.0

Copper 13,865.4 14,536.5 14,409.5 7,361.1 649.8 620.5 627.5 637.8 594.0 547.4

WORLD TOTALS Cu Alloy 4,844.8 5,095.5 5,010.3 2,958.6 261.8 231.8 230.5 233.0 205.1 195.4

By Semifabricate Not Specif. (8) 678.7 759.2 771.5 5,494.7 518.0 542.3 565.7 598.4 603.8 560.9

Type Total 19,388.9 20,391.2 20,191.3 15,814.5 1,429.6 1,394.7 1,423.6 1,469.3 1,402.8 1,303.8Source: Official country and company reports.

p/ Preliminary. For some countries incomplete.1/ Semifabricate types do not include castings at foundries, or chemicals.2/ Beginning with the March 03 issue of the Copper Bulletin, "copper semis" includes only wire rod and wire drawn from other unwrought copper shapes besides brassmill products. Production of downstream wire mill products, which does not represent the first use of refined copper, is excluded and historical data has been adjustedto reflect this change.3/ From 2001 onwards only Belgium (source: Statistical Office)4/ Copper content5/ Copper wire rod production ("CCR"). From 2003 onwards only production from refined producers.6/ From 1999 onwards, only copper tube and copper wire rod.7/ 2006 data may not be comparable to prior year periods8/ Includes all semis production of not specified composition.


- 24 -

TABLE 11A. IMPORTS OF COPPER ORES AND CONCENTRATES 1/

Thousand metric tonnes, gross weight and copper content

COUNTRY UNIT 2003 2004 2005 2006p/ Mar Apr May Jun Jul Aug

Australia Gross Wt. 15.7 0.0 2.4 Cu Cont. 4.7 0.0 0.7

Belgium Gross Wt. 0.1 0.9 5.2 17.7 1.2 1.7 0.8 1.2 1.2 2.5Cu Cont. 0.0 0.3 1.6 5.4 0.4 0.5 0.2 0.4 0.4 0.7

Brazil Gross Wt. 412.6 541.1 403.0 535.9 79.5 41.3 23.3 29.5 82.7 27.4Cu Cont. 131.3 192.0 120.9 160.8 23.8 12.4 7.0 8.9 24.8 8.2

Bulgaria Gross Wt. 454.9 561.6 632.3 581.1 36.8 4.7 13.1 52.8 31.8 63.5Cu Cont. 136.5 168.0 189.7 174.3 11.0 1.4 3.9 15.9 9.6 19.0

Canada Gross Wt. 246.3 219.7 272.1 347.5 12.5 11.1 5.6 23.4 8.5 8.8Cu Cont. 73.8 65.9 81.6 104.3 3.7 3.3 1.7 7.0 2.5 2.7

Chile Gross Wt. 5.0 58.2 73.0 126.6 6.5 10.6 10.6 10.6 0.6 0.6Cu Cont. 1.5 17.4 21.7 37.8 2.0 3.2 3.2 3.2 0.2 0.2

China Gross Wt. 2,669.7 2,869.5 4,060.0 3,613.3 313.4 483.4 366.4 383.6 367.5 556.4Cu Cont. 800.9 860.8 1,217.7 1,084.0 94.0 145.0 109.9 115.1 110.3 166.4

Finland Gross Wt. 543.1 528.9 504.7 544.4 72.2 21.0 33.6 46.7 19.1 51.6Cu Cont. 162.9 158.7 151.4 163.3 21.7 6.3 10.1 14.0 5.7 15.5

Germany Gross Wt. 880.3 1,141.8 1,149.1 1,148.4 91.6 2.1 236.9 93.3 52.8 153.1Cu Cont. 264.1 342.6 344.4 344.7 27.5 0.6 71.1 28.0 15.9 45.9

India Gross Wt. 610.3 774.1 1,072.9 2,408.4 228.2 Cu Cont. 183.0 232.2 321.9 722.6 68.5

Indonesia Gross Wt. 0.0 0.0 48.0 25.0 0.0 0.0 Cu Cont. 0.0 0.0 14.4 7.5 0.0 0.0

Japan Gross Wt. 4,108.3 4,457.5 4,320.0 4,539.6 510.3 407.8 342.9 423.1 398.2 358.0Cu Cont. 1,232.5 1,292.5 1,252.8 1,326.6 153.1 122.3 102.9 126.9 119.5 107.4

Kazakhstan Cu Cont. 17.8 29.7 1.3 Korean Rep. Gross Wt. 1,325.3 1,307.9 1,393.7 1,458.1 75.2 107.5 138.2 113.8 112.0 146.1

Cu Cont. 397.5 392.4 417.8 437.4 22.6 32.2 41.5 34.1 33.6 43.8Mexico Gross Wt. 5.0 0.0 22.2 91.5 0.0 0.0

Cu Cont. 1.5 0.0 6.7 27.5 0.0 0.0 Namibia Cu Cont. 10.8 10.6 0.0 Oman Gross Wt. 191.8 31.7 96.2

Cu Cont. 57.5 9.5 28.9 Philippines Gross Wt. 452.0 617.0 705.7 508.8 39.3 26.1 22.0 24.2 11.7 59.8

Cu Cont. 135.6 185.2 211.7 152.4 11.8 7.8 6.6 7.3 3.5 17.9Poland Cu Cont. 13.2 33.9 0.0 0.0 3.3 0.0 0.0 3.3Russian Fed. Gross Wt. 12.3 117.1 122.9 77.1 1.8 2.2 2.1 4.8 4.7 5.9

Cu Cont. 3.7 35.1 36.9 23.0 0.5 0.7 0.6 1.5 1.4 1.8South Africa Gross Wt. 63.8 62.4 59.4 57.6 6.0 4.5 2.8 3.6 2.6 3.8

Cu Cont. 19.0 18.6 18.0 17.1 1.8 1.4 0.8 1.1 0.8 1.1Spain Gross Wt. 1,041.2 777.0 1,039.6 945.0 120.6 75.3 17.7 67.7 98.2 58.7

Cu Cont. 286.9 233.1 311.9 280.8 36.2 22.6 5.3 20.3 29.5 17.6Sweden Gross Wt. 300.6 339.1 299.3 273.1 25.3 32.4 45.9 13.2 24.1 75.8

Cu Cont. 90.2 101.7 89.4 81.9 7.6 9.7 13.8 4.0 7.2 22.8Thailand Gross Wt. 86.3 100.1 10.1 22.3 20.1 0.0

Cu Cont. 25.9 30.0 3.0 6.7 6.0 0.0 Turkey Gross Wt. 54.4 10.4 44.5 8.7

Cu Cont. 16.4 3.2 13.5 2.6 United Kingdom Gross Wt. 0.6 0.3 0.2 2.6 0.1 0.2 0.0 0.0 0.0 0.0

Cu Cont. 0.2 0.1 0.1 0.8 0.0 0.1 0.0 0.0 0.0 0.0United States Gross Wt. 90.2 22.9 0.2

Cu Cont. 27.1 6.9 0.2 Serbia Gross Wt. 8.0 7.9 115.3 125.7 4.0 6.7 6.7 6.7 2.7 2.7

Cu Cont. 2.4 2.4 33.7 37.5 1.2 2.0 2.0 2.0 0.8 0.8Zambia Cu Cont. 6.7 Others Cu Cont. 34.8 58.2 2.7 0.5 0.1 0.1 0.1 0.2 0.1 0.2

TOTAL IMPORTS, copper content 4,074.7 4,431.0 4,969.9 5,230.9 494.2 377.7 383.9 389.7 365.7 475.4

EU-15 2/ Gross Wt. 2,427.3 2,452.7 2,635.2 2,695.5 267.3 93.4 286.0 191.5 166.5 322.3Cu Cont. 728.2 735.8 790.3 808.6 80.2 28.0 85.8 57.5 49.9 96.7

EU-25 3/ Gross Wt. 2,435.6 2,681.0 2,795.8 Cu Cont. 730.7 804.3 839.7

EU-27 4/ Gross Wt. 302.8 96.9 305.2 232.8 193.4 395.5Cu Cont. 90.8 29.1 91.6 69.9 58.0 118.6

Source: Official country trade statistics.p/ Preliminary. For some countries incomplete.1/ Conversion from Gross to Net, or vice versa, is based on 30% Cu grade, if no specific information available.2/ Includes only Extra EU-15 trade. 3/ Includes only Extra EU-25 trade. 4/ Includes only Extra EU-27 trade.

2007


- 25 -

TABLE 11B. EXPORTS OF COPPER ORES AND CONCENTRATES 1/



Argentina Gross Wt. 696.4 692.8 690.6 671.7 50.7 50.1 50.1 50.1 55.0 55.0Cu Cont. 191.5 190.5 189.9 201.6 15.2 15.0 15.0 15.0 16.5 16.5

Australia Gross Wt. 1,366.4 1,184.0 1,607.0 1,634.4 129.9 121.6 121.6 121.6 165.8 165.8Cu Cont. 409.9 355.2 482.1 490.4 39.0 36.5 36.5 36.5 49.7 49.7

Armenia Gross Wt. 59.4 51.4 26.0 Cu Cont. 14.9 12.8 6.5

Bulgaria Gross Wt. 72.9 78.7 124.7 193.4 6.9 13.5 39.4 12.8 8.5 3.6Cu Cont. 14.6 15.7 25.2 58.0 2.1 4.1 11.8 3.8 2.5 1.1

Brazil Gross Wt. 0.0 229.3 387.8 364.0 42.6 74.3 38.1 42.5 76.6 36.4Cu Cont. 0.0 66.5 112.3 106.8 12.8 22.3 11.4 12.7 23.0 10.9

Canada Gross Wt. 569.5 529.8 841.3 768.2 38.9 46.4 49.5 33.9 89.7 45.5Cu Cont. 170.9 158.9 252.4 230.4 13.9 13.9 14.8 10.2 26.9 13.7

Chile Gross Wt. 5,135.9 6,510.9 6,596.1 6,285.9 591.4 488.6 555.4 536.3 620.6 402.3Cu Cont. 1,797.5 2,278.8 2,190.0 2,171.5 207.0 171.0 194.4 187.7 217.2 140.8

China Gross Wt. 62.1 14.4 0.9 0.0 0.0 0.7 0.7 0.0 0.0 0.0Cu Cont. 20.6 4.3 0.1 0.0 0.0 0.2 0.2 0.0 0.0 0.0

Colombia Gross Wt. 9.2 7.9 5.3 15.6 Cu Cont. 2.2 2.4 1.6 4.5

Georgia Gross Wt. 72.2 61.9 64.2 Cu Cont. 14.4 15.5 16.1

Germany Gross Wt. 48.6 49.5 45.7 54.0 4.6 9.6 2.8 4.3 16.9 5.1Cu Cont. 14.4 14.7 13.7 16.5 1.4 2.9 0.9 1.3 5.1 1.5

India Gross Wt. 0.3 19.0 0.0 44.5 Cu Cont. 0.1 5.7 0.0 13.3

Indonesia Gross Wt. 2,381.6 1,807.8 2,382.9 2,330.8 212.3 138.0 192.1 152.6 Cu Cont. 762.1 578.2 762.5 699.2 63.7 41.4 57.6 45.8

Kazakhstan Gross Wt. 219.1 259.8 126.0 81.9 17.1 28.6 21.5 17.4 10.5 20.4Cu Cont. 65.7 77.9 37.8 24.6 5.1 8.6 6.4 5.2 3.2 6.1

Mexico Gross Wt. 142.5 239.8 132.1 112.0 6.1 7.7 18.2 8.4 21.0 8.4Cu Cont. 42.9 71.9 39.6 33.5 1.8 2.3 5.5 2.5 6.3 2.5

Mongolia Gross Wt. 512.2 562.6 587.1 539.2 36.8 46.4 46.2 46.7 46.3 49.1Cu Cont. 130.5 126.5 129.2 130.1 8.7 11.1 11.1 11.3 10.9 11.8

Morocco Gross Wt. 18.4 12.4 14.8 17.7 2.3 0.7 0.7 0.7 Cu Cont. 5.2 3.7 4.4 5.7 0.7 0.2 0.2 0.2

Macedonia Gross Wt. 3.7 0.6 21.4 Cu Cont. 0.9 0.2 6.4

Papua New Guinea 5/ Gross Wt. 632.3 561.3 622.6 626.3 48.4 Cu Cont. 196.0 174.0 193.0 194.1 15.0

Peru Gross Wt. 1,045.6 1,607.5 1,608.4 1,760.5 290.7 192.0 191.9 192.7 227.5 202.7Cu Cont. 313.1 482.1 482.7 528.3 87.2 57.6 57.6 57.8 68.3 60.8

Philippines Gross Wt. 40.3 29.8 61.4 68.9 6.1 6.2 9.5 6.1 7.1 6.5Cu Cont. 10.3 8.9 18.4 20.7 1.8 1.9 2.9 1.8 2.1 1.9

Poland Gross Wt. 0.0 9.3 Cu Cont. 2.7

Portugal Gross Wt. 324.5 346.5 375.3 323.3 50.6 31.7 31.0 42.7 21.9 20.9Cu Cont. 76.4 83.2 90.1 79.7 11.6 7.2 7.1 10.1 5.0 4.8

Romania Gross Wt. 94.7 81.5 84.1 72.9 1.9 2.3 0.9 1.0 0.9 Cu Cont. 24.0 20.4 21.0 21.9 0.6 0.7 0.3 0.3 0.3

Russian Fed. Gross Wt. 3.7 71.4 96.3 1.7 4.5 Cu Cont. 1.1 21.3 29.1 0.5 1.4

South Africa Gross Wt. 25.8 41.1 50.2 139.4 13.8 35.3 7.5 44.2 8.9 16.7Cu Cont. 7.8 12.3 15.0 42.0 4.1 10.6 2.2 13.3 2.7 5.0

Spain Gross Wt. 1.7 4.3 14.0 1.5 0.0 Cu Cont. 0.5 0.8 4.2 0.4 0.0

Sweden Gross Wt. 0.1 4.8 Cu Cont. 0.0 1.4

2007


- 26 -

TABLE 11B. EXPORTS OF COPPER ORES AND CONCENTRATES 1/



2007

Turkey Gross Wt. 151.7 180.6 148.1 19.0 Cu Cont. 41.0 54.3 44.4 5.7

United States Gross Wt. 32.8 60.4 208.2 398.4 23.7 26.8 40.5 39.4 27.9 44.4Cu Cont. 9.9 23.7 62.4 108.2 7.1 8.0 12.2 11.8 8.4 13.3

Others Cu Cont. 12.6 2.7 62.6 1.9 0.0 0.2 0.2 4.7 6.1 2.0

TOTAL EXPORTS, Copper content 4,351.0 4,863.2 5,292.6 5,188.0 498.8 415.6 448.2 437.9 455.4 342.5

EU-15 2/ Gross Wt. 27.2 46.9 27.9 39.5 0.8 0.0 0.0 0.3 0.0 0.1Cu Cont. 8.2 14.1 8.5 11.9 0.2 0.0 0.0 0.1 0.0 0.0

EU-25 3/ Gross Wt. 46.6 27.8 39.5 Cu Cont. 14.0 8.3 11.9

EU-27 4/ Gross Wt. 9.4 14.4 31.0 4.7 9.2 3.7Cu Cont. 2.4 4.3 9.3 1.4 2.8 1.1

Source: Official country trade statistics.p/ Preliminary. For some countries incomplete.1/ Conversion from Gross to Net, or vice versa, is based on 30% Cu grade, if no specific information available2/ Includes only Extra EU-15 trade. 3/ Includes only Extra EU-25 trade. 4/ Includes only Extra EU-27 trade.5/ No trade data available for 2004-2007. Assumes all production is exported

TABLE 12A. IMPORTS OF COPPER BLISTER AND ANODEThousand metric tonnes, copper in blister and anode

COUNTRY 2003 2004 2005 2006p/ Mar Apr May Jun Jul Aug

Austria 8.1 14.8 20.1 26.5 3.2 2.2 2.8 1.8 3.1 1.4Australia 1.1 1.7 0.1 0.9 1.7 0.0 0.0 0.0 0.0 0.0Belgium 291.2 291.1 237.6 267.5 13.3 17.9 10.7 27.7 20.5 27.8Brazil 1.1 0.1 1.4 0.2 0.0 0.0 0.0Canada 127.4 148.4 159.0 93.4 10.9 9.6 0.1 21.1 0.0 0.3China 123.4 114.4 129.2 88.5 11.3 12.6 8.5 8.9 13.8 12.2France 0.1 0.2 0.3 0.3 0.1 0.0 0.0 0.0 0.1 0.0Germany 17.3 11.6 36.7 41.6 3.3 1.6 3.8 1.6 2.7 2.4India 0.4 1.4 4.4 5.6 0.2 Italy 0.3 0.2 1.0 0.3 0.3 0.0 0.1 0.0 0.0 0.0Japan 4.1 6.4 2.4 9.5 1.0 4.0 2.0 0.2 1.1 0.9Korean Rep. 51.0 53.5 32.7 87.1 10.7 6.9 5.4 6.7 5.9 4.5Malaysia 0.2 5.2 1.5 0.7 0.0 0.0 0.0 0.0 Mexico 63.2 70.0 64.2 77.7 4.6 4.0 10.4 8.1 6.3 4.9Netherlands 2.9 10.2 10.5 18.3 4.0 10.7 6.7 1.8 9.9Pakistan 4.1 12.4 4.5 Philippines 0.2 1.5 1.9 4.2 0.0 2.4 0.0 0.0 0.1 0.0Romania 1.7 1.8 5.0 5.6 0.0Singapore 1.1 1.0 1.2 0.8 0.0 0.0 0.0 0.0 Spain 15.3 2.5 0.3 2.7 0.1 0.1 0.1 0.1 0.0 0.1Sweden 0.0 0.0 15.5 35.6 1.4 0.8 1.0 1.6 0.5 2.2Taiwan 2.1 0.7 1.6 1.8 0.1 0.0 0.0Thailand 0.8 5.8 1.2 33.5 3.3 1.1 0.2 0.1 0.1 0.2Turkey 0.1 29.6 53.2 United Kingdom 0.0 0.1 2.0 0.2 0.0 0.0 0.0United States 1/ 156.9 148.9 133.5 172.2 15.9 14.3 13.8 12.6 14.6 14.6Others 1.7 2.3 6.0 34.7 4.0 3.6 1.6 2.0 2.6 1.8TOTAL IMPORTS 875.8 935.8 926.8 1,009.7 85.4 85.2 71.2 99.4 73.2 83.2

EU-15 2/ 251.3 232.0 239.4 271.4 19.9 17.1 20.2 22.5 19.1 35.2EU-25 3/ 234.6 226.2 267.0 EU-27 4/ 12.8 9.2 17.4 11.3 5.6 17.3Source: Official country trade statistics.p/ Preliminary. For some countries incomplete. 1/ Imports for consumption.2/ Includes only Extra EU-15 trade. 3/ Includes only Extra EU-25 trade. 4/ Includes only Extra EU-27 trade.

2007


- 27 -

TABLE 12 B. EXPORTS OF COPPER BLISTER AND ANODEThousand metric tonnes, copper in blister and anode


Armenia 6.0 9.5 9.2 8.6 0.5 0.7 0.5 0.7 0.7 0.5Australia 6.1 0.1 Belgium 10.5 19.9 4.5 7.4 0.1 1.2 1.0 0.9 0.8 1.0Botswana 1/ Bulgaria 173.0 170.0 177.4 168.5 13.2 5.2 1.1 10.8 16.0 17.1Canada 84.2 76.0 87.1 88.3 6.4 11.2 9.0 8.1 7.0 10.6Chile 275.9 336.1 321.4 457.1 37.2 39.6 40.5 35.2 23.0 38.6China 1.5 1.3 3.7 2.7 Finland 33.1 25.6 29.7 35.0 1.4 0.7 1.0 1.6 0.5 2.2France 5.7 6.2 3.4 2.7 0.1 0.0 0.1 0.0 0.0 0.0Germany 1.6 0.1 1.4 3.2 0.0 0.0 0.0 0.0 0.0Hong Kong 0.9 0.9 1.8 0.2 India 4.4 1.9 7.6 7.9 0.0 Indonesia 17.2 1.0 0.0 0.0 5.0 0.0 Italy 0.7 6.7 2.8 3.6 0.5 0.5 0.5 0.4 0.9 0.6Japan 10.4 8.1 11.8 9.3 0.6 0.7 0.9 0.7 0.7 0.9Kazakhstan 5.7 10.0 7.1 2.1 Mexico 16.1 21.3 17.8 19.8 2.1 3.9 2.5 2.5 1.4 1.4Namibia 26.9 25.7 Netherlands 0.0 19.7 2.2 0.4 4.0 10.7 6.7 1.8 9.9Peru 25.4 28.2 49.7 20.0 0.0 7.0 0.5Philippines 0.0 0.2 0.0 Poland 0.0 0.0 Romania 0.2 0.0 Russian Fed. 0.0 0.0 0.0 6.7 Singapore 1.3 1.0 0.5 0.7 0.0 0.0 0.0 0.0 South Africa 16.2 3.0 7.0 11.8 1.1 0.1 0.6 0.1 2.8 0.1Spain 37.4 50.9 62.3 45.9 2.7 3.2 4.1 2.7 2.4 4.1Sweden 0.9 0.1 0.1 0.0 0.1 0.1 0.1Taipei, China 0.6 0.9 1.9 0.3 0.0 0.0 0.0 0.0Turkey 15.5 5.4 11.3 Ukraine United Kingdom 0.9 0.8 0.3 0.2 0.0 0.0 0.0 0.0 0.0 0.1United States 26.1 46.5 41.7 18.9 2.6 1.2 1.2 1.2 0.6 1.4Others 9.3 16.9 34.7 27.0 4.2 2.4 3.7 1.9 3.1 1.8TOTAL EXPORTS 786.6 895.3 924.1 948.1 72.7 79.7 77.5 73.6 68.9 90.9

EU-15 2/ 19.8 40.2 14.9 13.9 0.1 0.9 1.5 1.0 1.4 1.4EU-25 3/ 40.3 14.1 2.3 EU-27 4/ 3.9 0.2 0.5 0.4 4.9 3.6

Source: Official country trade statistics.p/ Preliminary. For some countries it represents partial year.1/ Copper content of copper/nickel matte.2/ Includes only Extra EU-15 trade.3/ Includes only Extra EU-25 trade.4/ Includes only Extra EU-27 trade.

2007


- 28 -

TABLE 13A. IMPORTS OF REFINED COPPERThousand metric tonnes, refined copper


Argentina 12.0 17.1 17.6 14.3 1.3 1.4 1.4 1.4 1.3 1.3Australia 23.3 0.4 1.9 1.1 0.0 0.0 0.0 0.0 0.3 0.3Austria 28.1 17.6 21.2 29.3 3.3 2.6 1.8 1.3 1.7 1.1Belgium 58.3 17.3 9.5 21.8 2.8 4.4 4.2 1.0 1.6 1.9Brazil 151.2 154.2 167.7 175.5 17.5 15.8 17.9 22.5 15.6 21.7Bulgaria 3.1 8.1 18.4 17.5 8.9 4.2 0.0 0.0 0.0 0.0Canada 21.7 53.3 64.4 60.2 0.3 1.2 0.4 0.7 1.4 0.3China 1,357.3 1,200.1 1,222.2 827.1 201.2 186.2 116.7 108.1 98.5 87.2Colombia 5.2 8.6 12.8 12.4 0.6 1.1 1.1 1.1 0.6 0.6Czech Rep. 6.1 4.3 4.0 4.5 0.7 1.2 1.1 1.8 2.0 1.4Finland 0.1 0.0 0.0 0.0 0.2 France 578.5 590.3 516.9 506.7 43.1 26.0 50.3 40.6 31.2 29.7Germany 516.6 584.9 703.7 881.5 75.7 57.9 80.4 73.5 53.8 74.0Greece 108.7 120.1 90.6 106.4 9.3 12.5 14.3 7.6 9.8 5.4Hong Kong, China 65.3 46.7 47.1 37.2 3.4 3.2 3.2 3.2 Hungary 11.8 8.6 1.3 0.7 0.1 0.1 0.1 0.1 0.1 0.1India 45.9 31.1 36.8 15.8 1.0 Indonesia 15.9 15.8 21.1 17.6 0.4 0.4 0.5 0.2 Iran 27.8 23.6 23.0 Italy 650.8 700.8 654.4 774.1 67.2 62.6 67.9 76.6 64.9 21.0Japan 78.7 88.2 74.1 75.2 6.3 14.5 12.0 10.7 7.2 3.2Kazakhstan 0.1 0.1 0.1 0.8 0.3 0.1 0.3 0.5 0.3 0.1Korean Rep. 437.8 487.7 428.1 380.3 31.6 47.4 38.1 47.1 28.3 37.7Malaysia 134.2 Mexico 64.6 56.9 52.3 46.1 1.4 1.4 3.2 2.2 1.8 1.6Netherlands 120.9 125.3 135.0 147.4 32.8 23.3 23.8 27.7 26.7 19.3New Zealand 0.1 Pakistan 14.8 17.4 18.7 23.8 Philippines 12.6 10.7 9.7 6.9 0.7 0.2 0.7 0.7 0.8 0.9Poland 0.4 1.0 0.7 5.5 0.6 0.2 0.4 0.7 0.6 0.3Portugal 2.4 1.7 0.0 0.1 0.0 0.0 0.0 0.0 0.3 0.0Romania 1.4 4.1 3.4 5.9 0.6 2.4 2.1 2.3 0.7 2.2Russian Fed. 0.8 0.0 0.4 2.2 0.0 0.0 0.0 0.0 0.0 Saudi Arabia 79.2 81.8 91.8 Singapore 34.1 48.1 41.3 124.1 5.0 2.8 2.8 2.8 Slovakia 3.6 1.1 1.5 1.6 0.1 0.1 0.1 0.0 0.1 0.1Slovenia 1.2 1.2 1.1 1.4 South Africa 1.3 14.3 10.1 5.6 1.1 0.5 0.4 0.7 0.6 0.4Spain 33.7 74.3 69.1 63.1 5.4 2.9 6.6 6.8 5.3 3.0Sweden 48.5 34.9 40.1 41.1 2.0 1.9 3.0 2.4 1.6 2.4Switzerland 5.1 6.7 4.7 4.8 0.7 0.4 0.4 0.4 0.4 0.4Taipei, China 621.6 692.4 640.2 645.7 66.9 55.8 61.7 49.1 58.9 50.3Thailand 204.4 224.1 234.5 267.4 20.8 16.7 21.0 22.2 21.3 24.8Tunisia 3.2 3.9 Turkey 229.1 217.3 232.5 177.8 8.5 8.7 10.3 7.1 14.8 9.1Ukraine 13.4 11.0 7.4 0.4 0.5 0.6 0.7 0.9United Kingdom 246.5 214.1 181.8 184.0 4.1 3.1 3.5 3.5 4.3 3.9United States 1/ 882.2 703.9 977.1 1,073.1 68.4 65.8 80.1 58.9 66.6 77.7Vietnam 43.5 50.1 Venezuela 0.3 2.8 2.7 Serbia 16.7 38.7 43.2 14.2 1.5 2.0 2.0 2.0 1.9 1.9Zimbabwe 15.6 Others 68.7 79.8 165.0 26.9 0.1 0.1 0.2 0.2 0.1 0.1TOTAL IMPORTS 7,075.9 6,913.9 7,108.3 6,835.9 695.4 631.5 634.6 588.5 526.2 486.2EU-15 2/ 1,910.9 2,044.1 1,789.8 2,159.5 195.4 156.5 191.7 182.7 159.9 117.3EU-25 3/ 1,843.9 1,608.9 1,914.5 EU-27 4/ 179.7 140.7 177.7 173.1 139.0 110.5Source: Official country trade statistics.

p/ Preliminary. For some countries incomplete. 1/ Imports for consumption.2/ Includes only Extra EU-15 trade. 3/ Includes only Extra EU-25 trade. 4/ Includes only Extra EU-27 trade.

2007


- 29 -

TABLE 13 B. EXPORTS OF REFINED COPPERThousand metric tonnes, refined copper


Australia 324.0 322.9 315.5 286.7 28.7 26.3 26.3 26.3 19.0 19.0Austria 68.1 57.5 83.3 84.2 7.9 6.5 6.7 6.3 5.4 4.1Belgium 336.6 169.6 241.4 236.8 18.8 19.0 22.0 14.6 16.5 13.9Brazil 24.0 21.9 39.7 56.0 8.6 7.8 8.3 8.6 6.6 9.9Bulgaria 42.6 48.2 40.4 37.1 3.1 3.3 4.1 2.2 3.0 1.6Canada 218.9 279.8 297.0 279.9 30.0 31.8 21.1 15.6 10.9 13.4Chile 2,565.5 2,950.3 2,782.1 2,605.7 229.0 265.7 362.5 196.1 255.8 204.4China 64.4 123.9 140.2 243.0 3.1 4.3 16.7 15.6 26.4 21.0Cyprus 2.6 1.3 0.0 0.9 0.2 0.2 0.3 0.2 0.2 0.3Czech Rep. 0.9 7.2 3.4 9.5 0.2 0.7 0.6 0.9 0.8 0.2Finland 34.3 27.6 40.2 55.2 2.6 0.8 0.9 3.4 2.9 1.6France 27.3 54.5 44.7 46.2 7.5 6.5 7.9 7.6 7.9 5.9Germany 117.6 137.2 162.1 146.1 9.0 12.8 6.2 10.5 9.3 7.5Greece 1.5 1.9 1.2 2.6 1.4 0.0 0.0 0.0 0.0 Hong Kong, China 53.8 37.0 34.0 20.7 1.4 1.2 1.2 1.2 India 105.4 132.8 162.8 235.8 21.8 Indonesia 196.0 243.3 280.1 110.9 14.8 14.6 17.1 15.5 Iran 46.9 54.7 31.8 Italy 12.8 17.8 4.5 10.0 0.3 0.3 0.8 0.3 2.2 4.0Japan 289.9 194.6 247.7 319.8 44.5 37.1 31.8 31.0 33.5 40.6Kazakhstan 375.7 391.0 401.2 357.2 30.8 36.5 29.4 36.9 23.1 27.7Korean Rep. 41.9 46.7 86.6 144.0 13.0 8.3 7.8 10.2 7.5 9.8Mexico 20.5 24.1 37.6 62.0 6.6 7.3 4.3 5.3 2.1 3.8Mongolia 1.3 2.5 2.3 2.4 Myanmar Netherlands 10.6 9.3 34.4 25.1 22.0 26.7 24.5 28.8 20.7Norway 35.4 35.6 37.7 38.2 4.2 2.7 1.5 2.0 2.4 3.6Oman 17.0 7.4 16.9 7.4 Peru 461.3 447.4 469.2 441.7 18.0 27.8 20.3 41.0 28.3 28.8Philippines 161.3 160.0 113.7 177.2 13.8 16.7 18.3 8.0 2.8 9.1Poland 276.6 275.1 290.5 287.7 22.5 23.1 23.4 22.8 17.1 16.2Romania 0.4 0.0 0.1 0.7 0.0 Russian Fed. 395.4 331.5 300.7 273.1 30.7 14.5 24.5 25.0 26.1 31.5Singapore 37.9 39.3 34.4 97.7 11.6 2.9 2.9 2.9 Saudi Arabia 2.4 1.4 South Africa 18.4 10.2 20.2 16.0 3.8 0.6 0.7 3.6 1.5 0.7Spain 47.2 32.7 48.6 37.8 1.2 1.4 1.1 2.1 2.9 6.2Sri Lanka 37.3 33.1 Sweden 77.2 81.9 99.8 87.0 7.3 4.4 5.5 3.5 8.4 5.5Taipei, China 2.1 2.2 2.0 6.6 0.8 2.6 1.4 1.6 0.7 0.7Ukraine 3.3 5.1 5.4 1.1 0.4 0.3 0.3 0.3 0.2United Kingdom 2.2 6.6 16.0 6.7 0.5 0.8 0.7 0.9 0.9 1.2United States 93.3 127.1 51.1 123.6 5.1 3.6 3.9 6.5 3.7 3.4Uzbekistan 64.0 39.3 Serbia 8.2 4.9 21.9 13.7 0.9 0.8 0.8 0.8 1.0 1.0Zambia 353.4 393.1 405.4 475.7 42.0 26.9 36.4 42.0 33.1 48.4Others 3.4 15.7 35.2 55.2 11.2 6.5 5.4 4.1 3.1 3.7TOTAL EXPORTS 7,037.6 7,410.6 7,517.0 7,529.0 657.8 648.5 750.1 599.7 594.3 569.2EU-15 1/ 78.8 79.9 110.5 138.9 12.0 12.0 10.0 12.8 11.0 15.3EU-25 2/ 123.2 157.9 102.2 EU-27 3/ 10.4 10.0 9.7 10.6 7.6 15.9Source: Official country trade statistics.

p/ Preliminary. For some countries incomplete.1/ Includes only Extra EU-15 trade. 2/ Includes only Extra EU-25 trade. 3/ Includes only Extra EU-27 trade.

2007


- 30 -

TABLE 14A. IMPORTS OF COPPER ALLOY INGOTSThousand metric tonnes, gross weight metal

COUNTRY Ingot 2003 2004 2005 2006Type p/ Mar Apr May Jun Jul Aug

Cu Alloy 3.348 2.839 2.466 3.849 0.164 0.242 0.242 0.242 0.625 0.625Australia Master 0.780 1.085 0.447 0.052 0.041 0.041 0.041 0.029 0.029

Total 4.128 3.924 2.913 3.849 0.216 0.283 0.283 0.283 0.654 0.654Cu Alloy 2.590 2.004 1.584 2.370 0.071 0.162 0.310 0.238 0.111 0.235

Austria Master 0.457 0.435 0.431 0.049 0.006 0.030 0.049 0.101 0.024 Total 3.047 2.439 2.015 2.370 0.120 0.167 0.340 0.287 0.212 0.259Cu Alloy 3.040 2.620 2.006

Belarus Master 0.008 0.012 0.012 Total 3.048 2.632 2.018 Cu Alloy 1.440 1.329 1.740 1.020 0.035 0.042 0.144 0.103 0.176 0.300

Belgium Master 0.184 0.181 0.165 0.048 0.026 0.032 0.018 0.035 0.021 Total 1.624 1.510 1.905 1.020 0.083 0.068 0.176 0.121 0.211 0.321Cu Alloy 6.528 14.369 13.999 12.002 0.706 0.947 0.662 0.778 0.483 0.771

Canada Master 0.531 0.574 0.373 0.416 0.071 0.051 0.031 0.034 0.036 0.013 Total 7.059 14.943 14.372 12.418 0.777 0.998 0.693 0.812 0.519 0.784Cu Alloy 81.560 65.975 61.481 46.024 5.059 5.857 4.634 4.963 4.600 5.221

China Master 0.425 0.580 2.137 Total 81.985 66.555 63.618 46.024 5.059 5.857 4.634 4.963 4.600 5.221Cu Alloy 2.180 1.967 1.523 2.580

Denmark Master 0.008 0.069 0.000 Total 2.188 2.036 1.523 2.580 Cu Alloy 3.942 2.446 2.841 3.201 0.341 0.106 0.327 0.292 0.191 0.352

Finland Master 0.388 0.332 0.388 Total 4.330 2.778 3.229 3.201 0.341 0.106 0.327 0.292 0.191 0.352Cu Alloy 6.220 5.545 8.000 9.224 2.089 1.166 0.854 0.943 0.720 0.327

France Master 2.094 2.029 2.133 1.803 0.099 0.105 0.132 0.050 0.095 0.057 Total 8.314 7.574 10.133 11.027 2.188 1.271 0.986 0.993 0.815 0.384Cu Alloy 32.047 18.483 23.365 28.950 3.100 2.860 3.616 3.255 4.599 4.470

Germany Master 6.365 5.587 5.431 0.900 0.300 0.903 0.343 0.417 0.836 Total 38.412 24.070 28.796 28.950 4.000 3.160 4.519 3.598 5.016 5.305Cu Alloy 0.550 0.343 0.242 2.559 0.982 0.416 0.071 0.731 0.383 0.000

Greece Master 0.290 0.208 0.246 0.054 0.001 0.040 0.001 0.201 Total 0.840 0.551 0.488 2.559 1.036 0.416 0.111 0.731 0.384 0.201Cu Alloy 7.164 10.458 7.320 7.272 0.497 0.314 0.314 0.314

Hong Kong Master 0.016 0.033 0.306 0.033 0.005 0.002 0.002 0.002 Total 7.180 10.491 7.626 7.305 0.502 0.316 0.316 0.316 Cu Alloy 2.449 2.575 1.768 1.371 0.107 0.145 0.070 0.076 0.124 0.069

Hungary Master 0.110 0.169 0.228 0.108 0.011 0.007 0.006 0.011 0.007 0.001 Total 2.559 2.744 1.996 1.479 0.117 0.152 0.076 0.087 0.131 0.069Cu Alloy 3.700 6.641 6.177 3.390 0.220

India Master 0.048 0.051 0.079 Total 3.748 6.692 6.256 3.390 0.220 Cu Alloy 2.600 1.505 1.294 1.440 0.130 0.170 0.170 0.170

Indonesia Master 0.015 0.073 0.008 Total 2.615 1.578 1.302 1.440 0.130 0.170 0.170 0.170 Cu Alloy 20.780 15.540 7.055 14.340 3.036 2.622 1.829 1.899 2.196 0.404

Italy Master 1.187 1.207 1.011 0.149 0.075 0.068 0.142 0.077 0.069 Total 21.967 16.747 8.066 14.340 3.185 2.697 1.897 2.041 2.273 0.472Cu Alloy 1.281 1.966 2.967 2.217 0.099 0.139 0.153 0.658 0.228 0.154

Japan Master 1.067 1.094 0.821 0.982 0.093 0.073 0.032 0.057 0.020 0.104 Total 2.348 3.060 3.788 3.199 0.192 0.212 0.185 0.715 0.248 0.258Cu Alloy 4.905 2.276 0.545 3.720 0.457 0.682 0.500 1.634 1.272 1.071

Korean Rep. Master 0.430 0.443 0.364 0.041 0.022 0.067 0.009 0.034 0.056 Total 5.335 2.719 0.909 3.720 0.498 0.704 0.567 1.643 1.306 1.127Cu Alloy 2.500 0.000 0.000

Malaysia Master 0.094 0.000 0.216 Total 2.594 0.000 0.216 Cu Alloy 6.048 6.163 5.651 6.840 0.420 0.450 0.450 0.450

Mexico Master 3.490 0.708 0.622 Total 9.538 6.871 6.273 6.840 0.420 0.450 0.450 0.450

2007


- 31 -

TABLE 14A. IMPORTS OF COPPER ALLOY INGOTSThousand metric tonnes, gross weight metal


2007

Cu Alloy 1.356 2.066 1.735 2.085 0.342 0.496 0.326 0.375 0.272 0.391Netherlands Master 0.123 0.104 0.168 0.131 0.020 0.020 0.020 0.040

Total 1.479 2.170 1.903 2.216 0.362 0.516 0.346 0.375 0.312 0.391Cu Alloy 0.427 0.328 0.504

New Zealand Master 0.006 0.008 0.009 Total 0.433 0.336 0.513 Cu Alloy 0.980 2.198 2.064 1.505 0.177 0.095 0.129 0.170 0.053 0.167

Norway Master 0.102 0.024 0.037 0.088 0.000 0.000 Total 1.082 2.222 2.101 1.593 0.177 0.095 0.129 0.170 0.053 0.167Cu Alloy 1.750 1.981 3.141 3.660 0.508 0.316 0.360 0.360 0.427 0.359

Poland Master 0.089 0.116 0.080 0.022 0.014 0.009 0.016 0.003 0.029 Total 1.839 2.097 3.221 3.660 0.530 0.330 0.369 0.376 0.430 0.388Cu Alloy 5.220 6.009 4.360 5.580 0.264 0.514 0.342 0.430 0.397 0.090

Portugal Master 0.018 0.031 0.124 0.020 0.030 0.027 0.051 0.000 Total 5.238 6.040 4.484 5.580 0.284 0.543 0.369 0.430 0.448 0.090Cu Alloy 0.853 1.292 1.288 1.229 0.204 0.176 0.126 0.128 0.131 0.040

Romania Master 0.001 0.017 0.003 0.001 0.000 0.001 0.001 0.002 Total 0.854 1.309 1.288 1.232 0.205 0.176 0.127 0.128 0.132 0.042Cu Alloy 0.555 0.195 0.037 0.010 0.020 0.020

Russian Fed. Master 0.559 0.195 0.037 Total 1.114 0.390 0.074 0.010 0.020 0.020Cu Alloy 5.700 22.469 9.641 12.060 0.840 0.630 0.630 0.630

Singapore Master 0.114 0.236 0.331 Total 5.814 22.705 9.972 12.060 0.840 0.630 0.630 0.630 Cu Alloy 2.504 1.555 1.503

Slovenia Master 0.132 0.132 0.122 Total 2.636 1.687 1.625 Cu Alloy 3.470 2.386 4.122 5.531 0.606 0.614 0.663 0.634 0.398 0.128

Spain Master 0.704 3.386 0.250 0.032 0.039 0.029 0.020 0.027 Total 4.174 5.772 4.372 5.531 0.606 0.646 0.702 0.663 0.418 0.155Cu Alloy 2.555 2.574 2.763 3.961 0.472 0.463 0.510 0.366 0.236 0.295

Sweden Master 0.386 0.208 0.194 0.299 0.080 0.002 0.020 0.022 0.002 Total 2.941 2.782 2.957 4.260 0.552 0.465 0.530 0.366 0.258 0.297Cu Alloy 3.056 3.858 3.429 8.010 0.290 0.330 0.330 0.330 0.300 0.300

Switzerland Master 0.439 0.623 0.468 Total 3.495 4.481 3.897 8.010 0.290 0.330 0.330 0.330 0.300 0.300Cu Alloy 19.197 12.488 9.543 13.862 0.918 0.677 0.702 0.752 1.532 1.237

Taipei, China Master 0.395 0.107 0.102 0.029 0.040 0.040 0.048 0.041 0.030 Total 19.592 12.595 9.645 13.862 0.947 0.717 0.742 0.800 1.573 1.267Cu Alloy 11.748 11.618 10.443 9.930 0.730 0.690 0.690 0.690 0.630 0.630

Thailand Master 0.081 0.117 0.121 Total 11.829 11.735 10.564 9.930 0.730 0.690 0.690 0.690 0.630 0.630Cu Alloy 3.690 4.525 3.708 2.760 0.020 0.090 0.090 0.090 0.150 0.150

Turkey Master 0.074 0.160 0.096 Total 3.764 4.685 3.804 2.760 0.020 0.090 0.090 0.090 0.150 0.150Cu Alloy 4.430 6.478 5.371 5.885 0.347 0.843 0.301 0.533 0.268 0.366

United Kingdom Master 1.761 1.592 0.820 0.922 0.064 0.040 0.027 0.053 0.041 0.075 Total 6.191 8.070 6.191 6.807 0.411 0.883 0.328 0.586 0.309 0.441Cu Alloy 3.953 5.320 5.209 9.253 0.635 0.805 0.986 0.673 0.814 0.565

United States Master 0.080 0.676 0.596 0.967 0.150 0.104 0.082 0.076 0.068 0.092 Total 4.033 5.996 5.805 10.220 0.785 0.909 1.068 0.749 0.882 0.657Cu Alloy 7.988 9.198 8.757 11.904 0.706 1.621 1.561 1.740 0.570 0.531

Others Master 2.018 1.419 1.991 0.384 0.006 0.009 0.064 0.028 0.013 0.032 Total 10.006 10.617 10.748 12.289 0.712 1.630 1.625 1.768 0.583 0.563

Cu Alloy 274.305 261.582 229.642 249.585 24.581 24.680 22.092 24.647 21.905 19.266TOTAL IMPORTS, Master 25.066 24.021 20.964 6.136 1.964 0.999 1.713 1.006 1.152 1.698by Ingot Type Total 299.370 285.603 250.606 255.721 26.544 25.679 23.805 25.653 23.057 20.964

Source: Official country trade statistics.p/ Preliminary. For some countries incomplete.


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TABLE 14B. EXPORTS OF COPPER ALLOY INGOTSThousand metric tonnes, gross weight metal


Cu Alloy 6.557 4.097 4.614 4.980 1.183 0.435 0.435 0.435 0.367 0.367Australia Master 0.000 0.043 0.000 0.001

Total 6.557 4.140 4.614 4.980 1.184 0.435 0.435 0.435 0.367 0.367Cu Alloy 0.850 0.531 0.641 2.430 0.139 0.188 0.245 0.118 0.054 0.179

Austria Master 0.001 0.051 0.045 0.003 0.002 0.009 Total 0.851 0.582 0.686 2.430 0.139 0.191 0.247 0.127 0.054 0.179Cu Alloy 10.997 1.373 2.614 1.050 0.108 0.051 0.223 0.060 0.174 0.312

Belgium Master 10.604 12.183 11.849 0.867 1.052 0.935 1.242 0.653Total 21.601 13.556 14.463 1.050 0.108 0.918 1.275 0.995 1.416 0.965

Bulgaria Cu Alloy 2.900 1.200 1.196 5.001 0.515 1.174 1.008 0.732 0.473 0.210Cu Alloy 2.581 3.523 3.456 7.354 0.355 0.687 0.843 0.483 0.708 0.407

Canada Master 0.010 0.000 0.000 0.103 0.002 0.001 0.002 0.001 0.013Total 2.591 3.523 3.456 7.457 0.358 0.688 0.845 0.484 0.708 0.420Cu Alloy 0.652 0.577 0.364 0.308 0.003 0.011 0.009 0.070 0.005 0.053

China Master 0.594 0.617 0.482 Total 1.245 1.194 0.846 0.308 0.003 0.011 0.009 0.070 0.005 0.053Cu Alloy 0.396 0.619 0.865 3.115 0.317 0.290 0.321 0.364 0.327 0.320

Czech Rep. Master 0.001 0.005 0.006 0.021 0.003 0.003 0.003 0.004 0.002 0.002Total 0.397 0.624 0.871 3.136 0.320 0.293 0.324 0.368 0.329 0.322Cu Alloy 0.051 0.028 0.023 0.036

Denmark Master 0.002 0.029 0.112 Total 0.053 0.057 0.135 0.036 Cu Alloy 0.730 0.903 0.944 1.418 0.045 0.045 0.051 0.043 0.020 0.072

Finland Master 0.000 0.000 0.000 Total 0.730 0.903 0.944 1.418 0.045 0.045 0.051 0.043 0.020 0.072Cu Alloy 6.520 11.455 9.796 9.545 1.104 1.522 1.200 1.549 0.939 0.346

France Master 0.065 0.491 0.063 0.071 0.007 0.016 0.009 0.006 0.016 Total 6.585 11.946 9.859 9.615 1.111 1.539 1.209 1.555 0.955 0.346Cu Alloy 19.150 18.275 18.082 20.153 1.800 1.635 1.623 1.298 1.612 0.921

Germany Master 2.300 2.767 2.947 0.300 0.275 0.203 0.225 0.174 0.202Total 21.450 21.042 21.029 20.153 2.100 1.910 1.826 1.523 1.786 1.123Cu Alloy 8.826 13.049 11.097 10.758 0.811 0.827 0.827 0.827

Hong Kong Master 0.001 0.010 0.011 0.018 0.002 0.002 0.002 0.002 Total 8.827 13.059 11.108 10.776 0.813 0.829 0.829 0.829 Cu Alloy 7.030 9.536 12.357 11.070 1.040

India Master 0.047 0.033 0.050 Total 7.077 9.569 12.407 11.070 1.040 Cu Alloy 0.127 1.028 3.649 2.730 0.100 0.200 0.200 0.200

Indonesia Master 0.304 Total 0.431 1.028 3.649 2.730 0.100 0.200 0.200 0.200 Cu Alloy 7.933 2.341 2.465

Iran Master Total 7.933 2.341 2.465 Cu Alloy 12.083 16.953 14.115 14.520 2.468 1.858 1.423 1.773 2.627 0.396

Italy Master 0.074 0.084 0.071 0.014 0.012 0.024 0.012 0.054 0.007Total 12.157 17.037 14.186 14.520 2.482 1.870 1.447 1.785 2.681 0.403Cu Alloy 30.831 24.511 29.412 33.327 2.804 2.489 3.356 2.753 2.436 3.148

Japan Master 0.259 0.525 0.441 0.590 0.069 0.024 0.046 0.032 0.050 0.004Total 31.090 25.036 29.853 33.917 2.873 2.513 3.402 2.785 2.486 3.152Cu Alloy 13.332 17.960 19.266 19.620 1.335 1.313 0.942 1.748 1.080 1.210

Korean Rep. Master 0.430 1.250 0.983 0.149 0.138 0.113 0.160 0.126 0.138Total 13.762 19.210 20.249 19.620 1.484 1.451 1.055 1.908 1.206 1.348Cu Alloy 0.042 3.792 2.715 0.020

Malaysia Master 0.026 0.008 Total 0.068 3.800 2.715 0.020 Cu Alloy 3.570 3.459 15.492 24.330 1.390 1.660 1.660 1.660

Mexico Master 1.608 0.142 0.021 Total 5.178 3.601 15.513 24.330 1.390 1.660 1.660 1.660

2007


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TABLE 14B. EXPORTS OF COPPER ALLOY INGOTSThousand metric tonnes, gross weight metal


2007

Cu Alloy 5.286 3.519 2.994 5.502 1.171 0.577 0.744 0.337 0.472 0.533Netherlands Master 0.017 0.081 0.032 0.174 0.010 0.020 0.004 0.040 0.002

Total 5.303 3.600 3.026 5.676 1.181 0.597 0.744 0.341 0.512 0.534Cu Alloy 0.630 1.730 1.868

New Zealand Master 0.012 0.035 Total 0.642 1.765 1.868

Norway Cu Alloy 1.203 0.988 1.707 1.140 0.104 0.083 0.172 0.120 0.039 0.093Philippines Cu Alloy 8.571 0.527 0.157 0.060 0.010 0.010 0.010 0.020 0.020

Cu Alloy 5.300 5.005 6.178 6.120 0.563 0.633 0.517 0.603 0.625 0.562Poland Master 0.026 0.001 0.002

Total 5.326 5.005 6.178 6.120 0.563 0.634 0.517 0.603 0.625 0.563Romania Cu Alloy 0.547 0.761 0.540 0.071 0.012 0.007 0.007 0.014 0.013 0.026

Cu Alloy 12.273 6.386 7.733 1.290 0.270 0.520 0.520Russian Fed. Master 0.068 0.053 0.063

Total 12.341 6.439 7.796 1.290 0.270 0.520 0.520Cu Alloy 4.350 5.309 7.940 9.750 0.500 0.430 0.430 0.430

Singapore Master 0.034 0.227 0.137 Total 4.384 5.536 8.077 9.750 0.500 0.430 0.430 0.430 Cu Alloy 4.347 5.754 4.965 4.590 1.090 1.090 1.090 1.040 1.040

South Africa Master 0.218 0.271 0.027 Total 4.564 6.025 4.992 4.590 1.090 1.090 1.090 1.040 1.040Cu Alloy 9.800 11.699 9.803 9.652 1.746 1.222 1.189 0.978 1.259 0.394

Spain Master 0.000 0.005 0.094 Total 9.800 11.699 9.808 9.652 1.746 1.222 1.189 0.978 1.353 0.394Cu Alloy 7.070 5.032 5.236 6.384 1.129 0.660 0.946 0.529 0.291 0.499

Sweden Master 0.031 0.005 0.011 0.074 0.002 0.002 0.002 0.004 Total 7.101 5.037 5.247 6.458 1.131 0.662 0.948 0.533 0.291 0.499Cu Alloy 1.020 0.837 0.819 0.810 0.060 0.080 0.080 0.080 0.070 0.070

Switzerland Master 0.012 0.013 0.066 Total 1.032 0.850 0.885 0.810 0.060 0.080 0.080 0.080 0.070 0.070Cu Alloy 6.649 9.676 7.265 10.093 0.821 0.659 0.589 0.957 0.777 0.495

Taipei, China Master 0.001 0.001Total 6.650 9.676 7.265 10.093 0.821 0.659 0.589 0.957 0.777 0.495Cu Alloy 2.890 7.257 2.165

Turkey Master 0.011 0.017 0.007 Total 2.901 7.274 2.172

Ukraine Cu Alloy 4.704 7.777 12.420 1.270 1.530 1.530 1.530 2.000 2.000Cu Alloy 20.800 18.543 12.682 13.672 1.407 0.830 1.012 1.184 0.765 1.076

United Kingdom Master 3.263 3.492 2.332 3.590 0.561 0.403 0.506 0.406 0.247 0.506Total 24.063 22.035 15.014 17.262 1.968 1.233 1.518 1.590 1.012 1.582Cu Alloy 25.564 31.560 31.479 35.423 2.515 2.787 2.573 2.951 2.283 3.224

United States Master 1.908 2.141 3.886 4.634 0.466 0.448 0.409 0.227 0.253 0.435Total 27.472 33.701 35.365 40.057 2.981 3.235 2.982 3.177 2.536 3.658Cu Alloy 1.358 4.264 1.914

Venezuela Master Total 1.358 4.264 1.914

Serbia Cu Alloy 1.040 1.980 1.440 0.230 0.160 0.160 0.160 0.100 0.100Cu Alloy 9.107 17.367 25.113 10.776 0.596 1.285 1.302 1.298 1.649 1.664

Others Master 2.796 0.415 1.051 0.004 0.001 0.001 0.030 0.004 Total 11.903 17.782 26.164 10.780 0.597 1.286 1.302 1.328 1.653 1.664

Cu Alloy 262.962 278.108 291.498 300.938 27.931 26.427 26.717 26.384 22.745 20.254TOTAL EXPORTS, Master 24.722 24.988 24.698 9.278 1.588 2.217 2.373 2.057 2.302 1.963by Ingot Type Total 287.684 303.096 316.196 310.216 29.519 28.644 29.090 28.440 25.047 22.217

Source: Official country trade statistics.p/ Preliminary. For some countries incomplete.


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TABLE 15A. COPPER AND COPPER ALLOY SEMIFABRICATE IMPORTSThousand metric tonnes, gross weight metal

COUNTRY Semis 2003 2004 2005 2006Type 1/ p/ Mar Apr May Jun Jul Aug

Copper 17.1 20.6 Algeria Cu Alloy 2.4 2.8

Total 19.5 23.4 Copper 8.1 13.4 14.8

Argentina Cu Alloy 4.8 5.2 4.5 Total 12.9 23.8 19.3 19.8 1.7 1.6 1.6 1.6 2.0 2.0Copper 8.7 10.3 12.4 15.5 1.1 1.2 1.2 1.2 1.5 1.5

Australia Cu Alloy 9.0 16.2 16.0 23.5 2.1 1.0 1.0 1.0 1.2 1.2 Total 17.7 26.6 28.4 39.0 3.3 2.3 2.3 2.3 2.7 2.7Copper 74.9 90.7 82.3 8.7 8.2 8.5 7.5 7.4 6.6

Austria Cu Alloy 14.3 12.8 10.6 2.0 1.8 2.1 1.9 2.2 2.3 Total 89.2 103.5 93.0 113.9 10.7 10.0 10.6 9.4 9.5 8.9Copper 63.0 64.4 64.6 10.5 6.7 5.7 5.9 5.3 5.4

Belgium Cu Alloy 17.8 16.8 15.6 1.5 1.5 1.4 1.7 1.2 1.4 Total 80.8 81.3 80.2 95.8 12.0 8.3 7.1 7.5 6.5 6.8Copper 25.5 30.0 43.9

Brazil Cu Alloy 2.9 5.0 5.5 Total 28.4 35.0 49.4 48.0 2.6 2.9 4.2 3.4 5.0 3.5Copper 37.4 56.2 74.0 63.7 6.4 6.8 7.3 7.6 7.3 7.8

Canada Cu Alloy 54.2 58.7 52.7 60.8 4.8 4.5 4.8 4.3 3.6 4.0 Total 91.5 114.9 126.7 124.5 11.2 11.3 12.0 11.9 11.0 11.8Copper 3.7 2.4

Chile Cu Alloy 0.6 0.8 Total 2.5 4.3 3.2 2.8 0.1 0.2 0.2 0.2 0.2 0.2Copper 615.9 658.8 568.4

China Cu Alloy 247.2 300.0 325.8 Total 863.1 958.8 894.3 1,086.3 87.7 98.9 90.0 89.8 89.2 86.3Copper 25.9 27.5 33.4

Colombia Cu Alloy 1.3 2.3 1.8 Total 27.2 29.8 35.3 34.9 3.1 3.5 3.5 3.5 3.5 3.5Copper 12.6 13.8 10.8

Costa Rica Cu Alloy 0.6 0.6 0.8 Total 13.1 14.3 11.6 Copper 13.0 13.0 13.7

Croatia Cu Alloy 2.2 2.0 2.2 Total 15.2 15.1 15.9 Copper 1.8 2.2 2.5 0.2 0.3 0.1 0.2 0.2 0.1

Cyprus Cu Alloy 0.8 0.6 0.4 0.0 0.0 0.0 0.0 0.1 0.0 Total 2.5 2.7 2.9 0.2 0.3 0.1 0.2 0.3 0.1Copper 80.9 111.9 100.5 9.7 11.6 10.6 10.3 10.1 9.8

Czech Rep. Cu Alloy 17.8 30.6 20.4 2.2 2.4 2.4 2.2 2.2 1.7 Total 98.7 142.6 120.8 112.6 11.9 14.0 13.0 12.6 12.3 11.5Copper 20.2 21.2 21.0

Denmark Cu Alloy 26.1 30.2 27.2 Total 46.3 51.3 48.2 54.0 Copper 2.8 2.4 4.4

Ecuador Cu Alloy 0.9 1.0 1.0 Total 3.7 3.5 5.4 Copper

Egypt Cu Alloy Total Copper 42.1 36.1 43.6

Finland Cu Alloy 5.8 7.5 7.1 Total 47.9 43.5 50.7 49.2 4.7 4.3 5.6 3.6 3.1 4.4Copper 176.4 197.5 177.2 224.4 18.9 17.9 17.5 19.7 18.7 11.2

France Cu Alloy 75.3 86.6 71.5 75.3 8.4 7.8 8.0 8.5 10.7 4.2 Total 251.7 284.0 248.7 299.8 27.3 25.7 25.6 28.2 29.4 15.4Copper 277.2 273.9 267.3 19.9 35.0 20.7 20.6 25.5 20.7

Germany Cu Alloy 91.0 101.5 96.7 11.4 8.6 11.9 9.3 11.0 9.6 Total 368.2 375.4 364.1 361.2 31.3 43.5 32.6 29.9 36.5 30.3Copper 15.6 28.7 38.3 3.3 2.8 1.7 1.4 1.3 1.1

Greece Cu Alloy 2.4 7.1 7.5 0.8 0.2 0.5 1.2 0.6 0.2 Total 18.0 35.8 45.8 43.7 4.1 3.0 2.1 2.6 2.0 1.3Copper 139.0 134.4 125.6

Hong Kong, China Cu Alloy 121.4 135.1 130.7 Total 260.4 269.4 256.2 365.0 23.5 28.7 28.7 28.7

2007


- 35 -



2007

Copper 35.6 39.1 38.5 45.5 4.6 4.3 4.2 4.1 5.1 4.8Hungary Cu Alloy 15.3 16.7 13.3 14.0 1.3 0.9 1.0 1.1 1.0 1.0

Total 50.9 55.8 51.8 59.5 5.9 5.2 5.2 5.2 6.1 5.8Copper 17.7 28.8 52.6

India Cu Alloy 14.3 15.1 14.7 Total 32.0 43.9 67.4 56.5 4.7 Copper 13.6 11.7 12.1

Indonesia Cu Alloy 10.5 14.7 21.0 Total 24.1 26.4 33.0 20.2 2.7 2.5 2.5 2.5 Copper 32.8 33.5 30.0

Ireland Cu Alloy 4.4 5.6 6.9 Total 37.2 39.0 36.9 29.6 Copper 10.8 3.3 36.2

Israel Cu Alloy 3.6 3.5 Total 10.8 6.9 39.6 Copper 279.2 286.3 257.3 266.9 22.7 21.7 22.6 22.5 25.4 14.9

Italy Cu Alloy 78.5 91.2 90.8 110.6 8.7 10.1 9.2 11.3 8.7 6.1 Total 357.7 377.5 348.1 377.5 31.4 31.8 31.7 33.8 34.1 21.0Copper 25.6 33.3 32.3 34.9 2.7 2.7 3.0 2.8 2.9 2.3

Japan Cu Alloy 30.5 27.3 33.0 43.2 2.7 3.4 4.1 3.5 3.7 3.6 Total 56.1 60.6 65.3 78.1 5.5 6.0 7.1 6.3 6.6 5.9Copper 8.1 11.5 12.0

Jordan Cu Alloy 0.6 0.9 1.5 Total 8.7 12.4 13.5 Copper 0.5 0.5 0.9 1.1 0.1 0.3 0.1 0.1 0.1 0.1

Kazakhstan Cu Alloy 0.6 0.4 0.6 1.5 0.1 0.2 0.1 0.1 0.1 0.1 Total 1.1 1.0 1.5 2.7 0.2 0.4 0.2 0.2 0.2 0.2Copper 23.6 46.2 45.8

Korean Rep. Cu Alloy 45.6 25.2 38.0 Total 69.2 71.3 83.8 74.1 9.9 10.0 9.5 7.9 8.1 7.6Copper 86.0

Malaysia Cu Alloy 15.0 Total 101.0 Copper 138.0 178.3 176.5

Mexico Cu Alloy 38.3 35.3 27.2 Total 176.3 213.6 203.7 207.1 16.1 17.2 17.2 17.2 Copper 18.2 17.7 19.0

Morocco Cu Alloy 6.5 6.9 6.6 Total 24.6 24.6 25.6 25.6 2.3 2.8 2.8 2.8 Copper 78.6 78.8 78.6 73.7 10.8 6.6 6.6 6.0 4.8 5.5

Netherlands Cu Alloy 17.5 27.4 30.8 31.8 2.0 2.1 1.4 2.1 1.3 1.4 Total 96.1 106.2 109.3 105.6 12.7 8.8 8.0 8.1 6.1 6.9Copper 17.2 18.1 18.3

New Zealand Cu Alloy 6.0 3.9 3.7 Total 23.3 22.0 22.0 Copper 16.8 17.4 18.2 16.7 2.5 1.7 1.7 1.3 1.5 1.8

Norway Cu Alloy 5.6 4.6 6.3 7.4 2.3 0.8 0.9 0.7 0.7 0.7 Total 22.4 22.0 24.5 24.1 4.7 2.4 2.7 2.1 2.1 2.4Copper 21.8 26.9 28.7

Oman Cu Alloy 0.2 0.2 0.3 Total 22.0 27.1 29.1 Copper 2.1 2.4 3.1

Peru Cu Alloy 0.6 0.3 0.4 Total 2.7 2.7 3.5 3.3 0.2 0.3 0.3 0.3 0.2 0.2Copper 33.8 36.5 37.1

Philippines Cu Alloy 37.5 27.5 18.5 Total 71.2 64.1 55.5 46.9 1.9 3.7 3.7 3.7 4.3 4.3Copper 39.7 58.9 71.6 6.7 7.0 7.5 7.7 7.0 24.5

Poland Cu Alloy 15.0 16.6 19.8 1.9 1.9 2.0 2.0 2.1 1.5 Total 54.7 75.4 91.4 103.0 8.6 8.9 9.5 9.7 9.0 26.0Copper 71.2 76.2 69.5 7.6 6.9 7.0 8.0 6.5 5.1

Portugal Cu Alloy 13.9 13.9 14.1 1.0 1.0 1.1 1.1 1.1 0.8 Total 85.0 90.1 83.6 94.0 8.7 7.9 8.1 9.1 7.6 5.9Copper 11.2 9.6 11.4 23.7 2.1 2.2 2.8 2.1 2.4 2.0

Romania Cu Alloy 4.0 4.4 6.1 7.5 0.7 0.5 0.7 0.5 0.5 0.5 Total 15.2 14.0 17.4 31.2 2.8 2.7 3.5 2.6 2.9 2.5


- 36 -



2007

Copper 10.4 12.3 8.6 Russian Fed. Cu Alloy 8.4 11.7 11.8

Total 18.8 24.0 20.5 24.2 2.0 2.9 2.9 2.9 2.6 2.6Copper 73.5 107.3 106.2

Saudi Arabia Cu Alloy 10.1 12.7 12.2 Total 83.6 120.1 118.4 Copper 44.3 57.1 96.2

Singapore Cu Alloy 37.7 100.8 43.4 Total 82.0 157.9 139.6 101.0 7.5 8.1 8.1 8.1 Copper 14.5 17.5 17.4 20.2 1.1 0.8 1.2 1.1 0.8 0.7

Slovakia Cu Alloy 2.9 4.6 4.6 7.4 0.2 0.2 0.2 0.2 0.2 0.2 Total 17.4 22.1 22.0 27.6 1.3 1.0 1.4 1.3 1.0 0.9Copper 11.2 13.4 13.0

Slovenia Cu Alloy 5.7 6.4 6.5 Total 16.9 19.7 19.5 Copper 5.4 15.7 17.5

South Africa Cu Alloy 2.5 2.5 2.4 Total 7.9 18.2 19.9 27.2 2.1 2.4 2.4 2.4 1.9 1.9Copper 137.6 169.7 152.8 154.0 12.6 13.2 11.7 13.9 10.0 6.3

Spain Cu Alloy 65.1 58.3 57.4 60.3 5.4 4.0 6.0 4.1 3.9 2.5 Total 202.7 228.1 210.2 214.4 18.0 17.2 17.7 18.0 13.9 8.8Copper 20.3

Sri Lanka Cu Alloy 1.2 1.2 Total 21.5 1.2 Copper 6.9

Serbia Cu Alloy 1.0 Total 9.6 7.8 6.9 10.3 0.9 1.0 1.0 1.0 1.3 1.3Copper 28.0 36.0 37.8 42.5 4.4 4.0 4.1 4.7 2.2 3.2

Sweden Cu Alloy 10.4 13.2 10.7 17.1 2.9 2.2 2.2 2.4 0.8 1.6 Total 38.3 49.1 48.5 59.7 7.3 6.2 6.3 7.1 3.0 4.8Copper 69.2 74.3 74.3

Switzerland Cu Alloy 23.3 27.6 27.7 Total 92.5 101.8 102.0 117.9 10.3 10.6 10.6 10.6 9.8 9.8Copper

Taipei, China Cu Alloy Total 81.2 81.1 69.2 79.2 8.2 8.8 8.2 8.1 7.6 6.8Copper 61.2 72.9 63.1

Thailand Cu Alloy 37.9 40.4 43.8 Total 99.1 113.3 106.9 109.3 9.6 9.1 9.1 9.1 8.9 8.9Copper 21.7 23.9

Tunisia Cu Alloy 2.4 2.5 Total 24.2 26.4 Copper 21.7 44.3 53.1

Turkey Cu Alloy 8.8 11.3 15.5 Total 30.5 55.6 68.6 29.9 2.2 2.9 2.9 2.9 3.6 3.6Copper 10.4

Ukraine Cu Alloy 2.5 Total 15.9 12.9 24.7 1.7 2.2 2.2 2.2 1.7 1.7Copper 162.3 141.1 129.7 141.4 20.7 28.0 20.0 22.9 18.4 16.6

United Kingdom Cu Alloy 55.5 60.3 51.2 53.8 5.2 5.5 4.7 5.1 4.9 4.2 Total 217.7 201.4 181.0 195.1 25.9 33.5 24.6 28.0 23.3 20.8Copper 377.8 423.6 554.3 560.2 36.3 39.5 37.3 48.7 36.6 29.0

United States Cu Alloy 122.2 146.6 117.3 116.5 7.8 7.8 8.2 8.5 8.7 8.9 Total 500.0 570.1 671.6 676.7 44.2 47.3 45.5 57.2 45.3 37.9Copper 14.5 16.2

Venezuela Cu Alloy 1.2 1.3 Total 15.6 17.5 Copper 112.4 148.5 76.5 10.5 1.7 1.7 0.8 0.8 0.7 0.8

Others Cu Alloy 30.7 37.2 23.8 5.9 0.6 0.6 0.8 0.4 0.8 0.4 Total 159.0 185.7 100.4 41.1 4.0 4.5 3.8 3.5 3.3 2.9

TOTAL IMPORTS, Copper 3,805.1 4,225.8 4,150.0 1,693.9 215.3 230.8 203.8 221.1 201.6 181.7by Semifabricate Cu Alloy 1,482.6 1,703.9 1,584.9 635.1 76.0 68.9 74.5 73.3 71.3 57.9Type Not Specif. 109.2 86.3 76.1 3,571.0 205.6 224.4 217.1 212.4 152.9 148.6

Total 5,396.9 6,016.0 5,811.0 5,900.0 496.9 524.1 495.4 506.7 425.8 388.2Source: Official country trade statistics. 1/ Semifabricates include brass and wire mill products only.p/ Preliminary. For some countries incomplete. Foundry and chemical plant products are excluded.


- 37 -

TABLE 15B. COPPER AND COPPER ALLOY SEMIFABRICATE EXPORTSThousand metric tonnes, gross weight metal


Copper 0.4 1.0 0.4 Argentina Cu Alloy 0.2 0.3 0.3

Total 0.7 1.2 0.8 0.6 0.1 0.1 0.1 0.1 0.1 0.1Copper 90.8 671.3 60.2 55.2 4.2 5.7 5.7 5.7 6.0 6.0

Australia Cu Alloy 9.9 9.5 7.8 2.7 0.2 0.2 0.2 0.2 0.2 0.2 Total 100.7 680.7 68.0 57.9 4.3 5.9 5.9 5.9 6.2 6.2Copper 29.2 39.0 40.7 1.2 3.2 1.1 3.1 1.1 2.8

Austria Cu Alloy 8.8 8.2 8.0 0.6 1.1 0.5 1.1 0.7 1.0 Total 38.0 47.2 48.7 56.1 1.8 4.3 1.6 4.2 1.8 3.8Copper 171.6 215.9 178.2 24.5 20.6 22.4 19.4 18.7 16.5

Belgium Cu Alloy 8.2 5.8 6.4 0.4 0.4 0.5 0.4 0.6 0.5 Total 179.8 221.7 184.6 203.2 24.9 21.0 22.9 19.9 19.3 17.0Copper 50.3 70.6 88.6

Brazil Cu Alloy 3.6 5.1 4.4 Total 53.9 75.8 93.0 66.5 3.9 4.8 3.4 7.8 3.1 2.8Copper 133.1 189.0 203.0 208.4 14.0 16.0 16.0 13.6 8.7 10.8

Canada Cu Alloy 10.6 10.8 9.0 11.8 0.3 0.4 0.3 0.4 0.3 0.3 Total 143.7 199.8 212.0 220.1 14.3 16.4 16.3 14.1 9.0 11.1Copper 65.2 66.1

Chile Cu Alloy 4.9 4.5 Total 64.7 70.1 70.6 81.8 4.6 7.3 7.3 7.3 7.4 7.4Copper 72.2 124.1 151.6

China Cu Alloy 53.4 76.5 93.7 Total 125.5 200.6 245.4 446.7 34.8 38.7 37.6 35.0 36.6 33.8Copper 2.6 6.5 9.2 0.3 0.7 0.9 0.7 0.7 0.7

Czech Rep. Cu Alloy 10.3 11.6 12.2 0.9 1.1 0.9 0.7 0.9 0.7 Total 12.8 18.1 21.4 15.8 1.2 1.7 1.8 1.4 1.6 1.4Copper 3.5 2.0 2.3

Denmark Cu Alloy 1.0 0.9 1.7 Total 4.5 2.9 3.9 3.3 Copper 90.6 93.7 84.1

Finland Cu Alloy 5.4 4.4 3.4 Total 96.0 98.1 87.4 75.7 7.8 6.1 6.8 5.9 4.7 5.1Copper 414.1 420.0 369.9 382.3 31.6 26.7 26.0 29.2 28.9 16.3

France Cu Alloy 72.4 76.8 69.1 79.2 8.6 6.8 6.6 6.8 6.4 3.2 Total 486.5 496.8 439.0 461.5 40.2 33.6 32.6 36.1 35.3 19.5Copper 542.8 624.8 630.9 62.5 77.3 60.7 56.9 60.1 57.5

Germany Cu Alloy 350.0 310.7 33.9 27.2 34.2 30.9 30.0 26.4 Total 542.8 974.8 941.6 1,063.7 96.4 104.5 94.9 87.7 90.1 83.9Copper 66.0 68.6 60.7 6.8 5.3 5.7 6.0 5.9 3.9

Greece Cu Alloy 7.4 6.0 5.7 1.4 1.1 0.8 1.2 2.0 0.6

Total 73.4 74.6 66.4 73.6 8.2 6.4 6.5 7.2 7.9 4.5Copper 137.5 128.7 124.3

Hong Kong, China Cu Alloy 88.5 102.2 108.3 Total 226.0 230.8 232.6 346.0 23.2 26.4 26.4 26.4 Copper 5.3 6.1 2.3 1.5 0.0 0.0 0.1 0.0 0.1 0.0

Hungary Cu Alloy 2.2 2.8 2.2 1.9 0.1 0.1 0.1 0.1 0.1 0.0 Total 7.4 8.9 4.5 3.4 0.1 0.1 0.2 0.1 0.2 0.1Copper 69.7 78.0 101.8

India Cu Alloy 18.4 18.2 19.7 Total 88.1 96.2 121.5 133.6 11.1

2007


- 38 -



2007

Copper 101.5 118.9 128.9 Indonesia Cu Alloy 10.1 12.1 11.6

Total 111.6 131.0 140.4 122.3 7.7 8.3 8.3 8.3 Copper 103.3 159.4 150.0 195.2 19.7 17.9 22.6 20.1 20.9 8.4

Italy Cu Alloy 111.4 116.0 104.2 115.6 12.9 8.7 11.9 11.7 13.4 4.6 Total 214.7 275.4 254.2 310.9 32.6 26.5 34.5 31.8 34.3 13.0Copper 165.2 173.2 144.3 148.1 13.2 11.9 12.9 12.4 12.2 7.4

Japan Cu Alloy 117.7 114.1 114.3 154.3 13.3 12.1 12.3 13.0 12.4 16.2 Total 282.9 287.2 258.6 302.4 26.5 24.0 25.2 25.3 24.5 23.5Copper 54.2 45.6 3.9 24.1 2.5 2.5 2.5 2.5 2.5 2.5

Kazakhstan Cu Alloy 3.7 2.8 3.4 3.5 0.6 0.5 0.6 0.4 0.3 0.4 Total 57.8 48.4 7.4 27.6 3.1 3.0 3.2 2.9 2.8 2.9Copper 272.4 275.5 221.3

Korean Rep. Cu Alloy 99.4 128.6 131.0 Total 371.8 404.1 352.3 316.8 32.9 33.4 32.8 31.7 29.4 29.1Copper 20.2

Malaysia Cu Alloy 26.0 Total 46.2 Copper 67.9 137.6 141.4

Mexico Cu Alloy 17.0 27.5 20.6 Total 84.9 165.0 162.0 105.3 8.9 9.2 9.2 9.2 Copper 15.9 12.8 10.1 4.3 0.7 0.3 0.9 0.8 0.6 0.7

Netherlands Cu Alloy 70.9 80.4 73.3 63.2 5.7 3.6 4.8 5.1 4.7 7.8 Total 86.8 93.2 83.4 67.5 6.3 3.9 5.7 6.0 5.3 8.6Copper 0.2 0.2 0.1

New Zealand Cu Alloy 2.1 2.3 Total 0.2 2.3 2.4 Copper 31.1 36.2 39.0

Peru Cu Alloy 5.8 5.4 7.6 Total 36.9 41.6 46.6 49.9 3.7 4.2 4.2 4.2 4.2 4.2Copper 6.9 2.4 2.5

Philippines Cu Alloy 0.1 0.2 0.2 Total 7.0 2.6 2.7 2.4 0.2 0.3 0.3 0.3 0.2 0.2Copper 92.7 112.6 111.4 9.4 11.0 9.4 10.4 10.6 9.4

Poland Cu Alloy 34.3 42.5 36.7 2.5 2.5 2.7 2.6 2.5 2.3 Total 127.0 155.1 148.1 144.9 11.9 13.5 12.1 12.9 13.1 11.7Copper 4.3 4.8 4.5 0.4 0.3 0.2 0.2 0.3 0.1

Portugal Cu Alloy 5.8 6.6 5.9 0.9 0.8 0.8 0.9 1.1 0.1 Total 10.1 11.5 10.4 12.3 1.4 1.1 1.0 1.2 1.4 0.2Copper 1.5 5.7 3.9 5.5 1.4 1.5 1.7 1.1 1.2 1.4

Romania Cu Alloy 0.3 0.6 1.3 0.9 0.1 0.0 0.0 0.0 0.0 0.0 Total 1.8 6.4 5.1 6.4 1.4 1.6 1.7 1.1 1.3 1.4Copper 162.8 295.7 340.6

Russian Fed. Cu Alloy 21.9 11.4 11.0 Total 184.7 307.1 351.6 406.6 26.0 30.5 30.5 30.5 34.4 34.4Copper 5.0 8.5

Saudi Arabia Cu Alloy 12.6 7.2 Total 17.6 15.7 Copper 16.8 15.2 17.5

Singapore Cu Alloy 13.9 20.2 22.7 Total 30.7 35.4 40.2 42.4 3.5 3.7 3.7 3.7


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2007

Copper 2.3 0.7 1.1 1.1 0.2 0.1 0.2 0.2 0.1 0.2Slovakia Cu Alloy 6.8 7.6 7.7 7.6 1.0 0.6 0.6 0.6 0.6 0.3

Total 9.1 8.3 8.8 8.7 1.2 0.7 0.8 0.8 0.7 0.4Copper 0.2 0.4 1.1

Slovenia Cu Alloy 4.0 2.6 3.2 Total 4.2 3.0 4.3 Copper 113.6 116.2 85.5 100.3 8.9 6.8 7.6 8.2 8.5 5.3

Spain Cu Alloy 35.1 28.6 28.9 33.1 3.2 2.7 2.6 3.2 3.4 1.2 Total 148.7 144.8 114.4 133.5 12.2 9.5 10.2 11.4 11.9 6.5Copper 125.8 123.9 105.5 109.4 11.3 10.7 10.3 10.1 8.9 8.6

Sweden Cu Alloy 20.3 17.9 17.7 19.2 2.1 0.6 0.5 0.4 0.3 1.4 Total 146.1 141.7 123.2 128.6 13.4 11.2 10.8 10.5 9.3 10.0Copper 4.1 5.8 4.9

Switzerland Cu Alloy 16.2 18.1 15.7 Total 20.3 23.9 20.7 20.4 1.8 2.1 2.1 2.1 1.8 1.8Copper

Taipei, China Cu Alloy Total 315.5 238.2 286.4 300.3 38.7 36.6 39.6 35.5 37.3 36.8Copper 20.0 21.7 26.1

Thailand Cu Alloy 35.8 18.8 16.6 Total 55.8 40.4 42.7 50.3 10.1 5.1 5.1 5.1 5.0 5.0Copper 40.1 44.6 44.9

Turkey Cu Alloy 9.9 13.1 10.8 Total 50.1 57.6 55.7 10.8 0.3 0.2 0.2 0.2 0.2 0.2Copper 11.7 21.7

Ukraine Cu Alloy 23.3 18.8 Total 26.4 35.0 40.4 37.3 3.2 3.2 3.2 3.2 2.0 2.0Copper 109.5 83.6 71.9 72.4 3.8 3.4 3.2 3.1 3.2 2.8

United Kingdom Cu Alloy 39.5 35.0 26.8 26.2 2.5 2.3 2.5 2.4 2.0 1.6 Total 149.0 118.6 98.6 98.7 6.4 5.7 5.7 5.5 5.2 4.3Copper 160.7 205.5 221.8 233.8 19.9 18.6 21.1 22.9 20.1 20.8

United States Cu Alloy 78.6 91.6 104.3 110.5 9.3 7.3 7.3 7.2 6.5 7.3 Total 239.3 297.2 326.2 344.4 29.2 25.9 28.4 30.1 26.6 28.1Copper 19.3

Serbia Cu Alloy 10.4 Total 28.4 29.7 35.7 40.0 3.1 3.5 3.5 3.5 3.5 3.5Copper 96.8 124.5 318.4 45.8 11.6 8.9 9.9 10.9 9.6 6.5

Others Cu Alloy 35.1 51.6 56.1 7.6 2.4 2.1 1.8 2.1 2.6 1.4 Total 158.3 176.1 374.5 189.7 19.1 16.2 16.9 18.2 16.9 12.6

TOTAL EXPORTS, Copper 3,603.7 4,882.6 4,322.5 1,587.5 241.4 243.9 235.3 231.7 223.1 184.7by Semifabricate Cu Alloy 1,112.1 1,566.3 1,502.3 637.4 101.5 81.1 91.9 90.2 89.0 77.0Type Not Specif. 435.0 238.2 322.0 4,254.1 227.4 225.5 226.1 221.9 172.3 169.0

Total 5,150.8 6,687.0 6,146.9 6,479.0 570.2 550.6 553.3 543.8 484.4 430.8

Source: Official country trade statistics.

p/ Preliminary. For some countries incomplete.1/ Semifabricates include brass and wire mill products. Foundry and chemical plant products are excluded.


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TABLE 16A. IMPORTS OF COPPER AND COPPER ALLOY SCRAPThousand metric tonnes, gross weight metal

COUNTRY Scrap 2003 2004 2005 2006Type 1/ p/ Mar Apr May Jun Jul Aug

Australia Total 2.7 3.9 2.3 2.0 1.9 0.2 0.2 0.2 0.2 0.2Copper 5.5 5.3 7.1 6.0 4.1 4.7

Austria Cu Alloy 1.7 2.7 2.3 2.8 1.4 2.3 Total 57.2 71.8 82.8 89.3 7.2 8.0 9.4 8.8 5.5 6.9Copper 78.1 12.9 11.8 10.4 13.9 18.3 9.4

Belgium Cu Alloy 147.6 15.8 20.9 15.7 21.2 17.5 15.6 Total 225.7 256.5 257.7 297.8 28.7 32.7 26.1 35.1 35.8 25.0

Brazil Total 0.2 0.2 1.6 0.7 0.1 0.0 0.4 0.1 0.1 Canada Total 37.1 55.2 48.0 56.2 4.1 5.2 5.0 4.6 4.6 4.4China 2/ Total 3,161.8 3,957.6 4,821.2 4,943.1 354.2 608.7 494.7 474.2 395.5 499.1Czech Rep. Total 2.1 5.6 6.2 8.1 1.1 1.1 1.0 0.7 1.0 0.5Denmark Total 15.6 18.4 14.3 8.2 Finland Total 2.5 1.7 2.4 4.3 0.0 0.0 0.0 0.0 0.0 0.1

Copper 26.8 33.6 28.6 2.8 4.1 4.3 6.7 5.1 3.1France Cu Alloy 43.6 45.3 46.8 2.5 1.9 2.4 3.4 3.6 4.0

Total 70.4 78.9 75.4 96.7 5.4 6.0 6.8 10.1 8.6 7.2Copper 156.1 15.5 23.1 28.3 20.9 22.9 20.6

Germany Cu Alloy 223.5 24.7 36.2 34.1 30.7 31.6 32.2 Total 379.6 427.0 486.1 552.4 40.2 59.4 62.4 51.7 54.5 52.8

Greece Total 2.0 1.9 1.0 2.2 0.2 1.5 0.6 0.5 0.5 1.0Hong Kong, China Total 111.1 106.8 123.4 146.9 15.4 17.2 17.2 17.2 Hungary Total 0.5 0.5 0.5 0.5 0.0 0.0 0.1 0.0 0.0 0.0India Total 92.3 109.7 150.3 105.1 10.0 Indonesia Total 3.3 2.9 13.4 2.3 0.1 0.2 0.2 0.2 Ireland Total 0.5 0.0 0.0 0.1

Copper 54.2 6.2 5.2 6.0 4.9 4.7 1.4Italy Cu Alloy 110.4 12.6 10.5 11.2 8.9 10.9 2.3

Total 164.6 131.1 125.3 214.3 18.8 15.7 17.2 13.7 15.6 3.7Copper 60.5 66.1 46.7 6.2 5.1 5.0 5.3 5.5 5.9

Japan Cu Alloy 61.0 79.0 56.2 5.2 5.3 6.0 5.9 6.2 6.3 Total 121.5 145.1 102.9 120.8 11.3 10.4 11.1 11.2 11.6 12.2

Kazakhstan Total 0.3 0.1 0.1 0.0 0.0 0.0 0.0 0.0Korean Rep. Total 153.1 205.4 205.9 205.3 14.2 16.1 18.8 18.9 20.7 21.9Malaysia Total 21.8 25.7 236.6 12.5 Mexico Total 9.0 20.0 14.1 17.7 0.7 0.7 0.7 Morocco Total 0.0 0.1 0.1 0.1 0.0

Copper 26.9 35.4 19.7 20.6 1.8 0.7 0.9 1.6 1.3 1.8Netherlands Cu Alloy 53.4 54.3 57.1 90.1 8.6 7.4 12.1 8.3 8.4 2.9

Total 80.3 89.6 76.7 110.8 10.4 8.0 13.0 9.9 9.7 4.7New Zealand Total 0.2 0.1 0.5 Norway Total 10.9 11.3 12.4 12.8 1.3 1.0 1.5 1.8 1.0 0.9Philippines Total 31.2 19.5 4.2 3.1 0.2 0.1 0.1 0.1 0.1 0.1Poland Total 6.0 15.0 5.7 4.9 0.4 0.4 0.6 1.2 4.9 2.2Portugal Total 2.2 1.9 3.3 5.9 0.6 0.6 0.6 0.7 0.7 0.5Russian Fed. Total 0.0 0.2 0.5 1.0 0.1 0.1 0.1 0.1 0.0 0.0

2007


- 41 -

TABLE 16A. IMPORTS OF COPPER AND COPPER ALLOY SCRAPThousand metric tonnes, gross weight metal


2007

Singapore Total 18.5 21.0 15.9 18.0 0.5 0.7 0.7 0.7 Slovakia Total 8.4 20.2 20.0 18.0 1.6 1.2 1.7 1.9 1.1 1.0Slovenia Total 3.8 3.7 5.8 South Africa Total 2.9 2.7 2.1 2.1 0.2 0.2 0.2 0.2 0.2 0.2


Total 58.4 115.0 84.8 86.5 4.1 3.7 6.2 5.3 5.3 3.9Sri Lanka Total 42.1 37.1 Sweden Total 52.1 76.7 51.0 55.7 6.6 5.1 6.4 9.5 5.1 6.5Switzerland Total 9.5 11.9 9.8 7.6 0.9 0.7 0.7 0.7 0.5 0.5Taipei, China Total 81.0 121.0 112.3 145.9 8.5 8.5 9.3 9.2 12.7 14.8Thailand Total 4.8 5.7 5.0 6.4 0.6 0.5 0.5 0.5 0.8 0.8Turkey Total 29.8 35.0 10.1 1.0 0.1 0.1 0.1

Copper 1.3 1.1 1.5 2.2 0.6 0.3 0.1 0.3 0.3 0.3United Kingdom Cu Alloy 16.8 13.7 39.6 17.5 1.5 1.2 2.3 2.0 2.4 1.1

Total 18.1 14.8 41.1 19.6 2.0 1.5 2.4 2.3 2.7 1.4Copper 19.6 23.4 30.1 24.9

United States Cu Alloy 71.0 78.3 84.0 92.6 Total 90.6 101.7 114.0 117.5 8.2 11.5 10.8 10.8 10.7 12.4

Serbia Total 0.1 2.5 0.2 0.0 0.0 0.0 0.0 0.0Others Total 38.1 21.4 15.8 15.0 1.1 2.1 1.2 1.1 1.3 1.3

Copper 485.1 271.6 217.1 137.5 60.6 66.1 72.5 69.4 70.3 52.7TOTAL IMPORTS, Cu Alloy 844.5 403.4 406.5 343.8 87.5 103.1 104.6 101.7 88.1 71.4by Scrap Type Not Specif. 3,852.2 5,684.1 6,776.2 7,037.1 412.2 659.9 550.8 533.0 452.5 562.1

Total 5,181.8 6,359.0 7,399.7 7,518.4 560.3 829.1 727.9 704.2 611.0 686.2EU-15 3/ Total 347.6 354.8 326.5 496.2 35.1 45.9 41.3 41.8 40.9 36.8EU-25 4/ Total 272.6 241.4 365.8

EU-27 5/ Total 25.9 31.5 29.3 30.9 33.7 26.4

Souce: Official country trade statistics

p/ Preliminary. For some countries incomplete.1/ Scrap type does not include low-grade copper containing scrap, such as ashes and residues.2/ Total may include some low-grade material.3/ Includes only Extra EU-15 trade.4/ Includes only Extra EU-25 trade.5/ Includes only Extra EU-27 trade.


- 42 -

TABLE 16B. EXPORTS OF COPPER AND COPPER ALLOY SCRAPThousand metric tonnes, gross weight metal


Algeria Total 16.3 12.6 Argentina Total 4.5 1.5 1.3 Australia Total 59.1 53.8 87.4 51.3 3.6 4.2 4.2 4.2 3.9 3.9Austria Total 24.2 33.7 33.3 40.0 3.8 3.1 3.8 3.7 3.9 2.2

Copper 18.2 5.5 4.9 6.4 4.0 5.7 6.5Belgium Cu Alloy 134.2 10.9 11.3 11.5 12.5 8.6 6.3

Total 152.4 169.4 177.8 162.2 16.3 16.2 17.9 16.6 14.3 12.9Brazil Total 3.4 2.0 2.7 10.7 0.7 0.8 0.5 0.2 0.2 Bulgaria Total 9.5 9.5 8.1 13.2 1.2 1.1 1.3 1.1 0.9 0.8Canada Total 69.6 80.8 119.6 164.7 9.9 11.4 12.2 12.1 27.8 13.1Chile Total 24.5 38.1 36.9 54.9 13.7 4.1 4.1 4.1 5.1 5.1China Total 7.6 8.7 6.4 6.7 0.6 0.4 0.7 0.4 0.4 0.4Colombia Total 13.2 15.0 23.5 46.3 4.0 4.3 4.3 4.3 3.9 3.9Croatia Total 7.5 9.6 10.8 Czech Rep. Total 36.9 53.1 54.2 57.1 5.2 5.5 5.3 5.3 4.5 3.6

Copper Denmark Cu Alloy

Total 42.3 37.5 26.3 26.3 Estonia Total 6.9 6.5 6.7 Finland Total 19.7 23.5 30.6 31.1 2.6 2.4 2.2 3.1 2.0 2.7

Copper 84.2 113.4 134.0 144.8 11.4 11.0 13.9 13.0 12.3 9.3France Cu Alloy 96.1 129.6 128.2 138.2 12.8 12.5 13.3 13.6 12.4 6.6

Total 180.3 243.0 262.1 283.0 24.3 23.5 27.2 26.5 24.7 15.9Georgia Total 10.4 8.5 6.7

Copper 115.1 12.7 13.4 10.7 11.1 8.4 10.7Germany Cu Alloy 248.9 28.9 35.7 32.4 32.1 30.8 29.3

Total 364.0 373.8 475.6 465.2 41.6 49.1 43.2 43.2 39.1 40.0Greece Total 9.5 8.5 15.1 16.9 1.7 0.9 1.4 1.4 1.2 0.4Hong Kong, China Total 336.5 340.1 120.8 129.9 9.0 16.4 16.4 16.4 Hungary Total 27.4 31.7 34.9 27.1 1.8 1.6 2.4 1.7 1.8 1.6India Total 4.1 2.8 3.4 4.9 0.1 Indonesia Total 22.0 17.6 31.9 51.5 3.9 5.6 5.6 5.6 Ireland Total 17.8 16.1 13.2 14.2 Israel Total 84.6 47.1

Copper 36.5 4.7 4.6 4.7 5.2 4.1 1.2Italy Cu Alloy 16.7 5.3 5.1 7.8 6.6 8.5 2.1

Total 53.2 98.6 112.6 102.4 10.0 9.8 12.5 11.9 12.6 3.3Japan Total 307.1 329.4 424.1 471.7 35.7 44.2 41.3 37.4 39.8 35.7Kazakhstan Total 1.8 1.7 1.5 5.8 0.6 1.1 1.1 0.9 1.0 0.7Korean Rep. Total 93.9 167.2 161.3 202.2 22.5 28.4 21.4 18.5 16.3 21.6Latvia Total 6.3 7.2 9.2 Lithuania Total 8.4 7.6 5.8 Malaysia Total 47.2 75.0 36.1 2.4 2.8 2.8 2.8 Mexico Total 76.3 173.1 105.0 125.9 9.8 10.9 10.9 10.9 Morocco Total 10.7 13.2 15.0 17.8 1.0 1.8 1.8 1.8

Copper 20.4 18.8 33.3 77.1 5.4 7.6 8.5 8.6 5.1 8.6Netherlands Cu Alloy 104.4 86.7 149.1 145.5 12.7 13.5 17.7 16.5 12.4 13.8

Total 124.8 105.5 182.4 222.6 18.0 21.0 26.2 25.1 17.5 22.4New Zealand Total 6.4 7.1 8.0

2007


- 43 -

TABLE 16B. EXPORTS OF COPPER AND COPPER ALLOY SCRAPThousand metric tonnes, gross weight metal


2007

Norway Total 16.9 21.3 22.8 24.2 2.2 2.0 1.9 1.8 1.7 1.2Oman Total 0.2 0.1 Peru Total 2.2 2.4 1.6 5.1 0.5 0.6 0.6 0.6 0.7 0.7Philippines Total 20.4 20.8 15.2 25.7 1.5 1.6 1.6 1.6 2.0 2.0Poland Total 40.5 42.8 47.5 55.1 5.9 4.9 5.4 5.2 7.2 5.5

Copper 0.5 0.5 0.7 0.6 0.5 0.2Portugal Cu Alloy 1.3 1.7 1.3 1.7 1.3 0.2

Total 25.2 35.9 35.0 29.7 1.9 2.2 2.1 2.3 1.8 0.4Romania Total 16.7 16.0 22.7 41.9 3.5 2.1 2.9 4.2 3.8 3.2Russian Fed. Total 1.6 2.0 2.0 3.6 0.0 Saudi Arabia Total 40.1 59.8 Serbia Total 4.8 2.2 2.6 3.5 0.5 0.8 0.8 0.8 0.6 0.6Singapore Total 56.2 49.8 42.7 35.1 3.9 1.8 1.8 1.8 Slovakia Total 8.9 12.1 14.8 19.0 3.1 2.1 1.7 1.4 2.4 1.9Slovenia Total 10.6 12.6 13.1 South Africa Total 39.8 36.4 51.3 79.6 5.9 6.7 6.7 6.7 7.3 7.3


Total 63.9 78.7 99.6 81.1 7.8 7.1 8.4 10.8 7.0 3.6Sweden Total 36.0 44.4 44.4 45.9 3.8 3.7 6.7 4.2 1.1 4.2Switzerland Total 56.4 69.2 74.8 74.0 6.5 6.5 6.5 6.5 5.9 5.9Taipei, China Total 75.5 61.4 106.7 124.5 22.3 15.1 9.6 8.1 3.4 7.7Thailand Total 54.9 46.1 283.4 60.4 4.5 16.1 16.1 16.1 6.7 6.7Tunisia Total 7.4 9.7 8.3 Turkey Total 18.5 4.5 15.1 1.1 0.3 0.1 0.1 0.1

Copper 83.0 132.1 134.2 190.8 12.7 13.2 13.0 14.2 13.4 13.0United Kingdom Cu Alloy 127.4 110.5 100.3 118.9 13.5 11.0 13.7 11.9 11.6 8.8

Total 210.4 242.6 234.5 309.7 26.2 24.1 26.7 26.1 24.9 21.7Copper 315.6 320.0 362.0 399.8

United States Cu Alloy 373.4 388.6 302.8 403.8 Total 689.0 708.6 664.8 803.6 73.2 85.1 85.1 80.1 74.1 89.9

Venezuela Total 18.5 16.8 6.4 Zambia Total 1.2 Others Total 95.1 90.1 85.6 2.7 0.3 0.3 0.1 0.2 0.2 0.2

Copper 1,041.0 986.1 730.1 850.0 62.9 63.5 68.8 68.9 60.7 56.9TOTAL EXPORTS, Cu Alloy 1,451.9 1,073.0 843.7 985.6 119.3 128.5 137.0 135.3 108.3 83.2 by Scrap Type Not Specif. 1,282.4 2,200.2 3,118.0 2,831.2 235.4 261.5 249.5 233.8 202.9 212.5

Total 3,775.3 4,259.3 4,691.8 4,666.9 417.5 453.6 455.3 438.0 371.8 352.6EU-15 2/ Total 537.1 699.2 869.5 910.3 78.9 77.3 87.7 91.4 70.0 74.3EU-25 3/ Total 716.5 881.9 929.5 EU-27 4/ Total 83.7 79.8 90.1 95.1 72.8 77.4Source: Official country trade statistics

p/ Preliminary. For some countries incomplete.1/ Scrap type does not include low-grade copper containing scrap, such as ashes and residues.2/ Includes only Extra EU-15 trade.3/ Includes only Extra EU-25 trade.4/ Includes only Extra EU-27 trade.


- 44 -

TABLE 17 - COPPER STATISTICS OF SELECT COUNTRIESThousand metric tonnes, copper

2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007Jan-Aug Jan-Aug Jan-Aug

MINE PRODUCTIONConcentrates 203.7 198.5 176.4 187.3 180.1 116.6 790.7 772.6 795.8 865.3 806.4 537.7 Mine SX-EW 77.1 67.4 58.3 50.9 52.4 27.2 Mine Total 203.7 198.5 176.4 187.3 180.1 116.6 867.8 840.0 854.1 916.2 858.8 564.9

Ores & Concentrates (Cu Ct.)Imports 0.1 0.0 0.2 0.0 4.7 0.0 0.7 0.0 0.0 0.3 1.6 5.4 5.3Exports 202.4 191.5 190.5 189.9 201.6 123.6 346.1 409.9 355.2 482.1 490.4 325.9 0.1 0.3 0.7 0.3 0.3

SMELTER PRODUCTIONSmelter Primary 455.9 435.0 443.2 411.9 377.0 264.4 Smelter Secondary 125.9 117.5 107.7 97.2 114.6 78.2Low Grade Electrowon Smelter Total 455.9 435.0 443.2 411.9 377.0 264.4 125.9 117.5 107.7 97.2 114.6 78.2

Blister and AnodeImports 0.0 0.0 0.0 4.1 1.1 1.7 0.1 0.9 5.2 207.9 291.2 291.1 237.6 267.5 171.5Exports 2.3 6.1 0.1 3.5 10.5 19.9 4.5 7.4 7.4

REFINERY PRODUCTIONRefinery Primary 465.5 416.6 431.8 417.9 376.5 264.2 201.7 218.7 220.6 223.9 237.9 148.3Refinery Secondary 16.0 16.0 16.0 16.0 16.0 10.7 225.2 204.6 172.3 161.8 152.8 111.8Refinery SX-EW 77.1 67.4 58.3 50.9 52.4 27.2 Refinery Total 16.0 16.0 16.0 16.0 16.0 10.7 542.6 484.0 490.0 468.8 428.9 291.4 426.9 423.3 392.8 385.6 390.7 260.1

Refined CopperImports 4.7 12.0 17.1 17.6 14.3 10.6 7.3 23.3 0.4 1.9 1.1 0.6 37.2 58.3 17.3 9.5 21.8 20.1Exports 0.1 0.3 363.5 324.0 322.9 315.5 286.7 202.9 199.4 336.6 169.6 241.4 236.8 143.6

USAGEReported 20.6 28.0 33.1 33.6 30.3 20.9 186.3 183.3 167.0 155.2 143.4 89.1 304.4 288.7 299.9 269.1 290.5 211.5Apparent Usage 1/ 20.6 28.0 33.1 33.6 30.0 21.2 186.3 183.3 167.5 155.3 143.4 89.1 264.7 144.9 240.6 153.8 175.6 136.5

COUNTRY STOCKSProducers 5.0 5.0 5.0 5.0 5.0 5.0 Merchants Consumers Total 5.0 5.0 5.0 5.0 5.0 5.0

1/ Not including Exchange stock changes.

ARGENTINA AUSTRALIA BELGIUM

ICSG

Copper B

ulletin - Decem

ber 2007

- 45 -

TABLE 17 - COPPER STATISTICS OF SELECT COUNTRIESThousand metric tons, copper

CANADA CHILE2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007

Jan-Aug Jan-Aug Jan-Aug

MINE PRODUCTIONConcentrates 30.6 27.3 98.7 130.8 142.9 131.2 603.5 557.6 562.8 595.5 607.0 385.1 2,978.6 3,251.1 3,776.2 3,735.9 3,669.0 2,382.3Mine SX-EW 1.0 1,602.0 1,653.1 1,636.3 1,584.6 1,691.8 1,214.7Mine Total 30.6 27.3 98.7 130.8 142.9 131.2 603.5 557.6 562.8 595.5 607.0 386.0 4,580.6 4,904.2 5,412.5 5,320.5 5,360.8 3,597.0

Ores & Concentrates (Cu Ct.)Imports 141.9 131.3 192.0 120.9 160.8 110.8 129.9 73.8 65.9 81.6 104.3 36.2 6.3 1.5 17.4 21.7 37.8 16.0Exports 0.0 0.0 66.5 112.3 106.8 106.9 148.4 170.9 158.9 252.4 230.4 119.4 1,552.7 1,797.5 2,278.8 2,190.0 2,171.5 1,458.0

SMELTER PRODUCTIONSmelter Primary 173.8 170.3 186.1 177.8 199.0 135.3 513.9 430.1 446.2 441.3 484.7 305.0 1,438.7 1,542.4 1,517.6 1,558.4 1,565.4 959.1Smelter Secondary 16.8 20.9 18.7 18.8 20.6 14.9 24.8 26.8 30.0 30.5 35.8 28.6 Low Grade Electrowon Smelter Total 190.6 191.2 204.8 196.6 219.6 150.2 538.7 456.9 476.2 471.9 520.5 333.6 1,438.7 1,542.4 1,517.6 1,558.4 1,565.4 959.1

Blister and AnodeImports 0.1 1.1 0.1 1.4 0.2 0.0 58.5 127.4 148.4 159.0 93.4 57.7 0.0 0.0 0.0 0.0 Exports 1.5 84.2 84.2 76.0 87.1 88.3 64.3 182.3 275.9 336.1 321.4 457.1 324.4

REFINERY PRODUCTIONRefinery Primary 170.7 153.1 185.0 179.2 197.7 135.3 468.8 426.9 495.9 483.7 463.6 260.6 1,248.1 1,248.8 1,200.4 1,239.4 1,119.5 721.0Refinery Secondary 16.9 20.4 23.0 19.9 22.0 14.8 25.7 28.0 31.1 31.5 36.9 29.1 Refinery SX-EW 1.0 1,602.0 1,653.1 1,636.3 1,584.6 1,691.8 1,214.7Refinery Total 187.6 173.5 208.0 199.0 219.7 150.1 494.5 454.9 527.0 515.2 500.5 290.6 2,850.1 2,901.9 2,836.7 2,824.0 2,811.3 1,935.7

Refined CopperImports 103.2 151.2 154.2 167.7 175.5 141.7 11.7 21.7 53.3 64.4 60.2 10.0 0.0 0.0 0.0 0.0 0.1Exports 51.3 24.0 21.9 39.7 56.0 68.7 238.1 218.9 279.8 297.0 279.9 177.0 2,770.2 2,565.5 2,950.3 2,782.1 2,605.7 2,041.4


COUNTRY STOCKSProducers 3.6 4.0 11.8 10.7 10.7 10.7 10.0 10.4 8.4 11.2 13.8 10.2 260.6 502.3 343.0 265.1 359.2 182.5Merchants Consumers Total 3.6 4.0 11.8 10.7 10.7 10.7 10.0 10.4 8.4 11.2 13.8 10.2 260.6 502.3 343.0 265.1 359.2 182.5


BRAZIL

ICSG

Copper B

ulletin - Decem

ber 2007

- 46 -


FINLAND FRANCE

2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007Jan-Aug Jan-Aug Jan-Aug

MINE PRODUCTIONConcentrates 568.0 604.4 742.2 761.6 872.9 583.2 14.4 14.9 15.5 15.0 13.0 9.1 Mine SX-EW 10.0 10.0 12.0 15.0 16.1 12.9 Mine Total 578.0 614.4 754.2 776.6 889.0 596.1 14.4 14.9 15.5 15.0 13.0 9.1

Ores & Concentrates (Cu Ct.)Imports 619.6 800.9 860.8 1,217.7 1,084.0 957.3 150.8 162.9 158.7 151.4 163.3 97.7 0.0 0.0 0.0Exports 10.7 20.6 4.3 0.1 0.0 0.4 0.1 2.5 2.0 1.1

SMELTER PRODUCTIONSmelter Primary 1,179.9 1,379.2 1,502.9 1,751.5 1,917.5 1,391.3 155.9 156.7 164.0 158.2 159.3 76.9 Smelter Secondary 330.0 334.3 415.0 500.0 600.0 366.2 5.0 4.6 5.0 4.8 5.0 3.3 Low Grade Electrowon Smelter Total 1,509.9 1,713.5 1,917.9 2,251.5 2,517.5 1,757.5 160.9 161.3 169.0 163.0 164.3 80.3

Blister and AnodeImports 105.5 123.4 114.4 129.2 88.5 99.9 0.0 0.0 0.3 0.1 0.2 0.3 0.3 0.2Exports 3.4 1.5 1.3 3.7 2.7 43.2 33.1 25.6 29.7 35.0 7.6 0.6 5.7 6.2 3.4 2.7 0.3

REFINERY PRODUCTIONRefinery Primary 1,202.2 1,400.0 1,616.7 1,901.4 1,988.1 1,519.2 121.9 130.4 131.1 127.2 132.7 71.9 Refinery Secondary 400.3 426.0 570.0 684.0 999.1 729.8 5.0 4.6 5.0 4.7 5.0 2.9 Refinery SX-EW 10.0 10.0 12.0 15.0 16.1 12.9 Refinery Total 1,612.5 1,836.0 2,198.7 2,600.4 3,003.3 2,261.9 126.9 135.0 136.1 131.9 137.8 74.8

Refined CopperImports 1,181.0 1,357.3 1,200.1 1,222.2 827.1 1,078.5 0.3 0.1 0.0 0.0 0.2 576.4 578.5 590.3 516.9 506.7 306.5Exports 76.6 64.4 123.9 140.2 243.0 89.1 38.9 34.3 27.6 40.2 55.2 19.5 15.1 27.3 54.5 44.7 46.2 58.5

USAGEReported 2,774.5 3,096.9 3,370.7 3,669.4 3,630.5 3,227.8 96.0 103.6 108.8 91.8 82.6 55.2 545.0 540.0 550.0 505.0 540.1 334.2Apparent Usage 1/ 2/ 2,774.5 3,096.9 3,370.7 3,669.4 3,630.5 3,227.8 88.9 100.6 108.6 91.8 82.6 55.2 547.8 573.8 535.7 490.4 457.7 230.0

COUNTRY STOCKSProducers 39.0 37.0 40.0 40.0 40.0 40.0 1.2 1.4 1.2 1.2 1.2 1.5 Merchants Consumers 57.8 35.3 35.4 17.2 20.0 38.0Total 39.0 37.0 40.0 40.0 40.0 40.0 1.2 1.4 1.2 1.2 1.2 1.5 57.8 35.3 35.4 17.2 20.0 38.0

1/ Not including Exchange stock changes.2/ In the case of China, includes SHME stock change and Hong Kong apparant usage.

CHINA

ICSG

Copper B

ulletin - Decem

ber 2007

- 47 -


GREECE INDIA2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


2/

MINE PRODUCTIONConcentrates 30.8 28.3 30.0 25.1 29.0 24.1Mine SX-EW Mine Total 30.8 28.3 30.0 25.1 29.0 24.1

Ores & Concentrates (Cu Ct.)Imports 311.2 264.1 342.6 344.4 344.7 273.6 0.0 0.0 300.0 183.0 232.2 321.9 722.6 200.6Exports 4.7 14.4 14.7 13.7 16.5 16.5 31.8 0.1 5.7 0.0 13.3

SMELTER PRODUCTIONSmelter Primary 295.1 288.8 278.6 257.2 273.8 185.3 374.9 386.2 399.6 482.3 609.6 471.8Smelter Secondary 283.1 205.3 262.6 251.4 266.3 174.6 5.0 38.0 15.0 13.0Low Grade Electrowon Smelter Total 578.2 494.1 541.1 508.6 540.0 359.9 374.9 386.2 404.6 520.3 624.6 484.8

Blister and AnodeImports 38.5 17.3 11.6 36.7 41.6 21.9 0.0 0.0 0.0 0.0 0.0 0.0 2.8 0.4 1.4 4.4 5.6 0.7Exports 2.2 1.6 0.1 1.4 3.2 0.0 0.2 1.6 0.3 0.4 0.1 0.0 0.2 4.4 1.9 7.6 7.9 0.0

REFINERY PRODUCTIONRefinery Primary 327.0 296.0 283.7 293.8 312.1 207.2 374.0 390.0 400.3 477.9 609.6 471.8Refinery Secondary 368.8 301.0 369.0 344.4 350.2 239.6 5.0 38.0 15.0 13.0Refinery SX-EW Refinery Total 695.8 597.0 652.6 638.3 662.3 446.8 374.0 390.0 405.3 515.9 624.6 484.8

Refined CopperImports 459.2 516.6 584.9 703.7 881.5 566.9 126.0 108.7 120.1 90.6 106.4 77.3 12.1 45.9 31.1 36.8 15.8 2.3Exports 91.0 117.6 137.2 162.1 146.1 73.4 0.3 1.5 1.9 1.2 2.6 1.9 89.3 105.4 132.8 162.8 235.8 67.5

USAGEReported 1,075.0 1,011.9 1,120.8 1,179.9 1,397.7 940.2 125.9 107.2 118.4 89.3 87.9 59.0 296.9 311.1 350.0 415.0 440.0 326.0Apparent Usage 1/ 1,075.2 1,009.3 1,110.3 1,179.9 1,397.7 940.2 125.7 107.2 118.2 89.3 103.9 75.4 296.9 330.5 303.5 390.0 404.5 419.6

COUNTRY STOCKSProducers 60.1 47.0 70.0 70.0 70.0 70.0 6.0 6.0 6.0 6.0 6.0 6.0Merchants 4.5 5.7 Consumers 28.7 27.3 Total 93.3 80.0 70.0 70.0 70.0 70.0 6.0 6.0 6.0 6.0 6.0 6.0

1/ Not including Exchange stock changes.2/ Trade through Mar.

GERMANY

ICSG

Copper B

ulletin - Decem

ber 2007

- 48 -


INDONESIA IRAN ITALY2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


2/ 3/ 3/

MINE PRODUCTIONConcentrates 1,162.9 1,003.5 843.2 1,064.9 816.2 576.8 119.2 115.3 135.5 154.6 207.2 160.3 1.0 Mine SX-EW 8.8 12.5 10.8 9.6 9.0 5.1 Mine Total 1,162.9 1,003.5 843.2 1,064.9 816.2 576.8 128.0 127.8 146.3 164.2 216.2 165.4 1.0

Ores & Concentrates (Cu Ct.)Imports 0.1 0.0 0.0 14.4 7.5 0.0 24.0 55.4 2.3 0.0 0.0 0.0Exports 920.0 762.1 578.2 762.5 699.2 317.5 2.5 0.4 0.1 10.7 1.5 0.1 0.0

SMELTER PRODUCTIONSmelter Primary 211.2 247.4 211.6 275.0 201.2 179.8 119.9 121.2 134.1 170.2 177.5 119.1 Smelter Secondary 51.7 47.5 51.0 57.1 66.6 45.9 Low Grade Electrowon Smelter Total 211.2 247.4 211.6 275.0 201.2 179.8 171.6 168.7 185.1 227.3 244.1 165.0

Blister and AnodeImports 0.0 0.1 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.2 0.6 0.3 0.2 1.0 0.3 0.6Exports 14.5 17.2 1.0 0.0 5.0 4.4 0.7 6.7 2.8 3.6 6.9

REFINERY PRODUCTIONRefinery Primary 192.3 223.3 210.5 262.9 217.6 176.5 94.1 95.6 102.8 126.2 139.5 92.8 Refinery Secondary 40.6 37.5 38.9 42.3 52.4 35.1 32.4 26.7 33.6 32.2 36.4 19.8Refinery SX-EW 8.8 12.5 10.8 9.6 9.0 5.1 Refinery Total 192.3 223.3 210.5 262.9 217.6 176.5 143.5 145.6 152.5 178.0 200.9 133.0 32.4 26.7 33.6 32.2 36.4 19.8

Refined CopperImports 50.5 15.9 15.8 21.1 17.6 2.6 11.1 27.8 23.6 23.0 643.4 650.8 700.8 654.4 774.1 498.5Exports 134.2 196.0 243.3 280.1 110.9 86.5 32.9 46.9 54.7 31.8 3.1 12.8 17.8 4.5 10.0 10.4

USAGEReported 125.0 179.0 203.0 212.0 220.0 150.3 110.1 110.0 120.0 124.0 130.0 90.5 672.7 664.7 719.3 681.0 801.0 507.5Apparent Usage 1/ 108.5 43.2 -17.0 3.9 124.3 92.7 121.7 126.5 121.3 169.2 200.9 133.0 672.7 664.7 720.0 681.1 801.0 507.5

COUNTRY STOCKSProducers Merchants Consumers 15.0 15.0 11.6 12.5 12.0 12.5Total 15.0 15.0 11.6 12.5 12.0 12.5

1/ Not including Exchange stock changes.2/ Trade through Jun.3/ Trade not yet available.

ICSG

Copper B

ulletin - Decem

ber 2007

- 49 -


JAPAN KAZAKHSTAN KOREAN REP.2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


MINE PRODUCTIONConcentrates 1.0 1.5 1.0 1.0 0.3 473.8 485.4 461.8 401.7 434.1 277.2 Mine SX-EW Mine Total 1.0 1.5 1.0 1.0 0.3 473.8 485.4 461.8 401.7 434.1 277.2

Ores & Concentrates (Cu Ct.)Imports 1,281.0 1,232.5 1,292.5 1,252.8 1,326.6 954.9 0.0 17.8 29.7 1.3 381.4 397.5 392.4 417.8 437.4 275.4Exports 0.3 48.2 65.7 77.9 37.8 24.6 41.5 0.0

SMELTER PRODUCTIONSmelter Primary 1,317.3 1,343.4 1,270.5 1,319.2 1,409.1 936.9 459.6 437.8 452.2 425.8 426.2 286.0 380.0 410.0 392.5 436.6 449.2 316.2Smelter Secondary 182.1 173.4 194.9 198.5 219.2 166.2 50.0 50.0 50.0 49.9 34.8 26.2Low Grade Electrowon Smelter Total 1,499.4 1,516.8 1,465.4 1,517.8 1,628.3 1,103.1 459.6 437.8 452.2 425.8 426.2 286.0 430.0 460.0 442.5 486.5 484.0 342.4

Blister and AnodeImports 9.4 4.1 6.4 2.4 9.5 9.2 0.5 0.4 0.0 0.0 0.1 68.8 51.0 53.5 32.7 87.1 65.2Exports 50.4 10.4 8.1 11.8 9.3 5.8 7.3 5.7 10.0 7.1 2.1 0.0 0.0 0.2 0.2 0.1 0.1

REFINERY PRODUCTIONRefinery Primary 1,211.1 1,251.7 1,188.0 1,227.5 1,342.3 921.8 452.9 434.2 445.2 418.8 427.5 269.6 455.3 465.0 451.0 474.3 541.1 355.6Refinery Secondary 190.0 178.6 192.0 167.8 189.7 138.0 45.0 45.0 45.0 45.0 34.4 29.8Refinery SX-EW Refinery Total 1,401.1 1,430.3 1,380.0 1,395.3 1,532.1 1,059.8 452.9 434.2 445.2 418.8 427.5 269.6 500.3 510.0 496.0 519.3 575.5 385.4


USAGEReported 1,167.1 1,202.3 1,278.6 1,223.1 1,282.4 823.6 64.5 58.7 52.6 17.7 71.2 47.5 911.1 906.0 937.0 863.8 811.8 538.5Apparent Usage 1/ 1,167.4 1,202.1 1,279.0 1,229.0 1,282.3 823.6 64.5 58.7 54.3 17.7 71.1 19.9 911.1 906.0 937.0 863.8 811.8 604.8

COUNTRY STOCKSProducers 49.6 75.9 68.7 75.4 76.0 82.7 4.0 4.0 4.0 45.0 45.0 45.0Merchants 8.5 11.1 8.7 5.9 6.3 11.6 2.0 2.0 2.0 Consumers 35.3 23.5 27.6 16.4 20.5 21.9 8.0 8.0 8.0 Total 93.5 110.5 105.1 97.7 102.8 116.2 48.0 48.0 48.0 45.0 45.0 45.0


ICSG

Copper B

ulletin - Decem

ber 2007

- 50 -


PERU POLAND2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


MINE PRODUCTIONConcentrates 260.6 281.0 327.5 336.6 250.0 181.4 688.1 691.4 868.6 843.9 875.4 646.3 502.8 505.0 531.0 512.0 497.2 303.7Mine SX-EW 69.3 76.4 78.1 92.7 87.7 84.1 156.5 171.2 167.0 165.5 173.8 116.8 Mine Total 329.9 357.4 405.6 429.3 337.7 265.5 844.6 862.6 1,035.6 1,009.5 1,049.1 763.1 502.8 505.0 531.0 512.0 497.2 303.7

Ores & Concentrates (Cu Ct.)Imports 8.8 1.5 0.0 6.7 27.5 0.0 0.3 0.1 0.2 0.4 1.6 13.2 33.9 6.6Exports 35.1 42.9 71.9 39.6 33.5 25.9 380.0 313.1 482.1 482.7 528.3 483.2 6.1 2.7

SMELTER PRODUCTIONSmelter Primary 258.4 217.6 268.6 298.7 252.4 192.2 379.6 376.1 377.8 381.6 381.3 176.7 510.7 500.0 547.2 526.6 445.1 270.8Smelter Secondary 5.0 5.0 5.0 5.0 5.0 3.4 29.4 24.1 33.3 30.0 80.0 39.9Low Grade Electrowon Smelter Total 263.4 222.6 273.6 303.7 257.4 195.6 379.6 376.1 377.8 381.6 381.3 176.7 540.1 524.1 580.5 556.6 525.1 310.7

Blister and AnodeImports 74.6 63.2 70.0 64.2 77.7 51.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.4 31.6 17.3Exports 18.4 16.1 21.3 17.8 19.8 18.0 34.0 25.4 28.2 49.7 20.0 7.9 17.3 0.0 0.0

REFINERY PRODUCTIONRefinery Primary 279.9 238.0 290.1 317.7 252.4 152.0 346.3 345.8 338.3 344.9 333.8 151.2 478.7 500.4 520.1 530.2 476.1 312.9Refinery Secondary 5.0 5.0 5.0 5.0 5.1 3.4 30.0 29.2 30.0 30.0 80.5 39.9Refinery SX-EW 69.3 76.4 78.1 92.7 87.7 84.1 156.5 171.2 167.0 165.5 173.8 116.8 Refinery Total 354.2 319.4 373.2 415.4 345.2 239.5 502.7 517.0 505.3 510.4 507.6 268.0 508.7 529.6 550.1 560.2 556.6 352.8

Refined CopperImports 66.8 64.6 56.9 52.3 46.1 15.3 0.0 0.0 2.4 2.8 0.3 0.2 0.4 1.0 0.7 5.5 3.6Exports 55.2 20.5 24.1 37.6 62.0 52.8 458.0 461.3 447.4 469.2 441.7 214.1 262.4 276.6 275.1 290.5 287.7 159.4


COUNTRY STOCKSProducers 4.8 4.8 5.0 5.0 5.0 5.0 6.0 6.0 15.0 10.7 17.1 13.0Merchants Consumers Total 4.8 4.8 5.0 5.0 5.0 5.0 6.0 6.0 15.0 10.7 17.1 13.0


MEXICO

ICSG

Copper B

ulletin - Decem

ber 2007

- 51 -


RUSSIAN FED. SPAIN2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


MINE PRODUCTIONConcentrates 77.2 77.5 95.7 89.5 78.6 56.9 662.1 650.0 630.0 638.0 670.2 451.8 1.2 0.6 1.4 7.9 6.6 4.4Mine SX-EW 2.0 4.8 6.7 Mine Total 77.2 77.5 95.7 89.5 78.6 56.9 662.1 650.0 630.0 640.0 675.0 458.4 1.2 0.6 1.4 7.9 6.6 4.4

Ores & Concentrates (Cu Ct.)Imports 43.2 3.7 35.1 36.9 23.0 10.6 284.6 286.9 233.1 311.9 280.8 173.6Exports 77.7 76.4 83.2 90.1 79.7 53.7 3.5 1.1 21.3 29.1 0.5 1.4 1.2 0.5 0.8 4.2 0.4 0.2

SMELTER PRODUCTIONSmelter Primary 660.3 662.0 661.9 695.5 712.3 483.0 281.3 276.3 210.2 278.6 263.1 168.4Smelter Secondary 201.7 180.0 257.0 261.5 290.0 193.0 16.7 14.0 14.1 5.5 0.6 1.9Low Grade Electrowon Smelter Total 862.0 842.0 918.9 957.0 1,002.3 676.1 298.0 290.3 224.3 284.2 263.7 170.3

Blister and AnodeImports 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.2 15.3 2.5 0.3 2.7 0.6Exports 0.0 0.0 7.5 0.0 0.0 6.9 0.0 0.0 0.0 6.7 21.1 37.4 50.9 62.3 45.9 24.2

REFINERY PRODUCTIONRefinery Primary 653.4 662.0 682.1 684.4 704.5 476.5 271.5 259.0 194.1 242.7 235.3 158.0Refinery Secondary 201.7 180.0 237.0 248.5 283.8 197.3 67.5 64.5 64.3 66.0 64.0 42.8Refinery SX-EW 2.0 4.8 6.7 Refinery Total 855.1 842.0 919.1 934.9 993.1 680.5 339.0 323.5 258.4 308.7 299.3 200.8

Refined CopperImports 0.1 2.4 1.7 0.0 0.1 0.3 0.2 0.8 0.0 0.4 2.2 0.1 26.7 33.7 74.3 69.1 63.1 40.1Exports 0.0 0.2 0.2 0.1 0.0 505.7 395.4 331.5 300.7 273.1 199.6 24.0 47.2 32.7 48.6 37.8 17.6

USAGEReported 0.1 2.2 1.6 1.5 1.5 1.0 349.6 447.4 587.6 634.6 721.0 484.0 307.0 311.0 331.0 321.0 319.1 219.6Apparent Usage 1/ 0.1 2.2 1.5 0.0 -0.1 0.3 349.6 447.4 587.7 634.6 722.2 481.0 341.7 309.9 300.0 329.2 324.6 223.3

COUNTRY STOCKSProducers Merchants Consumers Total


PORTUGAL

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UNITED KINGDOM2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


MINE PRODUCTIONConcentrates 72.1 83.0 82.3 86.9 86.8 40.1 Mine SX-EW Mine Total 72.1 83.0 82.3 86.9 86.8 40.1

Ores & Concentrates (Cu Ct.)Imports 114.1 90.2 101.7 89.4 81.9 91.1 0.0 0.4 0.2 0.1 0.1 0.8 0.4Exports 0.0 0.0 1.4 0.0 0.0 0.0

SMELTER PRODUCTIONSmelter Primary 179.7 164.6 181.2 153.2 140.8 101.6 Smelter Secondary 47.1 51.5 53.0 54.9 53.0 35.3 Low Grade Electrowon Smelter Total 226.8 216.1 234.2 208.1 193.8 136.9

Blister and AnodeImports 0.0 0.0 0.0 15.5 35.6 7.7 1.9 2.1 0.7 1.6 1.8 0.1 0.1 0.0 0.1 2.0 0.2 0.6Exports 0.0 0.9 0.1 0.1 0.3 2.5 0.6 0.9 1.9 0.3 0.0 0.3 0.9 0.8 0.3 0.2 0.2

REFINERY PRODUCTIONRefinery Primary 177.3 162.6 181.0 168.6 176.0 109.0 Refinery Secondary 47.1 51.5 54.7 54.9 53.2 35.3 Refinery SX-EW Refinery Total 224.4 214.1 235.6 223.5 229.3 144.2



COUNTRY STOCKSProducers Merchants Consumers 7.0 7.0 7.0 7.0 7.0 7.0Total 7.0 7.0 7.0 7.0 7.0 7.0


SWEDEN TAIPEI, CHINA

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SERBIA ZAMBIA2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007 2002 2003 2004 2005 2006 2007


MINE PRODUCTIONConcentrates 556.9 539.1 590.0 603.1 691.4 450.3 30.7 21.3 12.2 12.9 26.5 17.4 258.0 299.0 319.5 330.0 350.0 212.5Mine SX-EW 600.5 591.1 584.0 553.7 530.4 343.0 83.0 79.0 82.6 102.8 124.1 133.3Mine Total 1,157.4 1,130.2 1,174.0 1,156.8 1,221.8 793.3 30.7 21.3 12.2 12.9 26.5 17.4 341.0 378.0 402.1 432.8 474.1 345.8

Ores & Concentrates (Cu Ct.)Imports 71.9 27.1 6.9 0.2 11.3 2.4 2.4 33.7 37.5 11.2 0.9 6.7 Exports 23.0 9.9 23.7 62.4 108.2 80.9 0.4 0.3 0.3 2.0 5.4 49.1

SMELTER PRODUCTIONSmelter Primary 683.3 538.7 542.1 523.2 501.3 423.6 36.1 11.6 12.0 25.0 28.9 26.7 245.0 245.0 280.1 244.8 289.7 151.1Smelter Secondary 6.7 6.5 3.0 6.0 9.8 6.6 Low Grade Electrowon Smelter Total 683.3 538.7 542.1 523.2 501.3 423.6 42.7 18.1 15.0 31.0 38.7 33.3 245.0 245.0 280.1 244.8 289.7 151.1

Blister and AnodeImports 148.4 156.9 148.9 133.5 172.2 104.4 0.0 0.0 0.2 0.0 0.5 Exports 34.5 26.1 46.5 41.7 18.9 10.0 0.0 0.5 0.0 0.4 5.3

REFINERY PRODUCTIONRefinery Primary 841.4 662.1 671.3 654.1 675.2 513.4 29.2 7.6 10.9 25.1 37.4 25.3 247.8 240.8 285.6 247.0 240.0 162.0Refinery Secondary 70.0 53.2 50.8 47.2 44.8 28.0 6.7 6.5 1.1 6.0 8.0 5.2 Refinery SX-EW 600.5 591.1 584.0 553.7 530.4 343.0 89.0 109.0 124.0 152.4 177.6 152.5Refinery Total 1,511.9 1,306.4 1,306.0 1,255.0 1,250.3 884.4 35.9 14.0 12.0 31.1 45.4 30.4 336.8 349.8 409.6 399.4 417.6 314.5

Refined CopperImports 926.8 882.2 703.9 977.1 1,073.1 581.2 5.3 16.7 38.7 43.2 14.2 14.3 0.0 0.1 Exports 26.6 93.3 127.1 51.1 123.6 32.1 43.6 8.2 4.9 21.9 13.7 7.0 328.8 353.4 393.1 405.4 475.7 293.5

USAGEReported 2,363.6 2,295.3 2,414.8 2,274.0 2,130.3 1,488.0 20.0 17.0 20.0 35.0 36.3 24.8 8.4 15.0 18.0 24.0 27.0 18.8Apparent Usage 1/ 2,440.2 2,096.8 1,892.7 2,177.6 2,169.0 1,446.5 -2.4 22.5 45.8 52.4 45.9 37.7 8.0 -3.6 16.5 -5.9 -58.1 21.0

COUNTRY STOCKSProducers 11.7 12.1 10.3 8.2 28.1 10.0 12.0 12.0 12.0 12.0 12.0 12.0Merchants Consumers 55.3 53.5 45.3 50.8 61.7 66.8 Total 67.0 65.5 55.7 59.0 89.8 76.8 12.0 12.0 12.0 12.0 12.0 12.0


UNITED STATES

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International Copper Study Group Order Form Prices are quoted in Euros. For US dollars payments contact ICSG (see below)

PUBLICATION

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The ICSG monthly publication COPPER BULLETIN o One year�s subscription (13 issues including the Yearbook)

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LIST OF ICSG PUBLICATIONS

• COPPER BULLETIN (monthly)

The ICSG Copper Bulletin includes annual and monthly statistics on copper and copper products, their production, usage and trade by country, as well as stocks and exchange prices, providing a global view of supply and demand. Subscribers to the Copper Bulletin receive the Yearbook as part of their annual subscription.

• STATISTICAL YEARBOOK (2007) The ICSG Copper Bulletin yearbook includes annual statistics on copper and copper products, their production, usage and trade by country, as well as stocks and exchange prices, providing a global view of supply and demand for the past 10 years. The Yearbook serves as a useful tool for consultations and analysis on the longer term evolution of world copper production, usage, stocks and prices. Subscribers to the Copper Bulletin receive the Yearbook as part of their annual subscription.

• DIRECTORY OF COPPER MINES AND PLANTS (March 2007 edition) The Directory of Copper Mines and Plants highlights current capacity and provides a five year outlook of forecasted capacity for over 700 existing and planned copper mines, plants and refineries on a country by country basis, including separate tables for SX-EW plants. Salient details for each operation are included and the Directory separates operations between Operating & Developing and Exploration & Feasibility stages. The Directory is published twice a year.

• DIRECTORY OF COPPER & COPPER ALLOY FABRICATORS (FIRST USE) 2006 EDITION This directory provides a systematic global overview of companies and plants involved in the first use of copper. First users are mainly semis fabricators that process refinery shapes into semi-finished copper and copper alloy products. The Directory covers wire rod plants, ingot makers (for castings), master alloy plants, brass mills, and electrodeposited copper foil mills. Powder and chemical plants are not included. The 2006 Edition encompasses data to the end of 2005 for over 75 countries and over 1200 existing, developing and planned first use plants, with anticipated changes to June 2006. Published October 2006.

• ICSG STATISTICAL DATABASE The ICSG maintains one of the world's most complete historical and current databases with statistics on copper production capacities, data on copper production, consumption, stocks, prices, recycling and trade for copper products. Historical data series and other data are available on custom request.

• WORLD COPPER FACTBOOK (2007) ICSG's World Copper Factbook provides a broad overview of all facets of copper: from how it is produced, traded, used and recycled, to health, environmental, and sustainable development issues. Filled with facts, figures and explanations, the Factbook is a useful reference guide for all.

• THE RUSSIAN COPPER INDUSTRY Prepared by INFOMINE Research Group, this study undertakes a detailed view of the Russian copper industry since the start of the 1990s. The report covers the mined to refined stages, including secondary refining and the semis fabricating stage with its links to end uses. In addition to an analysis of historical developments, an outlook for the medium term development of the industry is presented (up to 2015).

• THE CHINA FACTOR IN GLOBAL COPPER USAGE AND ITS CONSEQUENCES 2007 An updated version of the major report prepared by BGRIMM (Beijing General Research Institute of Mining and Metallurgy) in 2006 is now available. The report aims at identifying the impact of China and its rapid growth on the global demand for copper. Highlights include: historical data since 1994 on Chinese copper mining, smelting and refining (semis and recycling/scrap issue are also included); a review of Chinese overseas investments in copper production, information on the main foreign semis manufacturing operations in China; and an overview of the Chinese copper industry until 2015.

• SUBSTITUTION IN CHINA’S COPPER INDUSTRY Prepared by BGRIMM, this report analyses the main factors factors causing substitution and the main forms of substitution, and shows where (by sector) and in what quantity substitution has occurred. It also gives an evaluation of the future trends for substitution in the Chinese copper industry until 2015.

• VISIT ICSG’S WEBSITE (WWW.ICSG.ORG) FOR MORE PUBLICATIONS.

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