Daily News Analysis

Copper Reserves

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India to send industry delegation for copper mining opportunities in Zambia. The Mines Ministry has proposed sending an Indian industry delegation to copper-rich Zambia to discuss potential copper exploration and mining projects in the southern African country.

China Nonferrous Mining Corporation (CNMC) is among the largest producers of copper in Zambia.

Copper

  • Copper is a good conductor of electricity and is ductile.

Alloys - Alloyed with iron and nickel to make stainless steel.

    • Alloyed with nickel to make ‘morel metal’.
    • Alloyed with aluminium to make ‘duralumin’.
    • Alloyed with zinc it is known as ‘brass’ and with tin as ‘bronze’.
  • Copper is widely used in sectors like construction, consumer durables, transportation, and industrial manufacturing.
  • It is also used in clean energy technologies including solar panels, EVs, and energy efficient motors.

Reserves in India - 46 million tones; Rajasthan (50%); Madhya Pradesh (24%); Jharkhand (19%); 7% in AP, Gujarat, Haryana, Karnataka etc.

As per International Copper Association India, domestic copper demand grew by 16% in FY2022-2023, while demand for copper in clean energy technologies grew by 32%.

Reserves across globe - Chile has the world's largest copper reserves of any country by far, with 190 million metric tons as of 2022.

  • It is also the world's largest copper producer, having produced some 5.2 million metric tons of copper from mines in 2022.

Zambia

  • It got its name from the Zambezi River.
  • The country is located in southern Africa.
  • Zambia is a landlocked country of rugged terrain and diverse wildlife, with many parks and safari areas.
  • On its border with Zimbabwe is the famed Victoria Falls, plunging into the narrow Batoka Gorge.

Zambia has about 6 per cent of the world’s copper reserves and was the eighth-largest producer of copper in 2022.

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