Increase in copper reserves – long-term availability secure

Good news for users of copper raw materials: Global copper reserves have increased from 870 to 1,000 million tonnes according to the United States Geological Survey (USGS). The German Copper Association (Kupferverband) has presented a resume of the current figures in a factsheet.

With a workforce of approx. 1.8 million employees and a gross value creation of 216 billion euros, the companies belonging to the copper industry’s added-value chain play an important part within the German economy, as the Copper Association points out. Above all, the automotive sector and mechanical engineering rely on this raw material for many of their products. Copper is also deemed irreplaceable for increasing the amount of renewable energy. Good news for everyone using copper raw materials: global copper reserves have increased from 870 to 1000 million tonnes according to the United States Geological Survey (USGS).
Overall, the number of known copper deposits and thus also the copper reserves has been steadily increasing over the years. The assumption is that this trend will continue in the future. According to USGS data, there have been 40 years of copper reserves and more than 200 years of copper resources available on average since 1950. These include reserves, deposits that have already been discovered and are potentially profitable as well as undiscovered reserves which have been predicted based on preliminary geological surveys. According to the USGS, these copper resources currently amount to a total of 5,600 million tonnes. Download the factsheet from www.kupfer.de.
Source: German Copper Association (Kupferverband)