In 1403, the price of copper broke a record at the global level and its increase can also stimulate the production rate in the domestic market. The rise in copper prices is due to China’s economic growth, reduced production and supply, and mergers of major mining companies. This price increase can increase domestic production and strengthen exports, but in any case, its price in the commodity exchange has an increasing trend. The prediction and analysis of copper price in 1403 is based on the production deficit and global economic conditions. Factors such as demand, supply, and economic changes are also influential in this field. Predictions show that the price of copper will rise unexpectedly. Stay tuned for more reviews.
What factors have caused the increase in the price of copper globally?
On May 18, 1403, the copper price record was broken in the last two years and its price exceeded 10 thousand dollars. The last time the copper price record was broken was in 2022 after Russia attacked Ukraine; But after that, the price of copper became relatively stable. Currently, experts predict that the price of copper will increase in the coming year. In recent months, the demand for copper has increased a lot. This is because its production and supply are not responding to the high demand for copper. The 5 main copper producing countries, including Chile, Peru, Congo, China and the United States, have faced a shortage of new mines and the existing mines are not able to produce enough. This issue has caused the global increase in copper prices. The increase in the price of copper at the global level is due to factors such as China’s economic growth, reduction in copper production and supply, and the merger of two large mining companies, BHP and Anglo-American. All these reasons have worked hand in hand so that we can see the record breaking price of copper at the global level.
The effect of the increase in global copper prices on the domestic market
An increase in the global price of copper can increase production, increase the activities of small-scale mines, and have a positive effect on exports in the domestic market. Things like currency and energy fluctuations to various sanctions have had many effects on the change of domestic copper prices. However, our country can take an important step towards increasing exports and earning foreign currency by increasing the exploitation of existing copper mines in the country and also by optimizing copper recycling. But in any case, the price of copper inside the country has also been affected by the factors of its price increase at the global level, and the price of copper inside the country has also increased significantly.
Is copper metal recycling a thriving business?
Due to the rising price of copper, both copper mining and its recycling, as well as the production and processing of related products, are among the booming businesses. All kinds of copper wires and cables, all kinds of waste related to electronic equipment, all kinds of melted copper waste, telecommunication copper waste, and all kinds of copper boilers and plates are included in the category of copper waste, which can be obtained by recycling them and purifying them. Of course, it should be noted that generating income in this way requires high expertise and experience in this market, and equipment related to this job must also be available. Recycled coppers are used as copper cables, transformer coils, electromotor coils, home air conditioning systems, radiators, conductors, valves, etc.
Are recycled coppers of sufficient quality and purity?
In the past, that is, in 2019, we were faced with a decrease in the quality of copper produced and recycled copper, and this issue itself has caused a decrease in the quality and quality of copper and a sharp drop in its price. But today, according to new technologies and with the help of practical devices, metals with a high percentage of purity can be extracted from the mine. Also, with a variety of specialrecycling devices such as portable analysis devices and copper stretching devices, it is possible to collect high-quality copper with a high percentage of purity in the recycling industry and re-introduce it to the production cycle; Therefore, thanks to new technologies in the industry of manufacturing modern devices, it can be claimed that recycled metals have a much better and higher quality than in previous years, and they can be re-entered into the production cycle at a reasonable price. This issue can also affect the increase in the price of recycled copper.
Conclusion
Due to the rising global price of copper, its rate in our country has also taken an upward trend. With the help of more and more efficient exploitation of domestic copper resources and with the help of optimization of copper recycling, we can not only fully satisfy the domestic needs; But by exporting it, we should also help earn more currency. Today, according to modern technologies in the recycling industry, recycled copper can be reintroduced into the production cycle with excellent quality and purity and compensate for its deficiency.
How can the increase in global copper prices affect the mining and production industry in Iran?
The increase in the global price of copper stimulates production, increases the activities of small-scale mines, and increases exports in the mining and copper production industry and the boom in copper recycling in Iran.
What measures have been taken for technical localization in copper development?
In the development of copper, measures have been taken for technical localization, including design, installation and commissioning of equipment by internal engineers and experts at Takht Gonbad Copper Manufacturing Company. These measures are aimed at reducing dependence on foreign experts and increasing productivity in copper production. Also, copper recycling with the help of modern equipment is also a solution in this field.
