The price of copper has been rising for a few years now so a 5% decline in the quantity of copper mined in the United States between 2009 and 2010 did not result in a loss of value of the total copper mined. Today’s market size is the quantity and value of copper mined in the United States in 2010. The graphic shows production and apparent consumption figures for a period of 30 years, from 1980 to 2010. Apparent consumption is a calculated figure based on production, plus imports, minus exports plus or minus change in stock.
Geographic reference: United States
Year: 2010
Market size: 1.12 million metric tons valued at $8.4 billion
Source: “Copper,” Mineral Commodity Summary 2011, January 2011, page 48, available online here.
Original source: U.S. Department of the Interior, USGS