According to the end-use dataset, 30.6 Mtpa of copper semis were used in 2022 - see https://help.copper.fyi/hc/en-us/articles/4408226152082.
The manufacturing efficiency of copper production is around 85% . Hence, ~ 26 Mtpa of copper product flows into society.
The 10-year rolling average market price for copper cathode was 6,875 $ for the period 2013-2022: https://help.copper.fyi/hc/en-us/articles/4410114502674
A 'revenue' for copper production can be estimated at 26 Mtpa * 6,875 $/tonne = 179 B$pa.
Further revenue streams generated by the copper sector:
- By-products and co-productions of copper mining, smelting and refining: Ag, Au, Cu, Mo, Ni, Pb, Zn, ... - according to SKARN Associates, these contributed over 30% of revenue in 2022 (https://www.skarnassociates.com/products/copper)
- Fabricators produce copper products typically adding 5 - 25% of value to the reference price of copper at the London Metal Exchange.
These bring the total revenue throughout the copper value chain to ~ 250 B$pa.
 See table S4 in https://pubs.acs.org/doi/suppl/10.1021/es400069b/suppl_file/es400069b_si_001.pdf for an estimate of this parameter for copper's 16 end-use markets in the end-use dataset.
Last update: October 21, 2023
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