The roles of Asia and Chile in the world copper market |
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| Institution: | 1. Geochronology Group, CENIEH, Paseo Sierra de Atapuerca 3, 09002 Burgos, Spain;2. Department of Earth and Environmental Sciences, University of Michigan, Ann Arbor, MI 48109-1005, USA;1. College of Economics and Management, Nanjing Forestry University, Nanjing 210037, PR China;2. State Key Laboratory of Pollution Control and Resource Reuse, School of the Environment, Nanjing University, Nanjing 210023, PR China |
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| Abstract: | Examining the production and consumption for copper between 1985 and 2003, we see two dramatic changes. The first is the rapid growth of consumption in China and other Asian countries, the second the rapid growth of production in Chile. This paper examines these two important developments, which nicely accommodated each other, allowing the global copper market to remain more or less in balance over this period. A better understanding of the forces responsible for both, it is hoped, will allow us to understand better whether they are likely to continue in the future in a manner that provides a rough balance between global consumption and the available production. |
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