The latest report titled “Copper Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Copper.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Copper production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Copper Production Process:
1. Copper Production Cost From sulfide ore via pyrometallurgy: This report presents the detailed production methodology and cost analysis of Copper industrial production across Copper manufacturing plants. The copper ore is mined, transported, and crushed by the addition of liquid. The ore is then subjected to a froth flotation technique to separate the gauge from copper. The froth is then taken into thickeners to make it solid and then copper is filtered from other metals. The concentrate obtained is smelted at high temperatures which in turn produces copper matte. The molten matte is added to a convertor and then to an anode smelter to produce molten anode copper which on cooling gives anode slabs. These slabs are further refined using electrolysis and at last copper plated cathodes are obatined.
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2.Copper Production Cost From Copper oxide ore via hydrometallurgy: This report presents the detailed production methodology and cost analysis of Copper industrial production across Copper manufacturing plants. In the initial step, the ore is mined, transported, and crushed and is then subjected to heap leaching. In heap leaching, dilute sulphuric acid is added to dissolve the copper metal from the ores and the resultant mixture or pregnant leach solution is extracted. This solution is mixed with immiscible solvents to migrate copper metal from the leach solution to the solvent and then the two liquids are separated. The obtained copper solution undergoes electrowinning or electrolysis with copper as an electrolyte to obtain pure copper at the cathode plate.
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Product Definition:
Copper with elemental symbol Cu and atomic number 29, is a metallic element that is reddish-brown in color. It is one of the earliest metals that humans are known to have utilized, and owing to its great electrical and thermal conductivity, malleability, and corrosion resistance, it has a wide range of applications. Due to its high conductivity, copper is a necessary component of electrical wiring and power transmission. It has a wide range of applications in electrical systems, power generation and distribution, telecommunications, electronics, and different electronic gadgets. The superior heat conductivity of copper is another noteworthy characteristic. Because of this characteristic, it is perfect for industrial applications, plumbing systems, and heat exchangers.
Market Drivers:
Electrical components, power transmission lines, and wiring all frequently use copper. It is perfect for effective power transfer in residential, commercial, and industrial environments thanks to its high electrical conductivity and low resistance. Printed circuit boards (PCBs), connections, and electrical gadgets also include this metal. Plumbing systems, roofing materials, etc., all use copper in building systems. It is a preferred option for pipes, fittings, and architectural features due to its corrosion resistance, robustness, and aesthetic appeal. A variety of industries, including HVAC (heating, ventilation, and air conditioning), refrigeration, and automotive applications, can benefit from copper’s superior thermal conductivity by using it for heat exchangers, radiators, and cooling systems. The manufacturing of bearings, gears, valves, and other components needing high strength, wear resistance, and corrosion resistance uses copper alloys like bronze and brass. Copper is also employed in hydraulic and lubricating systems for industrial machines.
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