Eurometaux, July 2015
Copper will not harden during storage; it does not have a shelf life.
The European Copper Institute (ECI) coordinates a team of professionals based in offices across Europe, and works closely with its copper industry members on regulatory matters and market development programmes. Our 2017 report provides an overview of who we are and how we operate, and presents our main activities throughout the year.
ECI’s progressive shift towards better integrated activities brought significant results in 1999. While the promotional programmes boasted an increase of focus on innovative applications, the Environment and Communications programmes started providing industry with more effective tools for increasing awareness on copper’s benefits. ECI started positioning itself as an authoritative voice on copper at a European level, both with the institutions – by working closely with EMCI (Eurométaux Copper Industry) – and with consumer industries by suggesting novel joint activities.
What a century for copper ! 2000 will remain a memorable year. It brings to an end a successful century in which copper has played a fundamental role in worldwide economic development. Back in the early 20th century, who would have thought about the multiple applications & technologies now applied by electrical wire ?
Virtually every European citizen benefits from copper. It is an integral part of our daily lives, for example in energy distribution, in heating and lighting, in our appliances, telephones and computers. The majority of us have copper tubes that provide drinking water for our families. And, we can all appreciate the beauty of a copper roof. At 4.7 million tonnes, European markets accounted for one third of the world’s copper demand during 2001.
This is a challenging time for the world’s copper industry. The slowdown in the economy has prompted further corporate restructuring and resulted in significant demand reduction. Effective promotion and defence of copper therefore become even more important. The positioning of our products against competitive materials and the responses to EU regulatory developments require the industry’s continued support for ECI’s activities
European demand for refined copper in 2003 totaled 4.7 million tonnes, up 1.3% versus 2002. Given the slight fall in the European Industrial Production Index, this supports a sustained increase in the intensity of copper use across the Region.
2004 was a year of continued change in the global copper industry. Data from the International Copper Study Group showed that the global demand for refined copper reached a record high of 16.5 million tonne, 5.6% up on 2003.
In common with many commodities, 2005 was a year of dramatically rising market prices, largely fuelled by strong demand growth in China and other parts of Asia. Compared to the London Metal Exchange copper price of 2,869 $/T in 2004, the price was up 28% to 3,684 $/T in 2005.
2009 was a difficult year for the copper industry value chain in Europe. The global financial crisis, which resulted in a severe tightening of credit and reprioritised public sector spending, led to dramatic declines in housing starts, lower industry investment and a reduction in the sales of consumer goods, such as cars and electrical products.
2010 was a year of recovery in the copper business. Based on the most recent data from the International Copper Study Group1, European refined copper usage reached 4.18 million tonnes, up 8.7% from the depressed demand in 2009. With a close correlation between economic growth and copper usage, world demand reached 19.3 million tonnes, up 6.8% on 2009.