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| Copper Connects Life | ||||||||||||||||||||||||
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First mined and used by
man more than 10,000 years ago,copper today is one of the most
common and versatilemetals in use across the world. It is of vital
importancein conducting electricity and as a major component in
infrastructure, including plumbing, electricity,communications and
transportation. Just abouteverything we do during the course of a
day - fromturning on the light-switch, to bathing and washing, using
the telephone, heating and cooling our homes,driving a car or using
public transportation, operating acomputer, watching television,
cooking and eating,recreating and resting - involves copper. Modern
livingand life itself depend on the "red metal." Copper is a natural element in the environment and ispresent in and essential to the health of just about everyliving organism. Included in many of the foods we eat,copper is naturally regulated by our bodies. The body useswhat it needs and excretes the rest. The metal is notmagnified in living organisms, nor is it bio-accumulated in the food chain. Copper is nearly 100% recyclable and is the most recycled of the metals. Mined copper, however, is still required to keep pace with demand brought on by economic development throughout the world. New copper deposit finds are rare. Most of the operating copper mines around the globe are exploiting deposits that were discovered decades and even more than a century ago. Demand for copper in 2004 outpaced supply. More than 11 million tons of copper were produced in concentrates from the world's mines in 2004. The PT Freeport Indonesia mine in Indonesia, one of the world's major suppliers, mined, processed and sold concentrates containing approximately 1 billion pounds of copper in 2004. We expect to sell 1.5 billion pounds of copper in 2005. The world is hungry for copper not only because there is more development taking place, but also because modern technology requires more copper than ever before. Building construction accounts for approximately 40% of all copper use. The average new single family home in the U.S. uses 439 pounds of copper and the average new automobile contains more than 50 pounds of copper. Both of these averages have grown dramatically over the past several decades and demand is expected to continue to rise, especially in fast-developing regions of the globe such as China.
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