Copper, Market Growth Potential And Threats In The Asia Pacific Region

APEC, the Asia Pacific Economic Cooperation is the forum of 21 countries having approximately 56% of the total world income, and over 45% of global trade. In 1997, APEC economies produced 67% of the world copper output, 55% of gold, and over 45% of other base metals. Mining in APEC captures more than 60% of the total mining investment in the world. New and emerging economies are now appearing in the demand scenery, such as China. New trends in the international environmental regulations are posing questions related to the use of copper in different industrial and consumption applications. These may have a strong impact on future trade of copper. New applications are also appearing based in new technology fields. The paper examines the growth potential of the copper market in main consumer ad highly populated economies of APEC, incorporating analysis of various interrelated factors. It also analyses the outlook of the copper supply. Its conclusions point to the need to implement demand outlook models. Finance and economic reforms will open important avenues for trade growth in basic metals, particularly copper. Changes in the consumption patterns of highly populated countries will add to better perspectives of copper demands. The recovery of a fast pace of economic growth in the APEC region will bring new demands for copper, especially as a consequence of high tech applications. More extended policies focused in the need for developing energy efficiency programs and schemes will add to this picture.