How information provided to us is used
The information that individuals provide to the Study Group will be entered into a spreadsheet or database that will be accessed only by Study Group secretariat staff. The information will be retained by the Study Group and only used for the following purposes:
Legal basis for processing information
Personal information is used for these purposes under “legitimate interests” of the Study Group, in that individuals in the copper industry would reasonably expect the organisation to use the information for the purposes listed above. This processing of information is necessary for the continuation of these activities.
Sharing information with third parties
At times the Study Group will need to share personal information with:
No data will be passed to any third party for commercial purposes.
All recipients of data provided by the Study Group are required to treat information with the same level of data protection as we do.
In the case of meetings and events, delegate names, companies and positions may be made available to all attendees. Such information may also be provided to potential participants at future meetings to illustrate attendance at past meetings.
How long we keep information
The Study Group will store and use personal information for the above stated purposes until individuals are either no longer involved in the copper industry or inform the Study Group that they do not wish to remain in the Study Group databases or spreadsheets. Data will then be deleted in a timely manner.
Under EU data protection regulations individuals have the right to be informed about how their data is used, to have access to their data, to have details of their data rectified, to have their details erased and to object to the processing of their personal information.
ICSG prepares a forecast for the copper market twice per year, presenting a two year outlook. For this purpose, ICSG seeks the important collaboration of its members by asking them to complete a Forecast survey showing the expected evolution for the copper industry in their countries. The results of the survey are complemented with additional data gathered from other sources, such as industry/company data and discussions with industry experts.
The Industry Advisory Panel consists of industry representatives of member delegations and invited observers.
The IAP provides an opportunity for Industry Advisors to meet as a group, raise issues to the attention of the government members and provide feedback, guidance and advice to the Group on its priorities, work program and activities.
Recent actions to strengthen the IAP have included the IAP membership initiative, the London IAP meetings and the expansion of the ICSG database of industry contacts
To receive more information on how to participate, please contact the secretariat.
Copper Reserves and Resources
Typically, the future availability of minerals is based on the concept of reserves and resources. Reserves are deposits that have been discovered, evaluated and assessed to be economically profitable to mine. Resources are far bigger and include reserves, discovered deposits that are potentially profitable, and undiscovered deposits that are predicted based on preliminary geological surveys.
According to the United States Geological Survey (USGS), copper reserves amount to 690 million tonnes (Mt) (basis 2013). In 2013 the USGS completed a geology-based, cooperative international assessment of copper resources of the world 1/. The USGS assessed undiscovered copper in two deposit types that account for about 80% of the world’s copper supply. Porphyry copper deposits account for about 60% of the world’s copper. In porphyry copper deposits, copper ore minerals are disseminated in igneous intrusions. Sediment-hosted stratabound copper deposits, in which copper is concentrated in layers in sedimentary rocks, account for about 20% of the world’s identified copper.
The mean undiscovered totals for porphyry and sediment-hosted deposits are 3,100 and 400 Mt respectively, resulting in a global total of 3,500 Mt of copper. With identified copper resources currently estimated at 2,100 Mt, total copper resources (undiscovered + identified) are estimated at 5,600 Mt. Undiscovered resources do not take into account the vast amounts of copper found in deep sea nodules and land-based and submarine massive sulphides. Current and future exploration opportunities will lead to increases in both reserves and known resources. (see more in ICSG World Copper Factbook)
1/ Supporting studies, including documentation of the assessment methodology and descriptions of individual tracts, are available on the USGS Mineral Resources Program Web site, at http://minerals.usgs.gov/global/
Are We Going to Run Out of Copper? It Is Highly Improbable!
Since 1950, based on the then current rate of demand, there has always been, on average, 40 years of reserves, and significantly greater amounts of known resources (USGS data). In addition, recycling, innovation and mining exploration continue to contribute to the long-term availability of copper.
Despite increased demand for copper produced from ore in recent years, increases in reserves have grown more, and there is more identified copper available to the world than at any other time in history.
For more information please consult the International Copper Association briefing note on copper’s long‐term availability at http://copperalliance.org/core‐initiatives/sd/availability/
The ICSG maintains one of the world's most complete historical and current databases with statistics on copper production capacities, data on copper production, consumption, stocks, prices, recycling and trade for copper products.
In 2012 ICSG launched its Online Statistical Database that will give subscribers the opportunity to have direct access to detailed ICSG historical data. It will also offer subscribers specific data extraction tools that will enable users to download the data they require with the layout best suited for their analysis. The online database presents country statistics since 1995, on a monthly/annual basis for mine, smelter, refined and semis production statistics, trade statistics for the main copper products and copper prices and stocks.
To subscribe please contact the secretariat. To access please click on the link below.