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Copper mining activity increased in the early 2000s because of increased price: the price increased from an average of $0.76 per pound for the year 2002, to $3.02 per pound for 2007. [2] A number of byproducts are recovered from American copper mining.
Open pit copper-molybdenum ore, producing copper cathode, molybdenum concentrate, gold, silver, sulfuric acid 202 (2021) [3] 3 Safford: Graham County, Arizona: Freeport-McMoRan: Copper ore, leached 120 (2021) [2] 4 Sierrita: Pima County, Arizona
ASARCO's smelting plant in El Paso, Texas, was suspended in 1999 and then demolished on April 13, 2013. Before closing, the plant produced 1,000,000,000 pounds (450,000,000 kg) of anodes each year. Refining at the mines as well as at a copper refinery in Amarillo, Texas, produce 375,000,000 pounds (170,000,000 kg) of refined copper each year.
Coppers prices are already at record highs, with benchmark prices in London at about $10,000 per ton, more than doubling from the pandemic-era lows in early 2020.
These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
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Texas. $0.44. Utah. $0.49. Virginia. $0.33. Washington. $0.38. West Virginia. $0.36. Wisconsin. ... Scrap metal prices are determined by current market conditions and will increase and decrease ...
Recycling is a major source of copper in the modern world. [36] Price of Copper 1959–2022. The price of copper is volatile. [38] After a peak in 2022 the price unexpectedly fell. [39] The global market for copper is one of the most commodified and financialized of the commodity markets, and has been so for decades. [40]: 213