What is Copper and what is its strategic importance ?

Copper is a reddish metal that is atomic number 29 on the periodic table. It is one of the first metals extracted and used by humans. Since the beginning of civilisation, the metal has made key contributions to sustaining and improving society. Initially, the use of copper was limited to coins and ornaments.

*The majority of copper produced globally is used for the construction of buildings, electrical and transportation equipment, electronic segments, industrial machinery, and consumer products.

*The surging demand for electric vehicles (EVs) has also cranked up the demand for copper. It is a crucial metal for the manufacturing of EV batteries, charging infrastructure and control systems.

*As per the USGS Mineral Commodity Summaries (2020) data, Chile is the leading producer of copper in the world. Coming in second is the nation of is Peru, which accounts for nearly 2,400Mt of copper production.