Copper Demand and Supply Quiz

Copper is often considered a key barometer of global economic health because of its

• use in construction and manufacturing

• use in purifying water

• medical use

• use in the farming industry

Which industry is NOT mentioned as a key consumer of copper?

• A. Construction

• B. Defense

• C. Agriculture

• D. Electric cars

What is the main reason for the surge in demand for copper?

• A. Increase in population

• D. changes in global trade

• B. Growth in the technology sector

• C. Energy transition towards renewables

What percentage of copper needs are projected to be met by existing mines and projects under construction by 2030?

• D. 90%

• C. 80%

• B. 70%

• A. 60%

Which country dominates global copper production?

• A. Chile

• D. India

• B. USA

• C. China

What is the main reason for the hesitation of investors to invest in new copper supply?

• C. Political instability in copper-producing regions

• A. Lack of demand for copper

• D. Declining copper prices

• B. High costs associated with building new mines

What is the primary use of copper in electric vehicles?

• A. Battery production

• B. Motor manufacturing

• D. Chassis building

• C. Power cable construction

What percentage of the world's refined copper supply comes from recycling?

• B. 17%

• A. 10%

• C. 25%

• D. 30%

Which mining company has ramped up production of its giant Mongolian copper mine?

• B. Glencore

• A. Codelco

• D. BHP

• C. Rio Tinto

What is the estimated number of undiscovered copper reserves globally?

• D. 4 billion metric tons

• C. 3 billion metric tons

• B. 2 billion metric tons

• A. 1 billion metric tons