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Copper is an element, reddish brown in color, having atomic number 29 and pertaining to the scientific symbol ‘Cu’. Coming from the same family of silver and gold, this element shares numerous common characteristics with those precious metals.
This element is a highly ductile and malleable element and a very good conductor of electricity. That is why it is highly used in the electrical appliances as a thermal and electrical conductor and in building wires.
It occurs in various minerals on earth and is also forms part of a lot of alloys. Copper also has characteristics that it is a creep and corrosion free metal and all of its so very useful features make it an element on which the world’s economy directly depends.
FACTS ABOUT COPPER ORE IN NIGERIA
Background: Rocks are the materials which the earth's upper crusts are made of. Rocks are themselves composed of minerals. Minerals are naturally occurring elements like Gold, or a compound such as Iron Oxide. If a rock contains a mineral from which a metal can be extracted at a profit, it is call an Ore. For example, copper Ore.
Estimated National Deposit: Not documented.
Export from Nigeria: Between 1000 MT to 5000 mt annually.
Uses: Copper has been used as water-proof roofing material since ancient times, giving many old building their greenish roofs and domes. As a material in the manufacture of computer heat sinks, as a result of it's superior heat dissipation capacity to aluminum.
The occurrence and distribution of copper ore in Nigeria is mainly in the Northern part of the country because of the peculiar geology of the area.
The market for copper ore is both local and international with china as the largest importer of metal ore in the world. Because of the various applications of lead ore, the demand would always surpass the supply.
The percentage given below denotes the % consumption of the total world’s consumption. The consumption trend is on a rise with the increasing contribution of the countries in Asia like Japan, South Korea and Taiwan.
Segment Percentage of Import
Western Europe 29%
United States of America 19%
Japan 14%
Russia 10%
China 6%
There are various factors that influence the demand and supply of copper in the world such as the technological, social and technological factors. This is the demand for copper that governs the findings of new mines and the expansion of old mines.
Only 17% of the total copper produced in the world is available for trading. The major copper exporting nations include
Chile
Indonesia
Canada
Australia
The largest copper importing countries of the world includes
Spain
China
Germany
Philippines
The return on investment on the export of copper ore is estimated between 10%- 15%.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
This element is a highly ductile and malleable element and a very good conductor of electricity. That is why it is highly used in the electrical appliances as a thermal and electrical conductor and in building wires.
It occurs in various minerals on earth and is also forms part of a lot of alloys. Copper also has characteristics that it is a creep and corrosion free metal and all of its so very useful features make it an element on which the world’s economy directly depends.
FACTS ABOUT COPPER ORE IN NIGERIA
Background: Rocks are the materials which the earth's upper crusts are made of. Rocks are themselves composed of minerals. Minerals are naturally occurring elements like Gold, or a compound such as Iron Oxide. If a rock contains a mineral from which a metal can be extracted at a profit, it is call an Ore. For example, copper Ore.
Estimated National Deposit: Not documented.
Export from Nigeria: Between 1000 MT to 5000 mt annually.
Uses: Copper has been used as water-proof roofing material since ancient times, giving many old building their greenish roofs and domes. As a material in the manufacture of computer heat sinks, as a result of it's superior heat dissipation capacity to aluminum.
The occurrence and distribution of copper ore in Nigeria is mainly in the Northern part of the country because of the peculiar geology of the area.
The market for copper ore is both local and international with china as the largest importer of metal ore in the world. Because of the various applications of lead ore, the demand would always surpass the supply.
The percentage given below denotes the % consumption of the total world’s consumption. The consumption trend is on a rise with the increasing contribution of the countries in Asia like Japan, South Korea and Taiwan.
Segment Percentage of Import
Western Europe 29%
United States of America 19%
Japan 14%
Russia 10%
China 6%
There are various factors that influence the demand and supply of copper in the world such as the technological, social and technological factors. This is the demand for copper that governs the findings of new mines and the expansion of old mines.
Only 17% of the total copper produced in the world is available for trading. The major copper exporting nations include
Chile
Indonesia
Canada
Australia
The largest copper importing countries of the world includes
Spain
China
Germany
Philippines
The return on investment on the export of copper ore is estimated between 10%- 15%.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
COPPER ORE EXPORT IN NIGERIA; NON-OIL EXPORT OPPORTUNITY SERIES.
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Can
you supply copper ore from Nigeria and you are seeking for export
contract? Then use our business process outsourcing service. Contact us
with the details given below with the subject line as COPPER ORE EXPORT
IN NIGERIA: RAW COPPER ORE EXPORT CONTRACT.
At
Foraminifera Market Research {www.foramfera.com}, we provide bespoke
and up to date market research reports for beginners and exporters
already in the commodity export market.
Our
reports are designed to assist start-ups to understand the legal and
financial requirements of starting the business, the market trends
vis-a-vis demand and supply, competition, risk identification and
mitigation strategies.
You can order our detailed feasibility report on the export of copper ore in Nigeria by clicking on the link below.
Report Title: COPPER ORE EXPORT IN NIGERIA; THE FEASIBILITY REPORT.
Report Code: FORA/08/2011/039
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