copper consumption

Copper consumption refers to the amount of copper used by industries and consumers to manufacture products such as electrical wiring, plumbing, construction materials, and electronics. It indicates economic activity since higher demand for these items suggests growth and infrastructure development, while lower demand may signal a slowdown. Copper is valued for its electrical conductivity and durability, making it essential in modern technology and construction. Tracking copper consumption helps analysts assess global economic health, shifts in industry trends, and potential supply shortages, as the metal is a key indicator of industrial activity and infrastructure investment worldwide.