2014-01-24 02:50:02 - Copper Production in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The Copper Production industry is expected to generate revenue of Â£1.1 billion in 2013-14. This marks a compound annual expansion of 3.1% for the five years through 2013-14, though it is somewhat misleading because revenue has been very volatile during that period. After the 2008 economic downturn, sharp swings in global copper prices and demand affected industry revenue as markets sought a return to equilibrium. Substantial losses in the first two years were followed by rapid rises in the subsequent two years, although revenue seems to have levelled out since 2012-13. In 2013-14, revenue is estimated to grow by a modest 0.2%.
The industry´s main product is copper wire, which is used in a large variety of electrical applications. Given copper´s
conductive properties, it is also used for various other electrical distribution and control purposes.
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