Copper
in sentence
231 examples of Copper in a sentence
Yes, more oil or
copper
can be produced, but only at much higher marginal production costs.
The country is also a major producer of copper, gold, tin, tungsten, and diamonds.
Those were the principles at work when the Chilean Congress, as part of Chile’s accession to the OECD, voted in 2009 to revamp the corporate governance of
copper
giant CODELCO.
They worry that in coming years even highly skilled people might be hired and fired indiscriminately, bought and sold like so many tons of
copper
or cases of frozen turkeys.
Consider Chile and Peru, both of which depend heavily on
copper
exports.
With the price of
copper
having dropped precipitously, both countries’ leaders are likely to suffer electorally.
The falling price of copper, Chile’s main export commodity, suggests what lies ahead.
Chile was hit hard by the 2008-2009 financial crisis: foreign loans vanished and the price of copper, Chile’s main export, collapsed.
As a result, the government of President Michelle Bachelet (who was in office from 2006 to 2010 and has just been sworn in for a second term) was able to launch a potent anti-crisis fiscal stimulus, financed with resources saved from the earlier
copper
boom.
In 1984, Chile exported
copper
and other minerals, paper and pulp, fruits and wine, fishmeal, and a smattering of light manufactures.
The same goes for wind turbines, which are fashioned from copious amounts of cobalt, copper, and rare-earth oxides.
In Chile, for example,
copper
mines have been forced to start using desalinated water for extraction, while Sweden’s Boliden sources up to 42% of its energy needs from renewables.
Large mining companies can prepare for this shift by moving from fossil fuels to other materials, such as iron ore, copper, bauxite, cobalt, rare earth elements, and lithium, as well as mineral fertilizers, which will be needed in large quantities to meet the SDGs’ targets for global hunger eradication.
For example,
copper
revenue, which comprises 13% of the budget, must be spent on the basis of a long-term, independently verified planning price, with excess revenue accumulated in a fund to be used when
copper
prices dip.
As long as the price of soy, wheat, copper, oil, and other raw materials remained stratospheric, commodity-rich countries like Brazil, Chile, and Peru got a tremendous boost; even Argentina grew rapidly, despite terrible economic policies.
Its copper, cobalt, tin, and coltan (columbite-tantalite) are essential for many industries.
We did this in Chile during the
copper
price boom of 2006-2008, running budget surpluses of up to eight percentage points of GDP.
For example, Chile’s state-owned
copper
mining company, Codelco, is increasing its ranks of female employees – and boosting productivity in the process.
More than 20 chemicals (mostly containing
copper
and sulfur) are commonly used in growing and processing organic crops – all acceptable under US rules for certifying organic products.
Copper
is Chile’s major product and accounts for half of its exports.
Although the government owns Codelco, the world’s largest
copper
producer, it is Chile’s only publicly owned company.
The company’s revenue varies with the global price of copper, yielding higher government revenues in some years and declines – for example, this year – when the global price is down.
The government follows a wise fiscal strategy that involves budget surpluses in years when
copper
revenue is high, with the additional funds channeled to a national stabilization fund.
But even with the currently depressed
copper
price, Chile’s budget deficit is only 2% of GDP.
The sharp drop in international prices for commodities, such as oil and copper, together with a slowing Chinese economy, has reduced the region’s export earnings and accentuated domestic economic challenges.
Beyond water, Tibet is the world’s top lithium producer; home to China’s largest reserves of several metals, including
copper
and chromite (used in steel production); and an important source of diamonds, gold, and uranium.
North America’s shale-energy revolution has weakened oil and gas prices, while China’s slowdown has undermined demand for a broad range of commodities, including iron ore, copper, and other industrial metals, all of which are in greater supply after years of high prices stimulated investments in new capacity.
(Gold prices, for example, at $1,050 per ounce at the end of November, are far off their peak of nearly $1,890 in September 2011, and
copper
prices have fallen almost as much since 2011.)
(Of course, it still suffered the consequences of the downturn in
copper
prices--capital controls can't solve all problems).
For example, the authors of The Limits to Growth predicted that before 2013, the world would have run out of aluminum, copper, gold, lead, mercury, molybdenum, natural gas, oil, silver, tin, tungsten, and zinc.
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