Global Copper Consumption Into The New Millennium

This article is an analysis of world consumption of copper for the years 1976-1996. It is done to provide a comparison of what has happened over this time period with the trends of previous years in order to learn more about world copper consumption and to forecast world copper consumption trends into the new millennium. The analysis begins by documenting the geographic trends of consumption of copper for the years 1976-1996 by both region and key individual countries. Then, variables based on the intensity-of-use hypothesis and the intensity-of-use technique are selected and tested against the observed consumption behavior by using the correlation coefficient technique. The statistical results and their implications for the consumption of copper into the new millennium are discussed.