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Occurrence and Production of Copper
Occurrence
In 2005, Chile was the top mine producer of copper with atleast one-third world share followed by the USA, Indonesia and Peru, reports the British Geological Survey.
Copper can be found as native copper in mineral form. Minerals such as the sulfides: chalcopyrite (CuFeS2), bornite (Cu5FeS4), covellite (CuS), chalcocite (Cu2S) are sources of copper, as are the carbonates: azurite (Cu3(CO3)2(OH)2) and malachite (Cu2CO3(OH)2) and the oxide: cuprite (Cu2O).
Most copper ore is mined or extracted as copper sulfides from large open pit mines in porphyry copper deposits that contain 0.4 to 1.0 percent copper. Examples include: Chuquicamata in Chile and El Chino Mine in New Mexico. The average abundance of copper found within crustal rocks is approximately 68 ppm by mass, and 22 ppm by atoms.
The Intergovernmental Council of Copper Exporting Countries (CIPEC), defunct since 1992, once tried to play a similar role for copper as OPEC does for oil, but never achieved the same influence, not least because the second-largest producer, the United States, was never a member. Formed in 1967, its principal members were Chile, Peru, Zaire, and Zambia.
The copper price has quintupled since 1999, rising from $0.60 per pound in June 1999 to $3.75 per pound in May 2006, where it dropped to $2.40 in February 2007 then rebounded to $3.50 in April 2007.