The Copper Development Association (CDA) has expressed concerns about the vulnerability of the U.S. copper supply chain, emphasizing the need for its reinforcement. The CDA shared this statement in an October 8 post on X.
"By 2035, a staggering 60% of U.S. copper could come from imports," said the CDA. "Plus, China is a much larger customer than the U.S., and trade flows from our current partners are vulnerable to geopolitical tensions and increased competition for critical minerals. It's time to invest in a stronger, more resilient U.S. copper supply chain."
According to the Observatory of Economic Complexity (OEC), in 2022, the United States imported $6.16 billion worth of refined copper, positioning it as the second-largest importer globally. The primary sources of these imports were Chile, Canada, Mexico, Peru, and the Democratic Republic of the Congo.
The OEC also reported that in 2022, China and Germany were major competitors for the U.S. in importing refined copper. China was noted to have significant export potential in this sector, estimated at over $49.1 million.
General Kinematics highlighted that copper is included on the U.S. Department of Energy’s list of critical minerals due to its importance in meeting projected demands as the country transitions towards cleaner energy sources like solar and wind power. Copper's applications are widespread across electronic devices and renewable energy technologies due to its conductivity and resistance to corrosion.
The CDA pointed out that there is untapped potential within the domestic copper industry. It identified over 275 million metric tons of copper reserves and resources within the U.S., although current mining projects take an average of 29 years before reaching production stages. Developing these resources could "reduce reliance on imports." Additionally, copper is described as "fully recyclable," with more than two-thirds of all collected copper still being used today.
The CDA serves as "the market development, engineering and information services arm of the copper industry," aiming to enhance and expand markets for copper and its alloys in North America. Membership is available to producers and fabricators with production facilities in the United States.
