Seven thousand years in the service of humanity--the history of copper, the red metal
Measured by weight, copper is the third most important metal used by man. The annual value of its 2007 output was on a par with the GDP of e.g. Ukraine. Copper is also one of the oldest metals, its employment going back 7000 years. For millennia, it was predominantly employed for decorative purposes, coinage and in warfare. Technical breakthroughs in antiquity, like smelting and alloying, expanded its production and enhanced its utility. Copper's true heyday occurred after 1850, with the usage of electricity. In the period since then, volumes increased 300-fold, while costs and prices declined. With impressive progress in the technology of its production and consumption, the red metal has been able to hold its own, despite the emergence over history of formidable substitutes like iron, aluminum, plastics and optic fiber.
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References listed on IDEAS
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- Bartos, P. J., 2002. "SX-EW copper and the technology cycle," Resources Policy, Elsevier, vol. 28(3-4), pages 85-94.
- Svedberg, Peter & Tilton, John, 2003.
"The Real Real Price of Nonrenewable Resources: Copper 1870-2000,"
723, Stockholm University, Institute for International Economic Studies.
- Svedberg, Peter & Tilton, John E., 2006. "The real, real price of nonrenewable resources: copper 1870-2000," World Development, Elsevier, vol. 34(3), pages 501-519, March.
- Tilton, John E., 1992. "Mineral endowment, public policy and competitiveness : A survey of issues," Resources Policy, Elsevier, vol. 18(4), pages 237-249, December.
- Marian Radetzki & Carl Van Duyne, 1985. "The Demand for Scrap and Primary Metal Ores after a Decline in Secular Growth," Canadian Journal of Economics, Canadian Economics Association, vol. 18(2), pages 435-449, May.
- repec:cup:cbooks:9780521880206 is not listed on IDEAS
- Radetzki, Marian, 1975. "Metal mineral resource exhaustion and the threat to material progress: The case of copper," World Development, Elsevier, vol. 3(2-3), pages 123-136.
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