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| The Economic Roundup is an excerpted translation of the Chinese-language ROC Economic Yearbook published by the Economic Daily News, a sister publication of the Taiwan Economic News. The yearbook is the most comprehensive and authoritative source for understanding the fundamentals of Taiwan's economy, both in the macro and micro aspects. The excerpted translation gives foreign readers a concise view of the island's overall economic picture. It is divided into four parts: general economy, primary industries, secondary industries, and tertiary industries. |
| Secondary Industries > Copper Products |
| Due to its characteristics such as strong erosion-resistance, high extensibility, good power and hear conductivity, and high recyclability, copper has been widely applied to the production of electric wires and cables, home appliances, machinery, water pipes, sanitary equipment, and building decorations, among others. In international metal exchange market, copper has also been an important metal product. At the moment, Chile and the U.S. together command 40% of the global copper production, while the U.S., Japan and Russia are three major copper consumers in the world, absorbing over 50% of the global copper supply.
Despite the a slowdown in exports of locally-made electronics products and the lackluster performance the local real estate market, Taiwan's production value of copper extrusions still managed to posted an annual growth of 6% due to a rise in copper price. But the output of copper bars and other copper products also decreased slightly, and exports of copper valves also declined.
The average export price for copper from Taiwan soared 25% from a year earlier to US$4.09 per kilogram in 2005, and the average import price recorded a lower annual rise of 12% to reach US$4.13.
The international copper prices are likely to rise at an annual pace of 4.1% in the next five years. This, coupled with increasingly intense competition from mainland China, has posed great pressure on local makers. To counter and survive, local makers of copper products should step up developing new products and upgrading their manufacturing technologies. |
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