Copper Products

At Steencore, copper is a cornerstone of our operations and the broader industrial ecosystem, playing an essential role across a multitude of sectors, including electrical wiring, electronics, construction, transportation, and a wide range of consumer products. Its exceptional electrical and thermal conductivity, combined with its ductility, makes copper an indispensable material in power generation, transmission, and increasingly in the renewable energy sector. As the global economy pivots toward sustainability and electrification, copper’s critical role in green industrial development becomes even more pronounced.

Navigating Market Volatility and Global Challenges

The copper market has experienced notable volatility in recent years, influenced by a variety of macroeconomic and geopolitical factors. The COVID-19 pandemic triggered an initial decline in demand in 2020 due to a slowdown in industrial activities. However, the sector demonstrated resilience, driven by government stimulus packages and the rapid rise of infrastructure projects focused on renewable energy, electric vehicle (EV) production and digital transformation.

Steencore recognizes the intricate supply and demand dynamics that shape the copper market. A substantial portion of global copper production is concentrated in key regions like Chile, Peru, and China, where political instability, environmental regulations, and labor unrest frequently disrupt mining operations. These disruptions, coupled with the industry’s battle against declining ore grades, create supply constraints that contribute to price fluctuations. At Steencore, we mitigate these risks through strategic sourcing, robust risk management practices, and investments in advanced extraction and processing technologies.

Sustainable Mining and Technological Advancements

As part of our commitment to responsible sourcing and sustainable practices, Steencore prioritizes the integration of stringent environmental, social, and governance (ESG) standards throughout our copper supply chain. We collaborate with mining partners who are equally committed to minimizing their environmental footprint, ensuring responsible water usage, effective tailings management, and compliance with global sustainability guidelines. We are acutely aware of the growing regulatory pressures on the mining industry and proactively adopt practices that ensure long-term sustainability while maintaining operational efficiency.

Technological innovations also play a critical role in shaping the future of copper production and utilization. Advancements such as hydrometallurgical extraction, solvent extraction-electrowinning (SX-EW) processes, and the use of renewable energy sources within mining operations are critical in addressing the challenges of lower ore grades and rising production costs. These innovations not only enhance the efficiency of copper extraction but also align with global efforts to reduce carbon emissions and support the circular economy.

Copper: Powering the Future of Clean Energy

Copper’s central role in the transition to clean energy is undeniable. At Steencore, we understand the growing demand for copper in renewable energy systems, where it is used extensively in wind turbines, solar panels, and electric vehicles. As electric mobility and renewable power generation continue to expand globally, the demand for copper will only intensify. For instance, electric vehicles require approximately four times the amount of copper compared to conventional vehicles, and renewable energy infrastructure requires vast quantities of copper for efficient energy transmission and grid stability.

We actively engage with partners in the clean energy and electric mobility sectors to ensure a stable and sustainable supply of copper to meet the needs of these rapidly growing industries. Steencore's expertise in the metals supply chain enables us to support the electrification of transportation and the expansion of renewable energy networks worldwide.

Currency Fluctuations and Global Trade Dynamics

Copper, like many other commodities, is traded globally in US dollars, and currency fluctuations have a significant impact on pricing. A weakening US dollar generally makes copper more attractive to international buyers, spurring demand, while a stronger dollar can dampen demand in emerging markets where the cost of copper imports increases. As a global trading company, Steencore is acutely attuned to these currency dynamics, leveraging hedging strategies and a diversified portfolio to manage price volatility effectively.

Strategic Outlook for Copper

The copper market is defined by a combination of short-term volatility and long-term growth potential. In the short term, supply chain disruptions—ranging from labor strikes to natural disasters—can lead to price volatility. However, the long-term outlook is strongly bullish, driven by the global push toward decarbonization, electrification, and the development of renewable energy infrastructure. At Steencore, we remain at the forefront of this transformation, providing our clients with secure, high-quality copper supply to support their industrial, technological, and environmental goals.

Our deep expertise in the copper market, combined with our commitment to sustainability, positions Steencore as a trusted partner in navigating the complexities of the global copper supply chain. We continue to drive innovation, efficiency, and responsible practices in copper production, ensuring that we remain a key player in powering the industries of tomorrow.