The following content is sponsored by Arctic Minerals
In this article, we take a closer look at where the European Union (EU) sources its copper concentrate. Despite the EU’s strong refining and recycling capacity, it remains heavily reliant on imports to meet its concentrate needs. Currently, around 50% of this supply comes from non-EU mines, many located thousands of kilometers away. Would expanding domestic production be a viable solution? Let’s explore this question further.
What is Copper Concentrate?
Copper concentrate is a semi-processed material derived from mined copper ores. It typically contains about 30% copper metal, while the remaining 70% consists of impurities and waste. This waste must be processed and managed at the destination, adding to the environmental and logistical burden. For every 1,000 kt of copper concentrate imported into the EU, only 300 kt represents usable copper metal, while 700 kt is waste material that requires handling within the EU.
If the same 1,000 kt were mined domestically, this 700 kt of waste could be managed at the source, eliminating the need for its transportation. This shift would not only reduce emissions but also simplify waste management practices within the EU.
The Environmental Impact of Copper Imports
Transporting copper concentrate—with its 70% waste content—significantly contributes to carbon emissions. In 2018, global shipping emissions accounted for 1,076 million tonnes of CO2, or approximately 2.9% of global emissions caused by human activity. The transportation of unnecessary waste amplifies this environmental footprint.
Moreover, managing imported waste within the EU adds to resource inefficiencies. Handling waste material generated abroad poses challenges in terms of storage, disposal, and environmental regulations. By shifting copper mining and initial processing to domestic operations, the EU could drastically cut down on emissions and streamline waste management.
A Call for Local Mining and Sustainability
While recycling currently meets 50% of the EU’s copper needs, this alone may not suffice to address the projected growth in demand for copper. Expanding domestic copper mining offers a viable path to reduce dependency on imports, lower shipping emissions, and manage waste locally. Mining within the EU would not only address immediate environmental concerns but also strengthen supply chain security.
In addition, developing domestic mining capabilities aligns with the EU's broader sustainability goals. By reducing reliance on non-EU sources, the region can ensure a more stable, eco-friendly, and efficient supply of copper, which is critical for the green transition, including renewable energy systems and electric vehicles.
This article is sponsored by
Arctic Minerals AB (Arctic) is a Nordic mineral exploration company with two advanced exploration projects focusing on copper, gold, silver and critical metals in the Nordics. The Hennes Bay copper-silver project, has a historical resource of 25 Mt copper equivalent (~0.9% Cu, 28 g/t Ag). Recent work confirms the potential for significant resource growth and critical metals like gallium, germanium, REE and vanadium. Only 5% of the area has been explored, highlighting significant discovery opportunities.
The Bidjovagge copper-gold project in Norway has a JORC compliant resource of 3.3Mt @ 0.97% Cu & 1.27 g/t Au and world class bonanza intersections that sit inside and outside of this resource of 18.0m @ 2.21% Cu & 33.8g/t Au, 27.3m @ 3.11% Cu & 0.58 g/t Au and 15.0m @ 2.0% Cu & 8.55g/t Au. Arctic Minerals is listed on Nasdaq First North Growth Market under the ticker "ARCT".
Learn more about Arctic Minerals at https://arcticminerals.se/en/.
Source: European Commission, Study on the Critical Raw Materials for the EU 2023 - Final report
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