Having access to accurate, reliable and timely data on copper smelting activity across the globe is an important challenge that stakeholders in the supply chain are facing today. Historically, data has been collected from a variety of sources including announcements by smelter operators and anecdotal information, none of which are 100% reliable and actionable.
The global refined copper production capacity was 28.8 million tonnes in 2019, according to the International Copper Study Group, while smelting capacity was 23.6 million. This means approximately 82% of copper production capacity goes through the smelting route (the remainder uses leaching processes), highlighting the advantages of understanding smelting activity levels and trends.
Due to the large number of smelters, local and country restrictions, and commercial operator secrecy, obtaining this data is very difficult and the data itself can be unreliable and inconsistent. The time taken to collect the data also affects its reliability and accuracy, meaning that it is often out of date.
contact usSAVANT Copper is an innovative product that delivers timely and accurate data, covering the activity of 70% of global copper smelting capacity and 85% of Chinese smelting capacity.
Data is collected and analysed using advanced algorithms derived from Artificial Intelligence and Machine Learning techniques. Data is taken from several different Earth Observation satellites and our global and regional indices are updated daily to give consistent, insightful and dependable results. Two types of indices are provided: one to show smelter activity levels and one to detect periods of shutdown or inactivity. The data can be broken down to offer more granular detail, including information on the activity of individual smelters.
SAVANT also offers detailed smelter history going back several years, allowing a comparison between empirical data and public announcements relating to smelter shutdown periods.
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Earth-i is a geospatial intelligence company using machine learning, artificial intelligence and Earth Observation data to provide unique and relevant insights, derived from diverse geospatial data, that deliver clear decision advantage for businesses, governments and other organisations. Earth-i provides advanced analytics using automated interpretation of a range of geospatial Earth Observation data sources including colour imagery, colour video, infra-red and radar from a range of sources including satellite, drone, aerial and ground-based sensors. This data is fused with additional data sources to extract factual understanding and generate predictive insights across a range of markets such as commodities, supply chain, agriculture, infrastructure and defence.
Marex Spectron is a leading global commodities brokerage, with significant market share of many major Agricultural, Metal and Energy products. Headquartered in London, Marex Spectron’s extensive international network covers Europe, Asia and North America markets. State-of-the-art electronic and voice broking services facilitates all types of trading strategies. This is backed by decades of experience, with Marex Spectron placing great emphasis on intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools. Its clients are commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
The European Space Agency (ESA) is Europe’s gateway to space. Its mission is to shape the development of Europe’s space capability and ensure that investment in space continues to deliver benefits to the citizens of Europe and the world. ESA provided funding and sponsorship, culminating in the release of the SAVANT product.
