Copper industry back to pre-pandemic sales | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 10, 2025
Copper industry back to pre-pandemic sales

Industry

Salah Uddin Mahmud
18 November, 2021, 10:30 pm
Last modified: 19 November, 2021, 11:22 am

Related News

  • Trump sets 50% US tariffs on copper, Brazilian imports starting in August
  • Two RMG factories get LEED certificates
  • World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
  • Trump says steep copper tariffs in store as he broadens his trade war
  • Extending loan repayment deadline could save 500-600 factories: BGMEA chief

Copper industry back to pre-pandemic sales

This year, prices of raw materials of copper products have increased by 70%-80% internationally

Salah Uddin Mahmud
18 November, 2021, 10:30 pm
Last modified: 19 November, 2021, 11:22 am

Sales of copper products have surged back to pre-pandemic rate, thanks to a marked increase in demand both in the local and international markets following the reopening of economies around the world.

The copper industry in the country registered around a 40% jump in sales in the first quarter of the current fiscal year 2021-22, said market insiders, adding the Covid induced economic downturn had dented the demand for copper products but the industry rebounded quickly along with the electronics market.

They said the production of air conditioners and refrigerators has increased as the pandemic situation has become normal. Now, customers are buying more ACs and refrigerators besides electronics products, they added.

This year, prices of raw materials of copper products have increased by 70%-80% internationally. Therefore, local entrepreneurs also have increased prices of their products.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to the London Metal Exchange (LME), the current price of copper is about $9,500 per tonne while that of aluminum alloy is $2,400 per tonne and nickel is below $19,500 per tonne.

In the July-October period this year, exports of copper wire jumped by 88.04% due to surging demand internationally. During the period, Bangladesh exported $18.24 million worth of copper wire while the target set for the period was $22.77 million.

Now, the industry is producing numerous copper products including copper pipe, copper tube, copper flat bar, copper strip, copper rod, copper earthen wire, copper cable and wire, copper super enamel, and copper fittings items.

Some cable companies such as BRB, BBS, Partex, Gazi, and Meghna Group along with Eastern Cable, Star Paradise Cable, Citizen Cable, and SQ Cable are producing cable for the electronics market.

Besides, Coppertech Industries, MRS Industries, Salam & Brother, Farhana Metal, and RR Imperial are producing other copper products in the country.

On the other hand, Nialco Alloys Ltd, an export-oriented company, mainly manufactures high-grade bronze and brass ingots. Recently, the company has decided to set up two new plants to manufacture finished products to expand its business. The production capacity of the new plants will be 100 tonnes per month.

Coppertech Industries Limited posted a 50% year-on-year growth in sales in the July-September quarter of the current fiscal year.

During the period, the revenue of the company was Tk15.36 crore. Its net profit was Tk1.93 crore during the period.

SK Miraj Ali, company secretary of Coppertech Industries, said the industry was seriously affected by the pandemic but now the situation is normal.  As a result, the demand for copper products is increasing gradually, he added.

A state-owned company Gazi Wires Limited is the pioneer and the biggest manufacturer of enameled round copper winding wire in Bangladesh.

Officials of Gazi Wires said the demand for copper products is increasing gradually.

But as the company did not get any tender from the Bangladesh Rural Electrification Board (BREB) – the company's major customer that consumes 80% of its products, its sales are slow now despite increasing demand of the industry, according to sources.

Industry insiders said the copper industry in the country currently involves a total investment, including working capital, of approximately Tk5,000 crore.

Many entrepreneurs have come forward to invest in this sector, encouraged by the increasing demand for copper products.

The raw materials of the industry are imported from Chile, Belgium, China, Japan, and the United Arab Emirates (UAE).

Economy / Stocks / Top News

industry / Copper Industry / copper

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Council of Advisers' meeting on Thursday (10 July). Photo: CA Press Wing
    Govt okays establishing UN human rights office in Dhaka for 3 years
  • No final consensus yet on CJ appointment from senior-most judges: Salahuddin
    No final consensus yet on CJ appointment from senior-most judges: Salahuddin
  • National Consensus Commission chief Ali Riaz speaks at the Foreign Service Academy in the capital’s Bailey Road on 10 July 2025. Photo: Collected
    Chief justice appointment: Consensus reached on two key issues, says Ali Riaz

MOST VIEWED

  • Graphics: TBS
    BB raises startup fund limit, drops upper age barrier
  • Workers pack undergarments at the packing section of a garment factory in Ashulia, on the outskirts of Dhaka, Bangladesh, April 19, 2025. Photo: REUTERS/Fatima Tuj Johora
    After US tariffs, jobs hang by a thread in Bangladesh's garments sector
  • Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
    Global Islami Bank rectifies 2023 figures, reports Tk2,259cr loss instead of Tk128cr profit
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Audit reports of most banks contain cooked up data: BB governor
  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • CA orders law enforcers to complete all election preparations by December
    CA orders law enforcers to complete all election preparations by December

Related News

  • Trump sets 50% US tariffs on copper, Brazilian imports starting in August
  • Two RMG factories get LEED certificates
  • World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell
  • Trump says steep copper tariffs in store as he broadens his trade war
  • Extending loan repayment deadline could save 500-600 factories: BGMEA chief

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

58m | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

3h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered- have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

4h | Panorama
Women are forced to fish in saline waters every day, risking their health to provide for their families. Photo: TBS

How Mongla’s women are bearing the brunt of rising salinity

1d | Panorama

More Videos from TBS

Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

33m | TBS Today
July Declaration must be constitutionally recognized: Akhtar Hossain

July Declaration must be constitutionally recognized: Akhtar Hossain

Now | TBS Today
We want to recognize the July Uprising on a national level: Salahuddin Ahmed

We want to recognize the July Uprising on a national level: Salahuddin Ahmed

18m | TBS Today
July-August mass uprising: Rakib explains Chatradal's role in Jatrabari

July-August mass uprising: Rakib explains Chatradal's role in Jatrabari

1h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net