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Copper

Copper Raw material Metals
Production449,600 t p.a.
Exports0 mg
Value per tonne✦6,848
Revenue✦3.08 bn
Value added✦3.01 bn
Surplus✦1.36 bn
  • Per tonne:
  • Labour ✦56.2 (Sf 2.34)
  • Materials ✦0
  • Capital ✦3,625
  • Energy ✦150
  • Surplus ✦3,017

Whole chain per tonne: 1.5 labour hours, 3,000 kWh.

Formula

A.C. = w0LhSf Labour ✦56.2 Shadow wage w0 ✦16 an hour Γ— Lh 1.5 hours per tonne Γ— skill factor Sf 2.34 Sf for industry: training ✦45,000 against ✦45,000, queue 20 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦3,625 Depreciation and maintenance ✦2,500 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦150 E 3,000 kWh per tonne Γ— pe ✦0.05 per kWh = ✦3,831

A.V. = rP*world Accounted value ✦6,848 per tonne World price $4,500 per tonne plus freight and insurance 1.44% = P* $4,563 Γ— r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦6,848

Revenue = A.V. Γ— Q Accounted revenue ✦3.08 bn p.a. Domestic: 449,600 t Γ— ✦6,848 = ✦3.08 bn = ✦3.08 bn

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦1.36 bn p.a. Revenue ✦3.08 bn βˆ’ cost ✦3,831 Γ— 449,600 t = ✦1.36 bn Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦1.36 bn

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.