COPPER - Generic Drug Details

What are the generic sources for copper and what is the scope of freedom to operate?

Copper is the generic ingredient in four branded drugs marketed by Gd Searle Llc, Coopersurgical, and Radiomedix, and is included in four NDAs. There are four patents protecting this compound. Additional information is available in the individual branded drug profile pages.

There are fifteen drug master file entries for copper. One supplier is listed for this compound.

Summary for COPPER

US Patents:	4
Tradenames:	4
Applicants:	3
NDAs:	4
Drug Master File Entries:	15
Finished Product Suppliers / Packagers:	1
Raw Ingredient (Bulk) Api Vendors:	2869
Clinical Trials:	162
Patent Applications:	443
What excipients (inactive ingredients) are in COPPER?	COPPER excipients list
DailyMed Link:	COPPER at DailyMed

DrugPatentWatch^® Estimated Loss of Exclusivity (LOE) Date for COPPER

Constraining patent/regulatory exclusivity:

NEW INSERTER INTENDED TO FACILITATE SINGLE-HAND PLACEMENT

Dosage:

SYSTEM;INTRAUTERINE

^*The generic entry opportunity date is the latter of the last compound-claiming patent and the last regulatory exclusivity protection. Many factors can influence early or later generic entry. This date is provided as a rough estimate of generic entry potential and should not be used as an independent source.

Recent Clinical Trials for COPPER

Identify potential brand extensions & 505(b)(2) entrants

Sponsor	Phase
Dartmouth-Hitchcock Medical Center	Phase 1/Phase 2
Nanfang Hospital, Southern Medical University	Phase 2
Bhabha Atomic Research Centre (BARC)	Phase 2

See all COPPER clinical trials

Pharmacology for COPPER

Drug Class	Copper-containing Intrauterine Device
Physiological Effect	Decreased Embryonic Implantation Decreased Sperm Motility Inhibit Ovum Fertilization

Medical Subject Heading (MeSH) Categories for COPPER

Trace Elements

US Patents and Regulatory Information for COPPER

Applicant	Tradename	Generic Name	Dosage	NDA	Approval Date	TE	Type	RLD	RS	Patent No.	Patent Expiration	Product	Substance	Delist Req.	Exclusivity Expiration
Radiomedix	DETECTNET	copper cu-64 dotatate	SOLUTION;INTRAVENOUS	213227-001	Sep 3, 2020		RX	Yes	Yes
Radiomedix	DETECTNET	copper cu-64 dotatate	SOLUTION;INTRAVENOUS	213227-001	Sep 3, 2020		RX	Yes	Yes
Gd Searle Llc	CU-7	copper	INTRAUTERINE DEVICE;INTRAUTERINE	017408-001	Approved Prior to Jan 1, 1982		DISCN	No	No
Radiomedix	DETECTNET	copper cu-64 dotatate	SOLUTION;INTRAVENOUS	213227-001	Sep 3, 2020		RX	Yes	Yes			Y

Expired US Patents for COPPER

Applicant	Tradename	Generic Name	Dosage	NDA	Approval Date	Patent No.	Patent Expiration
Gd Searle Llc	TATUM-T	copper	INTRAUTERINE DEVICE;INTRAUTERINE	018205-001	Approved Prior to Jan 1, 1982
Gd Searle Llc	CU-7	copper	INTRAUTERINE DEVICE;INTRAUTERINE	017408-001	Approved Prior to Jan 1, 1982
Gd Searle Llc	TATUM-T	copper	INTRAUTERINE DEVICE;INTRAUTERINE	018205-001	Approved Prior to Jan 1, 1982
Gd Searle Llc	CU-7	copper	INTRAUTERINE DEVICE;INTRAUTERINE	017408-001	Approved Prior to Jan 1, 1982

COPPER Market Analysis and Financial Projection Experimental

Copper Market Dynamics and Financial Trajectory

Introduction

Copper, a vital metal in various industries, has been through significant fluctuations in recent years due to global economic shifts, technological advancements, and environmental factors. Here, we delve into the market dynamics and financial trajectory of copper, highlighting key trends, forecasts, and challenges.

Global Supply & Demand

The copper market has experienced substantial volatility, particularly during the COVID-19 pandemic. In 2020, copper production was disrupted, leading to a contraction of more than 2% compared to the previous year. However, with the resumption of mining operations and Chinese economic recovery, the market began to stabilize[1].

• Supply Growth: The total amount of mined copper is expected to increase by 2.1% per year, reaching above 23,000 ktonnes by 2024. This growth is supported by recently committed projects and expansions such as Grasberg, Cobre Panama, Quellaveco, Oyu Tolgoi, QB2, and Spence[1].
• Demand Growth: Global demand for copper is projected to grow at a 1.3% CAGR over the next five years. The demand is driven by the reactivation in manufacturing and construction sectors, especially in China, as well as the growing need for refined copper in electric vehicles, renewable energy, and industrial machinery[1].

Price Movements & Market Dynamics

Copper prices have seen considerable fluctuation, influenced by various factors including Chinese demand, fund positioning, and global economic sentiment.

• Price Volatility: Copper prices dropped from $5.25/lb to $3.92/lb before rebounding to around $4.25/lb. This volatility is attributed to Chinese demand fluctuations, particularly in the housing sector, and strong demand from other regions like the United States[3].
• Market Enthusiasm: Despite weekly fluctuations, copper prices have maintained relative stability above pre-COVID levels. Market enthusiasm, driven by expectations of future demand linked to the green transition, has supported these prices[5].

Long-Term Growth Potential

The long-term fundamentals for copper remain strong, driven by several key factors:

• Urbanization and Population Growth: Copper demand is projected to increase by 75% by 2050, driven by urbanization, population growth, and increased living standards[3].
• Energy Transition: The global energy transition, including the growth in electric vehicles and renewable energy, is a significant driver of copper demand. Copper is essential for the infrastructure needed to support these technologies[3][4].
• Technological Advancements: Innovations in leaching technologies and brownfield expansions are crucial for maintaining and increasing copper production levels. Major producers like Freeport-McMoRan and BHP are focusing on these technologies to optimize their operations[3].

Supply Challenges

Despite the strong demand outlook, the copper market faces significant supply challenges:

• Development Timelines: The development timeline for new copper projects is lengthy, averaging 18-25 years from discovery to production for large-scale mines. This extended timeline contributes to the anticipated supply deficit[3].
• Cost and Complexity: New copper projects are becoming increasingly complex and costly, further exacerbating the supply challenges. High sulphuric acid prices, for example, have significantly impacted the costs of copper production, as seen in the case of Capstone Copper's operations[2][3].

Financial Performance of Copper Miners

The financial performance of copper miners has been influenced by various factors, including copper prices, production costs, and operational efficiencies.

• Capstone Copper: In 2022, Capstone Copper reported consolidated copper production of 158.8 thousand tonnes, higher than the 84.9 thousand tonnes in 2021. However, the company faced higher C1 cash costs due to inflation and high sulphuric acid prices. Despite these challenges, the company achieved its production and cost guidance for the period[2].
• Cost Pressures: The increase in operating costs, particularly for sulphuric acid and diesel fuel, has impacted the profitability of copper miners. However, recent decreases in sulphuric acid prices are expected to reduce costs in the future[2].

Regional Dynamics

The copper market is influenced by regional dynamics, particularly in Asia-Pacific and China.

• Asia-Pacific Growth: The Asia-Pacific region is expected to grow the fastest, driven by the electrical and electronics industries in India and ASEAN countries. This growth is likely to boost the demand for copper in the region[4].
• Chinese Recovery: China's economic recovery, especially in the manufacturing and construction sectors, has been a significant driver of copper demand. The country's "Made in China 2025" strategy also supports an increase in copper demand for robotics and industrial machinery applications[1].

Investment Thesis for Copper

The copper market presents a compelling long-term investment opportunity due to several factors:

• Long-term Demand Growth: Copper demand is projected to increase significantly, driven by urbanization, electrification, and the energy transition[3].
• Supply Constraints: Limited new large-scale projects and long development timelines create a favorable supply-demand balance[3].
• Innovation Potential: Advancements in leaching technologies may unlock additional resources from existing operations[3].
• Exposure to Global Megatrends: Copper is leveraged to population growth, increased living standards, and decarbonization efforts[3].

Key Takeaways

• Strong Demand Outlook: Copper demand is expected to grow significantly due to urbanization, population growth, and the energy transition.
• Supply Challenges: The development timeline for new copper projects is lengthy, and new projects are becoming increasingly complex and costly.
• Financial Performance: Copper miners face cost pressures but are expected to benefit from innovations and decreasing input costs.
• Regional Growth: Asia-Pacific and China are key regions driving the growth in copper demand.

FAQs

1. What is the expected growth rate of global copper demand by 2050?

   • Copper demand is projected to increase by 75% by 2050, driven by urbanization, population growth, and the energy transition[3].

2. How has the COVID-19 pandemic affected the copper market?

   • The pandemic disrupted copper production, leading to a contraction of more than 2% in 2020. However, Chinese economic recovery and the resumption of mining operations have helped stabilize the market[1].

3. What are the main drivers of copper price volatility?

   • Copper price volatility is attributed to Chinese demand fluctuations, fund positioning, and shifting global economic sentiment[3].

4. How are innovations in leaching technologies impacting copper production?

   • Innovations in leaching technologies are helping major producers optimize their operations and unlock additional resources from existing mines[3].

5. What is the forecasted CAGR for the copper market by 2027?

   • The copper market is expected to register a CAGR of more than 6% by 2027, driven by increasing demand from construction, electronics, and telecommunication industries[4].

Sources

1. Metso - Trends and Forecasts within the Copper Market
2. Capstone Copper - Capstone Copper Reports Fourth Quarter and Full-Year 2022 Financial Results
3. Crux Investor - Copper Market Dynamics: Long-Term Growth Potential Amid Supply Challenges
4. Mordor Intelligence - Copper Market Analysis | Industry Forecast, Size & Trends Report
5. Pricepedia - Copper prices on the rebound, driven by market enthusiasm