The primary Standard Industrial Classification (SIC) code associated with the extraction of copper is 1021 for Copper Ores.
Understanding SIC Codes for Copper
The Standard Industrial Classification (SIC) system is a classification of establishments by type of economic activity. It assigns a four-digit code to businesses based on their primary activity. When asking for the SIC code for a material like copper, it typically refers to the industry involved in its production or processing rather than the material itself.
For copper, the most direct SIC code relates to its extraction from the earth.
SIC Code Breakdown for Copper Ores
| SIC Code | Industry Description | SIC Division |
|---|---|---|
| 1021 | Copper Ores | B - Mining |
This specific code, 1021, is dedicated to establishments primarily engaged in mining copper ores. This includes businesses involved in exploration, development, and operation of copper mines.
The SIC System Hierarchy
The SIC system is structured hierarchically, allowing for increasing levels of detail:
- Division B - Mining: This broader category encompasses all types of mining activities, including the extraction of metallic and nonmetallic minerals.
- SIC codes can range from 2 to 8 digits. The more digits in an SIC code, the more specific and detailed the category becomes. For instance, a 2-digit code represents a major group, while a 4-digit code represents a specific industry. In this case, 1021 is a 4-digit code, providing a clear industry definition.
Understanding the SIC system helps in categorizing businesses for statistical purposes, market analysis, and government regulation. For more information on the Standard Industrial Classification system, you can explore resources like the OSHA SIC Manual.
