A chalcolithic (2350-1800 BC) copper chisel from Balathal has been characterized by X-ray diffraction, microstructural and electrochemical methods. The surface patina was composed of sulfates and oxysulfates in the outer layers while the inner layers were rich in copper oxides. The chisel exhibited smaller grain sizes near two of the surfaces while the structure in the interior was equiaxed. The deformed grains and inclusions near the surfaces and variation in the microhardness of the sample from different faces proved that the copper chisel was processed by cold deformation after initial casting of the square cross-section chisel. The electrochemical behaviour of chalcolithic Cu has been compared with that of a modern Cu sample by potentiodynamic polarization studies. The corrosion rate of chalcolithic Cu in aerated 3.5% NaCl solution was only marginally higher than that of modern Cu. The higher rate of corrosion has been attributed to the presence of second phase sulfide inclusions. The excellent condition of preservation of the 3800-year-old copper object, with no indications of stress corrosion cracking, suggests that pure copper or copper-based materials can be seriously considered as candidate canister materials for long-term underground storage of nuclear wastes in underground repositories.