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Global Copper mine production declines 3% during Jan-May

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LONDON (Scrap Register): Global Copper mine production is estimated to have declined by around 3% in the first five months of 2017, with concentrate production declining by around 2.5% and solvent extrac tion-electrowinning (SX-EW) declining by around 4.5%, according to the latest figures released by the International Copper Study Group (ICSG).

The decline in world mine production was mainly due to a 10% (220,000 t Cu) decline in production in Chile, the world’s biggest copper mine producing country, negatively affected  by the strike at Escondida mine and lower output from Codelco mines.

Also a decline  in  Canada  and  Mongolia  concentrates  production  of  20%  and  21%,  respectively,  mainly  due  to  lower  grades  in   planned mining sequencing.

A 14% decline in Indonesian concentrate production as output was constrained by a temporary ban on concentrate exports that started in January and ended in April.

A  11%  decline  in  the  United  States production mainly due to lower  ore  grades,  reduced  mining  rates  and  unfavourable   weather conditions at t he beginning of the year.

However  these  reductions  in  output  were  partially  offset  by   a  11%  and  6%  rise  in  Mexican  (concentrate  and  SX-EW)  and   Peruvian  (concentrate)  output,  respectively,  with  both  countrie s  benefitting  from  new  and  expanded  capacity  that  was  not  yet   fully available in the same period of last year.

On a regional basis, production rose by 1% in Asia, 4% in Europe (including Russia) and 5% in Oceania while declining by 6% in the Americas and 4% in Africa.

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