Global Copper mine production declines 3% during Jan-May
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.