Global Copper mine production increases 6.1 percent
LONDON (Scrap Register): Global Copper mine production is estimated to have increased by 6.1% in the first four months of 2018, with concentrate production rising by 6% and solvent extraction-electrowinning (SX-EW) by 6.5%, according to the International Copper Study Group (ICSG).
The increase in global mine production, of about 380,000 tons of copper was mainly due to constrained output in the comparative period of 2017 namely in Chile and Indonesia.
Production in Chile, the world’s biggest copper mine producing country, increased by 15.5% mainly because production in February/March 2017 was constrained by a strike at Escondida (the world’s biggest copper mine) but also due to animprovement in Codelco’s production levels.
Indonesian output increased by 50% because comparative output in 2017 was negatively affected by a temporary ban on concentrate exports that startedin January and ended in April.
A 11.5% increase in SX-EW production in the Democratic Republic of Congo (DRC) and a 16% rise in Zambian mine outputdue to the restart of temporarily closed capacity.
Although no major supply disruptions occurred in the first four months of this year, overall growth was partially offset by loweroutput at some mines in Canada (-10%) and in the United States (-11%).
After a strong increase in the last few years due to new andexpanded capacity, output in Peru (the world’s second largestcopper mine producing country) has levelled off.
On a regional basis, mine production is estimated to have increased by around 12% in Africa, 5% in the Americas, 6.5% in Asia,3% in Europe and 9% in Oceania.