Global Copper mine production advances 5.7 percent during Jan-May: ICSG


LONDON (Scrap Register): Global copper mine  production  is  estimated to  have  increased by  5.7 percent  during the first five  months of 2018, with  concentrate  production rising by 5.5% and solvent extraction-electrowinning (SX-EW) by 6%, according to the latest data released by the International Copper Study Group (ICSG).

The increase in world mine production of about 450,000 t 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 13.5% primarily because productionin February/March 2017 was restricted bya strike at Escondida (the world’s biggest copper mine) and also because there was an improvement in Codelco’s production levels in 2018.

Indonesian output increased by 43% because comparative output in 2017 was negatively affected by a temporary ban onconcentrate exports that startedin January and ended in April.

A 12.5% increase in SX-EW production in the Democratic Republic of Congo (DRC) and a 13% rise in Zambian mine outputdue to the restart of temporarily closed capacity.

Although  no  major  supply  disruptions  occurred  in  the  first  five  months of this year, overall growth was partially offset by loweroutput at some mines in Canada (-8.5%) and in the United States (-10%).

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,  copper mine  production  is  estimated  to  have  increased  by  around  11%  in  Africa,  8.5%  in  Latin  America,  6%  inAsia, 3.5% in Europe and 10% in Oceania and declined by 7.5% in North America.

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