SHANGHAI, Feb. 3 (SMM) -- According to London news on February 2nd, the International Copper Study Group (ICSG) predicts global annual copper mine production capacity will grow around 4.3% from 2009 to 2013, and will increase to 23.1 million mt by 2013.
Global copper mine capacity will reach up to 3.6 million mt (including sx-ew copper) by 2013, up 19% from 2009 levels, according to its statement.
"New copper mine projects are mainly in Brazil, Chile, Congo, Inner Mongolia, Peru, the US, and Zambia, accounting for 73% of the total (2.6 million)" ICSG said.
Of those, annual copper concentrate capacity is expected to grow 2.7 million mt or 4.3%, up to 17.9 million mt; annual capacity of sx-ew copper will increase 820 kt or 4.4% to 5.2 million mt.
ICSG expects an annual average increase of copper capacity at copper smelters around the world will grow 2.6%, up from 2 million mt in 2009 to 20.2 million mt by 2013.
"Asia will make the largest contribution to the growth of capacity (about 1.8 million mt), and new projects will be mainly in China. India, Indonesia, and Iran will also have new projects reported. "
ICSG also adds that global refined copper capacity will reach 26.6 million mt by 2013, up 3.2 million mt or 13% from 2009 levels.
(Edited by SMM)