SHANGHAI, Aug. 28 (SMM) – Global copper concentrate output will continue to see positive growth despite a series of events that impeded mine operations, according to China Securities Journal.
“Output of the top 11 copper mines is estimated to have grown 0.04% in the first half of 2015,” China Securities Journal reported, quoting an analyst from Baocheng Futures, “the world’s total output is expected to continue rising this year, albeit at slower pace.”
Power shortage in Zambia hindered mining operation in the country, which is expected to affect 20,000-30,000 tonnes of production. However, tax cut of underground mining should help ease the impact.
The strikes in Chile may also have limited influence on Codelco’s production. The company reported a 3.8% rise in production in the first six months.
The analyst added that 12 new projects with combined capacity of 573,000 tpy should be built according to reports from listed companies and public data, which will offset of the negative impact as well.
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