Decline in Chile Copper production hits Global Copper mine output

Published: Jul 31, 2017 09:56

Save

Global copper mine production is estimated to have declined by around 3.5% in the first four months of 2017, with copper concentrate production declining by around 3% and solvent extraction-electrow

CHILE July 28 2017 2:35 PM

LONDON (Scrap Register): Global copper mine production is estimated to have declined by around 3.5% in the first four months of 2017, with copper concentrate production declining by around 3% and solvent extraction-electrowinning (SX-EW) declining by around 5%.

The decline in global copper mine production was mainly due to a 12% 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.

A decline in Canada and Mongolia concentrates production of 19% and 22%, 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.

However overall decline was partially offset by a 13% and 7% rise in Mexican (concentrate and SX-EW) and Peruvian (concentrate) output, respectively, with both countries benefi tting 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 4% in Europe (including Russia) and 7% in Oceania while declining by 6% in the Americas, 1.5% in Asia and 4% in Africa.

Copper Output copper production

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Zambia to Reopen Key DRC Mineral Export Route After Rain Damage Disrupted Transport

Zambia’s Minister of Infrastructure said the main corridor for the DRC’s exports of copper, cobalt, and other minerals was expected to reopen after transport was disrupted by road damage.The DRC is Africa’s largest copper producer and the world’s second-largest copper producer by production. The DRC is also the world’s leading supplier of cobalt, with cobalt production accounting for more than 70% of global production, and most cobalt is exported together with other critical battery minerals.Kasumbalesa is the busiest transit point for the DRC’s metal cargo (mainly bound for China and the US). On Sunday, traffic at the crossing was suspended after heavy rains washed away parts of the road.So far, no mining company has reported that shipments of copper or cobalt have been impeded.

5 hours ago

Capstone Copper said on Monday that its Q4 revenue hit a record high, exceeding analysts’ expectations

Capstone Copper said on Monday that its Q4 revenue hit a record high, exceeding analysts’ expectations.The company’s adjusted Q4 earnings before interest, taxes, depreciation, and amortization (EBITDA) fell short of analysts’ expectations, despite record copper production.The company’s Q4 2025 copper production reached a record high, driven by improved operations at the Mantoverde and Mantos Blancos mines.Capstone Copper expects 2026 copper production to be 200,000-230,000 mt. It expects 2026 C1 cash cost to be $2.45-2.75 per pound.

5 hours ago

Drone Attack on US Embassy in Riyadh; Israel Strikes Tehran and Beirut, Trump Promises Response Measures

The US Embassy in Riyadh, Saudi Arabia, was attacked by a drone on the 3rd local time, causing a fire and partial damage to the building. Meanwhile, the Israeli military announced that it was simultaneously carrying out airstrikes on Tehran, the capital of Iran, and Beirut, the capital of Lebanon, further escalating the intensity of the conflict in the Middle East. In response to the embassy attack, US President Trump said Washington would announce response measures “soon,” and revised his remarks to say that “there is no need to deploy ground troops.” On the same day, Trump claimed on social media that the US has “almost unlimited” ammunition reserves, and that “with these reserves alone, we can keep fighting forever and win very beautifully.”

5 hours ago