Home / Metal News / Strikes to be game changer in copper ore supply in 2018

Strikes to be game changer in copper ore supply in 2018

iconFeb 13, 2018 15:09
Source:SMM
Strikes are expected to be the biggest factor affecting copper ore supply in 2018, with 30 labour negotiations already planned this year in Chile alone.

SHANGHAI, Feb 13 (SMM) – Strikes are expected to be the biggest factor affecting copper ore supply in 2018, with 30 labour negotiations already planned this year in Chile alone.

In addition, such negotiation at Escondida scheduled in August and a share transfer programme at Grasberg would also create uncertainties over output at the world’s two largest copper mines.

Following a decrease in copper ore supply in 2017, SMM forecast a 3.3% output growth this year contributed mainly by First Quantum’s Cobre Panama mine and Southern Copper’s Toquepala mine.  

Other factors including new and expanding smelting capacities in China and the country’s copper scrap import restrictions would also be key to watch out for this year.  

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news