Codelco copper production increased 3% year on year in May Escondida mine copper production fell 5.6% year on year in May

Published: Jul 3, 2020 08:31
Source: SMM compilation
[Codelco5 monthly copper production increased 3 per cent year on year Escondida May copper production in mines fell 5.6 per cent year on year] despite the impact of the epidemic, Chilean national copper production increased in May instead of falling. According to the latest figures released by Chile's National Copper Commission, Chile's national copper production rose 3 per cent to 144200 tons in May from a year earlier. Copper production at BHP's Escondida mine fell 5.6 per cent in May from a year earlier to 93400 tonnes. Production at the Collahuasi mine in northern Chile, jointly owned by Anglo American and Glencore, increased by 40% in May compared with the same period last year.

SMM7 March 3: despite the impact of the epidemic, Chile's national copper industry (Codelco) copper production increased rather than decreased in May. According to the latest figures released by Chile's National Copper Commission, Chile's national copper production rose 3 per cent to 144200 tons in May from a year earlier.

Copper production at BHP's Escondida mine fell 5.6 per cent in May from a year earlier to 93400 tonnes.

Production at the Collahuasi mine in northern Chile, jointly owned by Anglo American and Glencore, surged 40 per cent to 60100 tonnes in May from a year earlier.

Judging from the top 10 copper mines in the world, the output of most mines declined in the first quarter compared with the same period last year, but the overall performance of the mines in Chile was better. With the exception of Los Bronces, copper production in other Chilean mines increased to varying degrees. Copper production in Chilean copper mines such as Escondida, Collahuasi, EI Teniente and Los Pelambres increased by 41 per cent, 16 per cent, 9 per cent and 5 per cent respectively in the first quarter compared with the same period last year. Copper mines in Peru have performed poorly. Copper production in Antamina, Cerro Verde and Las Bambas fell 8 per cent, 24 per cent and 28 per cent respectively from a year earlier.

[SMM] the impact of the epidemic on Chilean copper production has not been shown in the global list of large mine output.

"Click to participate in the second China (Yingtan) Copper Industry Summit Forum and the 15th China International Copper Industry chain Summit"

Scan the code to sign up for the summit or apply to join the SMM industry exchange group:

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
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
10 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
10 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
10 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
10 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
10 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
10 hours ago