World Copper Mine Output Dropped Till August 2019

SEATTLE (Scrap Monster): The preliminary data published by the International Copper Study Group (ICSG) suggests that world copper mine production declined marginally by almost 0.5% in the initial eight-month period of the current year.

The concentrate production remained essentially unchanged during this period, whereas the SX-EW production declined by 1.5%, when compared with Jan-Aug ’18. The output growth in several small countries was more than offset by production declines in major producing countries.

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Lower copper head grades and production disruption early in the year impacted production in Chile- the world’s largest copper mine producing country. The output by the country recorded mar4ginal year-on-year decline by 0.5%. The Indonesian mine output collapsed by almost 51%. The aggregated production in the DRC and Zambia was down by 2%. Meantime, production in a few major copper mine producing countries such as Australia, China, Mexico, Peru and the U.S. increased.

Region-wise, North America clocked 3.6% surge in copper mine output. The Latin American and Oceania region output was up by 1.3% and 8% respectively. On the contrary, it declined by 7% in Asia, 1.2% in Africa and 2.5% in Europe.