- Write by:
-
Tuesday, April 23, 2024 - 18:48:29
-
56 Visit
-
Print
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission (Cochilco) said on Tuesday.
The projected output would represent a 6% increase from the 5.5 million tons expected this year, according to a Cochilco statement.
The forecasts for this year and next are above the yearly average seen over the last decade and signal the beginning of a “recovery cycle” for Chilean copper mines, Cochilco’s executive vice president Joaquin Morales said in the statement.
Chile controls nearly a quarter of the global copper market, but production has suffered in the past two years with output from state-owned mining giant Codelco falling to its lowest level in a quarter century amid project delays.
Morales credited the expected rebound this year to production gains from Canadian miner Teck Resources’ Quebrada Blanca mine, followed by operations from Australia’s BHP Group.
Late last year, Tech Resources inaugurated its Quebrada Blanca Phase 2 project, one of just a few large mine expansion projects in recent years.
Short Link:
https://www.miningnews.ir/En/News/628278
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably ...
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado ...
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, ...
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation ...
Peru’s copper production came in essentially flat for March at about 219,000 metric tons, government data showed on ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
No comments have been posted yet ...