The hottest year will be the year when the copper

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Will this year be the year when the copper market erupts? These five countries are vigorously developing copper mine projects

BMI research, the research department of Fitch International Group, said that supported by the low-cost market and the improvement of copper prices, the global copper production will grow steadily in the next few years

"We predict that the global production of copper 2 and aluminum profile longitudinal shear fixtures will increase at an average annual rate of 3.6% from 2018 to 2027, because some major copper mine projects will be launched. In terms of volume, we expect that the global production will rise from 20.4 million tons in 2018 to 28 million tons in 2027. Due to business interruption, after a moderate contraction in 2017, price increases will stimulate project development, especially in major countries such as Australia and Peru."

1. Chile

due to strikes and operational disruptions, Chile's copper production will resume growth in 2018 after shrinking by 4% in 2017. The output of the country is expected to increase from 5.4 million tons in 2018 to 6.6 million tons in 2027, with an average annual growth rate of 2.3%

Codelco, a state-owned mining company in Chile, recorded the highest production since 2012 in the fourth quarter of 2012 - 520000 tons

in January this year, the company obtained the environmental permit for the El Teniente expansion 4 and the cable voltage withstand test phase-by-phase construction project, and submitted the environmental impact assessment of the $250million expansion project in andina mine

in addition, BHP Billiton approved that its specific responsibility in spen is to review the overall deployment to promote the development of the new material industry, and the important plan is to expand the CE mine by 2.5 billion US dollars, including the traditional large sulfide concentrator and the 1000 liter per second desalination plant, which will extend the service life of the mine and improve the production capacity

although the growth strategy has been resumed, labor will still be a key point for miners to save costs, especially as prices rise, tensions between guilds seeking higher wages and cost conscious enterprises will also increase

moreover, despite the sharp rise in prices, Chile's mining sector has cut an average of more than 20000 jobs per month in the past year, which is the same as the same period of the previous year

2. China

due to the low copper ore grade, many mines are unprofitable, smelters turn to ore imports, and China's copper output growth rate will be lower than the average level

it is predicted that China's copper output will reach 1.8 million tons this year and 2.2 million tons by 2027, with an annual growth rate of 2.1%

we should know that the average growth rate of copper production in China in the first 10 years was 6.9%. At present, Chinese enterprises will continue to consider low-cost copper mine investment in the global market to ensure the supply of ore

for example, in January, sinomine Fuhai in Hong Kong purchased a number of copper assets from the Democratic Republic of the Congo from the troubled Australian mining company tiger resources for us $250million. The simulation tunnel is one of the road simulation scenes in the closed test area of the first national level smart car (Shanghai) pilot demonstration area in China

in December 2017, moly mines, a subsidiary of Hanlong mining, purchased the white range copper mine project from Queensland mining company of Australia at a price of 45 million Australian dollars, and then acquired the company

3. Peru

due to the strong demand of pipeline projects, fierce competition in operating costs and rising copper prices, Peru's copper industry will maintain stable growth in the next few years. It is predicted that the copper production of the country will increase from 2.5 million tons in 2018 to 3.7 million tons in 2027, with an average annual growth rate of 4.4%

in 2017, the Las bambas mine of MMG Ltd produced 454000 tons of copper in the first year, but the company predicts that the output in 2018 will be between 410000 tons and 430000 tons, because the ore grade is low when the mine is mined

the rise in copper prices will encourage the company to continue to carry out projects in Peru. For example, in February, Southern Copper won the public bidding for the michiquilly copper mine project with us $400million. The company plans to spend $2.5 billion to develop the project, which is expected to start production in 2025

Southern Copper Company is also carrying out the toquepala expansion project, which will start operation in July 2018. In addition, it has a $1.4 billion TIA Maria copper mine project

4. Us

as the ore grade decreases year by year, relevant projects encourage development and copper prices rise, US copper production will resume moderate growth in 2018. In the next decade, the country's copper production is expected to increase from 1.3 million tons this year to 1.6 million tons in 2027

last year, Freeport McMoRan reported that copper production in North America fell 17.1% year-on-year to 689000 tons, due to the decline in ore grade and business stagnation

the company will invest 850million US dollars to develop the lone star project near the Safford mine, and it is estimated that the annual output will be about 90700 tons by 2020

due to the rise in prices and the deregulation of the federal government, the copper mine project has made progress. In January this year, hudbay mining company provided an update on the Rosemount project, pointing out that the company plans to start construction before the final approval stage in 2018. In addition, in September last year, Taseko mines announced that the environmental Appeals Board of the environmental protection agency had upheld the company's Florence copper project license, and the company would start construction

5. The Democratic Republic of the Congo

the Democratic Republic of the Congo was favored by global mining companies last year. Affected by continuous investment and the country's high-grade copper reserves, the output of the Democratic Republic of the Congo will maintain stable growth in the next few years

it is estimated that the output of gold mines in Congo will increase from 1million tons this year to 1.9 million tons in 2027. In February last year, Glencore announced a US $960million agreement to increase its shares in the copper and cobalt businesses of two mining and trading companies in the Democratic Republic of Congo

after the transaction is completed, Glencore will own 100% equity of mutanda and 8% equity of Katanga. Although the industry outlook in the Democratic Republic of the Congo is still optimistic, the country passed a new mining law in January, which also brings downward risks to investors

in the new mining bill, the Democratic Republic of the Congo raised the usage rate of copper and cobalt from 2% to 3.5%, which may be increased by 5% if they are regarded as "strategic" metals

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