CMOC Q1 copper and cobalt production hits historic high
2024-04-30 11:39:52 [Print]
CMOC Group Limited reported an all-time high quarterly production of about 147,500t of copper and 25,200t of cobalt in the first quarter of 2024, up by 122.86% and 392.23% respectively from the prior year period. The company also achieved significant increases in Q1 sales, which included 125,500t of copper and 24,300t of cobalt, up by 43.61 times and 23.87 times respectively from a year ago.
CMOC's TFM mine in DRC had three production lines reaching full capacity in March 2024. So far, TFM mine has five production lines in total, with capacities rising to 450,000tpa of copper and 37,000tpa of cobalt, which makes it one of the top ten copper mines and the second biggest cobalt mine in the world.
The company's KFM mine is the world's largest cobalt mine, with production capacities above 90,000tpa of copper and 30,000tpa of cobalt. This year to date, KFM has maintained high operating rate, with monthly copper output exceeding 14,000t for three months in a row.
CMOC's TFM mine in DRC had three production lines reaching full capacity in March 2024. So far, TFM mine has five production lines in total, with capacities rising to 450,000tpa of copper and 37,000tpa of cobalt, which makes it one of the top ten copper mines and the second biggest cobalt mine in the world.
The company's KFM mine is the world's largest cobalt mine, with production capacities above 90,000tpa of copper and 30,000tpa of cobalt. This year to date, KFM has maintained high operating rate, with monthly copper output exceeding 14,000t for three months in a row.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' operating rate statistics by province by month
Unit: %
