ICSG: Global mined copper output up by 2.6% YOY in Q1 2022
2022-05-30 17:52:28 [Print]
According to the preliminary accounting data released by the International Copper Study Group (ICSG) in May, the global mined copper output rose by 2.6% YOY in Q1 2022, with an increase of 2.2% YOY for refined copper and a growth of 4.7% YOY for hydrometallurgical copper cathode.
In particular, Chile's mined copper output in the first quarter decreased by 7% year on year with a decline of 9% for copper concentrate production, while its copper cathode output was basically unchanged; Peru's mined copper output in the first quarter was up by about 4.3% year on year, mainly caused by the slow recovery of its mining industry due to the pandemic lockdown early last year; Indonesia's mined copper output in the first quarter rose by 40% year on year because its Grasberg underground mine kept increasing production; Congo's mined copper output in the first quarter moved up by 30% in the first quarter as the country's new Kamoa copper mine came on stream and other new mines commenced to produce or copper mines expanded their production.
In particular, Chile's mined copper output in the first quarter decreased by 7% year on year with a decline of 9% for copper concentrate production, while its copper cathode output was basically unchanged; Peru's mined copper output in the first quarter was up by about 4.3% year on year, mainly caused by the slow recovery of its mining industry due to the pandemic lockdown early last year; Indonesia's mined copper output in the first quarter rose by 40% year on year because its Grasberg underground mine kept increasing production; Congo's mined copper output in the first quarter moved up by 30% in the first quarter as the country's new Kamoa copper mine came on stream and other new mines commenced to produce or copper mines expanded their production.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' sales to production ratio statistics by province by month
Unit: %
