ASIA COPPER WEEK 2017: ICSG estimates 2018 global copper production to increase 2.5%

2018 global copper production is estimated to increase 2.5% for both concentrates and metal, according to Don Smale, Secretary General of the International Copper Study Group (ICSG), speaking at CESCO in Shanghai on Wednesday November 29.

On the copper concentrates side, the ICSG expects world copper mine production to increase 2.5% on an annual basis in 2018 to 20.3 million tonnes of copper content, similar to levels from 2016.
Growth in 2018 is expected to be supported by recovery from constrained 2017 output, the restart of temporarily closed or reduced capacity and several new major projects coming on stream, Smale said.
This should come as welcome news after world copper concentrate production was predicted to decline 2.7% in 2017.

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Published

Echo Ma

November 29, 2017

12:05 GMT

Shanghai