Grupo Mexico expects surge in copper, zinc production in 2019

Grupo Mexico, the largest Mexican miner, expects a surge in its production next year, mainly led by copper and zinc. The company is undertaking a huge expansion program that will raise its output of copper by almost 80% by 2025, to 1.8 million tonnes per year.

The conglomerate owns assets in Mexico, Peru, Spain and the United States, and it produced 254,219 tonnes of copper in the third quarter of 2018, its earnings report showed. This meant a 0.90% fall in comparison with the corresponding period in 2017, and put the company in fifth place among the world’s top copper producers. “We are currently seeing a copper price recovery driven by an expected market deficit for 2019 and beyond,” chief executive officer Germán Larrea said. “Even though there are concerns regarding a commercial war between the US and...

Published

Renato Rostás

October 25, 2018

13:05 GMT

São Paulo