Covid-19 leading to 2020 mined copper output loss of 950,000t, ICSG says

The International Copper Study Group (ICSG) has cut its 2020 global mined copper forecast by 950,000 tonnes, equivalent to nearly 4 million tonnes of copper concentrates output, citing the impact of the Covid-19 pandemic.

The copper research group now expects a 3% year-on-year decline in world mined copper output in 2020, citing lockdowns that have been in place since March, the group said on Thursday May 21.
And the impact of those lockdowns on the industry will be felt more strongly in the second quarter, the group said.



Julian Luk

May 26, 2020

18:28 GMT