Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Global Copper Mining to 2020 - Market ForecastThe global economic scenario beginning 2014 appears optimistic, with strong performance in the first quarter of 2014 compared to same quarter last year
By: Reportstack Global copper mine production was 18.1 million tonnes (Mt) in 2013, up by 8.4% compared to the previous year, with Chile accounting for almost one-third of the share. In 2013, the countries which dominated global copper mine production were China, Chile and Peru, supported by the commencement of new mines in Mongolia, the Democratic Republic of the Congo (DRC) and Zambia. Global copper mine production is further forecast to increase at a compound annual growth rate (CAGR) of 3.9% over the period 2014–2020 and the DRC, Peru and Zambia are poised to play bigger roles in the future. Report Highlights .Global copper mine production was just over 18 million tonnes (Mt) in 2013, up by 8.4% compared to the previous year, with Chile accounting for almost one-third of this. • Global refined copper metal consumption increased by over 4%. China was the largest consumer that year, accounting for 44% of the world’s use. • Falling ore grades and the aging of some of the largest Chilean mines could pose a challenge to the global copper industry . According to the World Bank, aluminum is expected to continue to replace copper until the copper-to-aluminum price ratio reaches around 2:1 Companies mentioned in this report are Corporacion Nacional del Cobre de Chile (Codelco) Grupo Mexico SAB de CV Glencore Plc Freeport-McMoRan Copper & Gold Inc. Jiangxi Copper Corporation Ltd. Complete report is available at http://www.reportstack.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|