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In 2015, mining of copper ore will increase

27 October 2014

According to analysts «International Copper Study Group» by the end of the current year the volume of mined ore into pure metal copper equivalent reached the mark of 18,628,000. Tons, while in 2015 this figure will increase by 6.5%, to the level of dobravshiss 20,503,000. Tons. Smelting of refined red metal this year will reach volume of 22,146,000. Tons, an increase of 4.9% in 2015, amounting to 23,223,000. Tons. This copper consumption this year will be about 22.43 = 43 million. Tons, having increased in 2015 by 1.1% to a level of 22,692,000. Tons.

In August this year the production of electrolytic copper in Japan relative to the same period of 2013 increased by 7% to 133.094 thousand. Tons of zinc production grew by 3% to a mark of 47.215 thou. Tons. red metal production does not stop the growth has been 7 months in a row, the release of zinc increased for the first 6 months. And according to preliminary analytical forecasts for the second half of fiscal 2014 — October 2014. March 2015 — the production of these metals will increase in the future. At least 6 of the 8 companies that produce non-ferrous metals, smelting of copper will increase by 2.7% compared to the same period last year, amounting to about 772.439 thousand. Tons. RPC Company, a leading copper producer, plans to increase production by 5% to a mark of 293.300 ths. Tons. Zinc production will increase by 2.8% to 294.532 thousand. tons, reaching the highest level since 2012, which is sufficiently contributed to the company «Mitsui Mining & Smelting», releasing 117.1 thous. tons. lead production growth will be around 2.6% and reach $ 98.243 thousand. tonnes.

China also, reduced import volumes of copper by 14.9% relative to the performance of September last year, reaching 389 thousand. Tons, while in August the delivery of copper increased by 15.9% in the PRC according to the statistics, in the year last month. According to the results of August this year compared to the same period of 2013, China has reduced import volumes by 12%, which amounted to 340 thousand. Tons, but in comparison with the result of the July 2014 volume changed very little. In July this year the smelting of refined red metal in China compared to June of this year increased by 1.6% and its volume reached 633.518 thousand tons. As for the cost of the red metal, in 2015, the estimates of analysts prices fall by 3%, to 7176 USD / ton.

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