Global copper mine production picked up by 4.9% during the first half of the year, the International Copper Study Group said this week.
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Copper production gains
Broken down further, concentrate production rose by 6.4% during the six-month period. Meanwhile, solvent extraction-electrowinning fell by 1.5%.
Chile, the world’s top copper producer, saw its copper production fall 1.2% during the first half of the year.
Meanwhile, Peru, the second-biggest copper producer, saw its output bounce back by 14% year over year. However, its half-year output remained down 9% from H1 2019 levels.
As a result of rising output at the Grasberg mine, Indonesia’s output rose by 69% year over year.
Refined production up 3.2%
Meanwhile, on the refined side of the picture, production rose by 3.2% year over year, the ICSG reported.