Global copper mine production rose by 3.7% in the first quarter of 2021, the International Copper Study Group (ICSG) reported this week. The group estimated an apparent global copper surplus of 130,000 metric tons.
Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now.
Copper mine production gains to start the year
Global copper mine production recovered during the first three months of the year, the ICSG reported this week.
Concentrate production rose by 5.5%, while solvent extraction-electrowinning fell by 3.5%.
“Output in Peru, the world’s second biggest copper mine producing country, increased by 3% mainly because March production was up by 18% from a constrained March 2020 basis,” the ICSG reported. “However, Jan-Mar 2021 production is still 10% below that of Jan-Mar 2019.”
Earlier this month, Stuart Burns delved into Peru’s ongoing COVID-19 crisis, plus its recent presidential run-off.