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Copper production in the world: the data are contradictory

5 March 2013
Copper production in the world: the data are contradictory

Data on volumes of copper production in the beginning of this

year controversial in a time when one of the producers of «red metal» first

weeks of 2013 brought disappointment, others — on the contrary, felt much

relief.

In particular, for Japanese copper smelting companies

Jan made a difficult challenge: if 12 months ago for the first 4 weeks

year, the country produced 59,85 thousand tons of copper, live score barely

up to 56,7 thousand metric tons (-5,3%). However, for representatives

copper business in the Country of the Rising Sun, these figures did not come as a surprise: January

only duplicated the trend of the last year for which production

red metal enterprises of the state had to be reduced by 6.7%.

Chilean copper company — as opposed to

Asian competitors felt the beneficial trend of positive momentum.

Continuing the positive trends of the past year (12 months in the country produced

5455 thousand tons of copper, which is 3% more than last year), first

month of the year here has produced nearly 475 thousand tons of red

metal, improving thereby their own in the same period in 2012

year by 8.6%.

Experts believe that the past year for steelmakers mentioned

above the South American States were largely successful because of the growth in exports

(foreign operations, Republic showed results at 42.7 billion USD). As for the current year,

the mood of the operators of the Chilean copper market continues to be optimistic.

In particular, recently the President of the local company, «SONAMI» Alberto Salas in his

interview with reporters, said: «According to our expectations, in 2013, Chile will

produced 5.8 million tons of copper.» «This is 6.5% more than last year, and if

the circumstances will be successful, such an outcome is realistic» —

comment on the forecast of Mr. Salas analysts of the market of nonferrous metals.

Recall: the performance of global copper production last

year rose 4.4%, while stocks of metal in warehouses for the last 12

months has decreased significantly (from a surplus to 244 thousand tons last year to

the deficit of about 100 thousand tons in the past).

3 March 2013
6 March 2013