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🔥Visualizing Copper Production by Country 🇨🇱🇵🇪🇨🇩... Copper is considered an essential metal for the clean energy transition because it is a great conductor of electricity. As a result, governments around the world have been encouraging the construction of new mines, and mining companies have been seeking new projects and acquiring existing mines to meet the growing demand. Most Copper Comes from South America Chile and Peru account for one-third of the world’s copper output. Chile is also home to the two largest mines in the world, Escondida and Collahuasi. Meanwhile, African countries have rapidly increased their production. The Democratic Republic of Congo, for example, transitioned from being a secondary copper producer in the late 1990s to becoming the third-largest producer by 2023. Part of the growth in copper mining in Africa is attributed to high investment from China. Chinese mining companies represent 8% of Africa’s total output in the mining sector. Within its territory, China has also seen a 277% growth in copper production over the last three decades. In the U.S., Arizona is the leading copper-producing state, accounting for approximately 70% of domestic output. Copper is also mined in Michigan, Missouri, Montana, Nevada, New Mexico, and Utah. #copper #cleanenergy

**Chile #Copper Mining to 2030** - Chile is the world's largest copper producer, accounting for over 24% of the global market in 2023. However, production has declined since 2019 due to water scarcity and other factors. - Declining ore grades at major mines, rising production costs, labor shortages, and political instability have posed significant challenges to the industry. - In 2024, Chile's copper production is expected to rebound, with a projected 5% increase to 5.5 million tonnes. This growth will be driven by the ramp-up of Tech Resources' Quebrada Blanca mine. - The Chilean copper industry is dominated by state-owned CODELCO – Corporación Nacional del Cobre de Chile, BHP, Anglo American, and Freeport-McMoRan, with mines primarily located in the northern and central regions of the country. - In April, the average copper price surged by 9.3% to $9,482/t, the highest in two years, driven by rising demand in China and declining inventories, despite a slowdown in the construction sector. #mining #mineralexploration #mineralprocessing

Snapshot: Codelco Codelco, or Corporación Nacional del Cobre de Chile, is a state-owned mining company in Chile and one of the world’s largest producers of copper. Established in 1976, Codelco plays a significant role in Chile's economy, accounting for a substantial portion of the country's exports and revenues. They operate several major mines in Chile, including El Teniente (the largest underground copper mine in the world), Chuquicamata (one of the largest open-pit copper mines), and Andina. El Teniente is located in the Andes Mountains near Santiago, Chile. With over a century of operation, it produces hundreds of thousands of metric tons of copper annually. Significant for its vast infrastructure and expansion projects like the "New Mine Level," El Teniente is crucial for Codelco’s revenue and Chile’s economy, emphasizing sustainable practices.

In the news: Freeport-McMoran's 2023 copper production was flat on 2023, copper market is tight and likelihood market will move into deficit this year rather than in 2025; in Australia, Wyloo Metals is putting its nickel mines in May, BHP will close its ore concentrator at Kimbala as a result; Australia's Association of Mining and Exploration Companies tables proposals to help nickel and lithium producers, including a 10% Production Tax Credit; Barrick Gold announces that the Super Pit expansion project at the Lumwana copper mine in Zambia has been accelerated, and, when fully operational, production at the mine will more than double to 240,000 tonnes annually. #energytransition #mining #metals #criticalminerals #copper #nickel #lithium #electrification #netzero #decarbonisation

Peru: Powering the Future of Copper 🔋 Peruvian copper production increased by 150,000 metric tonnes from the previous year to 2.6 million metric tonnes in 2023. Energy and Mining Minister Romulo Mucho forecasts that production should reach 3 million metric tonnes in 2024. ▶️ While Peru's copper production is rising, a pressing challenge looms the diminishing pipeline of new mining projects. This is a crucial point to consider as the global transition to sustainable energy gains momentum, driving up the demand for copper. ▶️ This situation underscores the strategic importance of Peru's copper sector, offering significant investment opportunities. It highlights the industry's future trajectory, a topic of critical relevance to our discerning audience. ❓ Are we on the brink of a new copper exploration and development era in Peru? Discover how Forte Minerals is at the forefront of Peru's copper sector with high-quality copper and gold projects in one of the world's richest mineral environments. Our commitment to community engagement and eco-friendly practices underpins our strategic advances in this market, instilling confidence and security in your investment choice.📈 🌍 Visit www.fortecopper.com to learn more. *reference - https://lnkd.in/g52XUaKe

Visualizing Copper Production by Country in 2023 #Copper is considered an essential metal for the clean energy #transition because it is a great conductor of electricity. As a result, governments around the world have been encouraging the construction of new mines, and mining companies have been seeking new projects and acquiring existing mines to meet the growing demand. #Chile and #Peru account for one-third of the world’s copper output, boasting two largest mines in the world, Escondida and Collahuasi. Meanwhile, African countries have rapidly increased their production. The Democratic Republic of #Congo, for example, transitioned from being a secondary copper producer in the late 1990s to becoming the third-largest producer by 2023. Part of the growth in copper mining in Africa is attributed to high investment from #China. Chinese mining companies represent 8% of Africa’s total output in the mining sector. Within its territory, China has also seen a 277% growth in copper production over the last three decades. In the #US, Arizona is the leading copper-producing state, accounting for approximately 70% of domestic output. Copper is also mined in Michigan, Missouri, Montana, Nevada, New Mexico, and Utah. #Poland is the only European country in the ranking, contributing only 0.4% of global production. Meanwhile, speculation about total demand inflames the #LME market and the value of red gold remains close to $10,000/tonne, at its highest level in two years. #energytransition #ai #epower

#Copper #Chile Fabian Andres Cambero Copper output at Chile state mining giant Codelco is still slumping after hitting a 25-year low last year, squeezing an already tight global market for the red metal that is in growing demand for electric vehicles and the green energy revolution. After years of sliding production at the world's top copper producer, Codelco is behind target for production in 2024, and analysts say it faces an uphill battle to make up lost ground with a second-half turnaround.

Shifting Tides in Copper Production ➡ Chile's copper landscape witnessed a dynamic start to the year as Codelco's production dipped while others surged ahead! ➡ According to the latest report from Cochilco, Codelco, the world's leading copper producer, faced a 16% decline in January, tallying at 107,000 metric tons. ➡ Challenges loom over Codelco as expansion endeavors grapple with delays and escalating costs, impacting their output recovery efforts. ➡ On the flip side, the giants of Escondida and Collahuasi experienced contrasting fortunes. ➡ BHP's Escondida reported a robust 4.5% growth, reaching 97,500 tons, while Collahuasi, the joint venture of Anglo American and Glencore, boasted an impressive 22% surge, hitting 52,200 tons. ➡ Despite these diverging trends, Chile's overall copper output maintained stability, nudging up by a modest 0.51% to 433,800 tons. Resource https://lnkd.in/gQ9DeEMz MINING.com Reuters Reuters News Agency Sizer Metals Pte Ltd Sizer Metals Pvt. Ltd. #sizermetals #sizermetalspteltd #abizertambawala #metalindustry #metalnews #globaleconomy #globalindustry #CopperProduction #industryinsights #ChileanCopper #miningindustry #codelco #economictrends #marketanalysis #industryupdates #sustainablemining #angloamerican #glencore #bhp #supplychain #economicindicators #businessnews #industrialgrowth

What does lower #nickel prices mean for Canadian mining companies - and the country's contribution of #criticalminerals for the #energytransition? Danger. Global nickel prices on the London Metal Exchange have fallen today to half of what they were a year ago. Private-sector mining investments have stalled around the world, or in the case of Australia, are being cut. Australian resources minister Madeleine King has called on consumers to pay a "green premium" for low-carbon, sustainably-produced nickel to compete with Indonesia, which has grown rapidly and now produces 55% of the world's nickel. Forecasts suggest the world nickel market could be oversupplied to 2028, discouraging further investment and production in Canada. Falling global nickel prices will stall mining investments in Canada that would supply the country's emerging #electricvehicle supply chain, leaving us uncompetitive and dependent on foreign imports despite being blessed with the #criticalminerals the world needs. How can we spur investment in Canadian minerals, Canadian resource communities and Canadian workers to accelerate Canada's contribution to the world's #energytransformation? #canpoli #cdnpoli #onpoli