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[production of the world s top 10 copper mining companies is expected to rise by 18.5 per cent in 2021. Freeport is expected to increase production by 18.5 per cent.] production of the world s top 10 copper mining companies rose slightly by 0.2 per cent to 11.76 million tons in 2020, according to GlobalData, a British analysis firm. Despite the initial impact of the covid-19 pandemic on the global mining industry, six of the 10 largest copper producers managed to increase production that year.
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Production by the world s top 10 copper mining companies rose slightly by 0.2 per cent to 11.76 million tonnes in 2020, according to GlobalData, a UK analysis firm.
Copper production from top 10 companies to bounce back in 2021 – report
Grasberg is responsible for more than a quarter of Freeport’s total output. (
Production from the world’s top 10 copper mining companies decreased in 2020, albeit by a marginal 0.2% to 11.76 million tonnes, according to UK-based analytics firm GlobalData.
Although the initial impact of the covid-19 pandemic on global mining operations was immense, six of the 10 largest copper producers still succeeded in increasing output for the year.
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The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth. While the latter remained under care and maintenance between April and August, it delivered record production levels during the subsequent months.
Home / Commodities / Commodity News / Global iron ore production to recover by 5.1% in 2021, after COVID-19 hit output in 2020, says GlobalData
Global iron ore production to recover by 5.1% in 2021, after COVID-19 hit output in 2020, says GlobalData
Global iron ore production fell by 3% to 2.2bnt in 2020. Global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% to 2,663.4Mt between 2021 to 2025. The key contributors to this grow will be Brazil (6.2%), South Africa (4.1%), Australia (3.2%) and India (2.9%). Key upcoming projects expected to commence operations include South Flank in Australia (2021), Zulti in South Africa (H2 2021), Serrote Da Laje in Brazil (H2 2021) and Gudai-Darri (2022), according to GlobalData, a leading data and analytics company.
World iron ore output to rise 5.1% by 2025 report
(Image of iron ore train in Western Australia by Calistemon, Wikimedia Commons)
The latest report from GlobalData in the United Kingdom outlines a 5.1% growth in global iron ore output to 2.66 billion tonnes between 2021 and 2025. The firm used a compound annual growth are of 3.7%.
The biggest growth with occur in Brazil (6.2%), South Africa (4.1%) Australia (3.2%), and India (2.9%). The growth with be possible as new projects come on-stream, including Zulti in South Africa, Serrote Da Laje in Brazil, as well as South Flank and Guadi-Darri in Australia. Three of the projects should begin production this year, and the Gudai-Darri in 2022.