World copper demand growth continues; how will it be met?

Based on new information and announced project developments , the International Copper Study Group (ICSG) projects that annual mine production capacity over the 2007 to 2011 period will grow at an average rate of 5.3%/y to reach 22 Mt in 2011, an increase of about 5 Mt (30%) from that in 2006. Of the total increase, copper in concentrate capacity is expected to increase by 3Mt (average of 4%/y) and SX-EW production by 2.1 Mt (10%/y). South America and Africa will account for more than 3.2 Mt (66%) of the mine capacity increase. IM’s August issue will examine technologies and innovative methods to help raise output. (more…)

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