Copper capacity to increase 22% by '09 ICSG

Nov 02, 2005 | 10:52 AM |

Global copper mine capacity is expected to grow to 19.3 million tonnes in 2009, up 3.5 million tonnes, of 22 percent, from 2004, according to the latest Directory of Copper Mines and Plants issued by the International Copper Study Group (ICSG).

The increase includes 2.1 million tonnes of concentrate capacity and 1.4 million tonnes of solvent-extraction/electrowinning (SX/EW) capacity.

Capacity is expected to grow 4.1 percent per year over the five-year period, with annual growth rates pegged at 3.1 percent for concentrate and 8 percent for SX/EW. Included in the projection is 1.5 million tonnes of capacity that is still in the exploration or feasibility stage and which has not been committed to development, the ICSG said.....

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