Mining Copperbelt Copper World News SIPS 2015


APR-MAY 15 Chinese refined copper output to grow
CNIA expects China’s refined copper output to continue growing in the second quarter, and the consumption to increase as well during this high demand season, Scraperegister reports.

APR-MAY 15 Copper price forecast down with larger surplus
Thomson Reuters GFMS forecasts that copper prices will average US$ 5,795 /t for 2015, a 12% fall y-o-y, and the copper surplus widening to 399,000 tonnes in 2015, based on 3% growth rates in mine production and consumption.

APR-MAY 15 Chilean output forecast for 2015
Chilean state copper commission Cochilco said in April that the country is expected to produce 5.94 Mt of copper in 2015, down from a previous estimate of 6.0 Mt. The cut in the forecast was mostly due to a lower estimate from projects run by Anglo American PLC.

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