https://newsletter.en.creamermedia.com
Construction|Copper|Energy|Gold|Power
Construction|Copper|Energy|Gold|Power
construction|copper|energy|gold|power

Antofagasta's Q3 copper output jumps 15% sequentially on destocking

Los Pelambres

Los Pelambres

16th October 2024

By: Reuters

  

Font size: - +

Chilean miner Antofagasta reported a 15% rise in third-quarter copper output on Wednesday, compared with the previous three-month period, due to destocking of inventories at its Los Pelambres mine and better grades at its Centinela mine.

The miner said it still expects to finish 2024 at the lower end of its previous forecast range of 670 000 t to 710 000 t of copper production.

Copper, used in the power and construction industries, is expected to benefit from the green energy transition globally, including demand from the electric vehicle sector and new applications such as data centres for artificial intelligence.

However, the company said its 2025 copper output is

expected to be between 660 000 t and 700 000 t, with the top and bottom ends of that guidance range slightly lower than this year's forecast span.

Antofagasta, majority-owned by Chile's Luksic family, said copper production in the third quarter was 179 000 t, while gold output surged 54% to 51 800 oz, compared with the previous quarter.

Edited by Reuters

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.224 1.321s - 190pq - 2rq
Subscribe Now