Video: Another wild ride for copper in 2025
MINING.COM's Frik Els says 2025 is already shaping up to be another wild ride for the red metal.
Chinese miner MMG said on Thursday that operations at its Las Bambas copper mine had been reduced temporarily after Peru declared a state of emergency and imposed restrictions in response to the coronavirus pandemic.
MMG said the transport of concentrates and critical supplies from Las Bambas would be significantly restricted, but added that operations in Australia and the Democratic Republic of Congo continue normally.
Las Bambas is Peru’s biggest mine and one of the world’s largest copper mines, with an annual nameplate throughput capacity of 51.1 million tonnes and annual production expected to be between 350,000 to 370,000 tonnes of copper.
(By Shashwat Awasthi; Editing by Tom Hogue)
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