The Corona pandemic has also affected copper production in Peru, which fell 20.4% in the first half of 2020 compared to the same period in 2019 as the government took strict measures to contain the virus. ![]() While copper production in Peru increased by more than 97% from 2008 to 2019, 2020 will be a different story. Most of the copper produced in this country is exported to China, followed by Japan, South Korea, Germany, and other countries. Two major copper-producing operations in Peru include Ann Glo American Company's Cuelaco mine and Southern Copper Company's Tia Maria copper mine. Peru Production: 2.2 million tons Copper production in Peru fell from 2.46 million tons in 2019 to 2.2 million tons in 2020. The country has suffered one of the worst damages from the coronavirus in Latin America. Despite the coronavirus, copper mining companies including Codelco, BHP Billiton, Glencore, and Antofagasta are still producing in large quantities in the country. Chile Production: 5.7 million tons Copper production in Chile fell slightly between 20, reaching 5.7 million tons last year. While Chile consistently ranks first in production, some countries' production statistics may surprise you. In 2020, world copper production has reached 20 million tons. Although copper prices hit record highs in the first half of 2021, they pulled back slightly in the wake of the novel coronavirus outbreak. In December, the German group announced a 530 million euro investment package to double the processing capacity of its recycling plant in Georgia, USA, to grow recycling capabilities at its plant in Hamburg, Germany plant, and to expand to 24 MW its in-house solar plant in Bulgaria.Īurubis Bulgaria AD (formerly known as Cumerio Med AD) is among the biggest companies in SEE.There are many countries that produce cathode copper, with Chile and Peru leading the way. Copper cathode is the standard traded on the London Metal Exchange (LME) and is a starting material for all further copper applications.Īurubis has earmarked a total of 1.1 billion euro in strategic projects that will boost its core business activities. Last week, Aurubis said that its Bulgarian copper cathode output grew by a yearly 7% to 58,000 t in the first quarter of fiscal year 2022/2023.īy growing its copper cathode output in Bulgaria, Aurubis is responding to growing market needs in the context of the energy transition, e-mobility and digitalisation, all of which are driving demand for the raw material. Since 2013, Aurubis has managed to cut its copper cathode carbon footprint by over 35% to half the global industry average, its latest annual report shows. He added that the Bulgarian plant expansion prepares the ground for further strategic projects at the German group's other plants. ![]() This optimises flows while at the same time significantly reducing the logistics costs and the associated carbon footprint," Aurubis chief operations officer Heiko Arnold said. ![]() "The expansion of the refinery by Pirdop and Zlatitsa will allow all copper anodes produced in Bulgaria to be processed on site. Aurubis reported a 27% jump in EBITDA to 753 million euro in its fiscal year 2021/2022 ended September 30. ![]() The plant upgrade is estimated to add 30 million euro to the company's earnings before interest, taxes, depreciation and amortisation (EBITDA) once it is commissioned in the second half of 2026. The facility's output will rise by around 50% to 340,000 tonnes per year after the expansion, which will be financed out of current cash flow without the need for capital increases, Aurubis said in a press release. February 16 (SeeNews) - German copper producer Aurubis said on Thursday its supervisory board approved the allocation of 120 million euro ($128.3 million) for expanding the copper cathode tankhouse at its Pirdop site in Bulgaria - the company's largest individual investment at the site since acquiring it in 2008.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |