copper

Copper Price Tag

In contrast, Indonesia’s copper production grew by 29.9% in 2020, owing to the commencement of the 7th phase at the Batu Hijau mine and the ramp-up of the Grasberg minerals district’s underground operations. Among these operations are the Grasberg open pit, the Deep Ore Zone, the Major Gossan, and the Deep Mill Level Zone mine. Freeport’s Cerro Verde mine was also idled for almost 3 weeks in between March and April, before progressing with an typical production capacity of 90% for the duration of Q3. Overall, copper production in Peru is estimated to have declined by 13% in 2020. U.S....