This post was originally published on this site. Anglo American (LON: AAL) reported a 5% drop in third-quarter copper production on Tuesday after extreme winter weather disrupted its Chilean operations, but the mining giant maintained its full-year output forecast. The miner produced 174,900 tonnes of copper in the three months ended Sept. 30, down from 183,500 tonnes a year earlier. Output in Chile fell 6% to 94,200 tonnes, reflecting record snowfall, severe weather and lower ore grades at Collahuasi and El Soldado. Production in Peru declined 3% to 80,700 tonnes. “Operational performance was resilient across the business, continuing our momentum...

This post was originally published on this site. The copper industry needs $332 billion in new mine investment to avert a supply shortage that could begin in 2028, even as refined metal production is expected to outpace demand over the next two years. Global copper consumption is forecast to rise 61% between 2026 and 2050 to nearly 46 million tonnes, leaving a potential deficit of 20 million tonnes, or 44% of projected demand, according to BloombergNEF’s Transition Metals Outlook 2026, released Tuesday. The forecast contrasts with the International Copper Study Group’s (ICSG) near-term outlook, which projects a refined copper surplus...