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Copper Production Q2 2024

Updated: Oct 21



The second quarter of 2024 has shown notable shifts in the global copper mining industry. Companies like MMG, Antofagasta, Ivanhoe Mines, and Teck Resources have reported significant production increases compared to the first quarter of 2024. MMG's output surged by an impressive 35.52%, reaching 90,972 tonnes. Antofagasta's production rose by 20.02%, reaching 155,300 tonnes. Teck Resources saw an 11.52% increase in production, totaling 110,400 tonnes, while Ivanhoe Mines experienced a 16.95% rise, bringing their total to 100,812 tonnes.


While BHP Group solidified its lead with an 8.37% increase in production to 504,900 tonnes, not all established companies fared as well. Freeport-McMoRan experienced a production decline of 4.42%, bringing its output down to 470,375 tonnes. Similarly, Glencore and Lundin Mining saw decreases of 7.01% and 9.44%, respectively.


Company

Tonnes Cu Q2 2024

Q/Q change

BHP Group

504,900

8.37%

Freeport-McMoRan

470,375

-4.42%

Codelco

309,000

-3.13%

Southern Copper

243,623

1.40%

Glencore

222,900

-7.01%

Anglo American

196,000

-1.01%

KGHM Polska

178,300

-0.50%

Rio Tinto

171,000

9.62%

Antofagasta PLC

155,300

20.02%

Teck Resources

110,400

11.52%

Nornickel

109,000

-0.70%

First Quantum Minerals

102,709

2.09%

Ivanhoe Mines

100,812

16.95%

Kaz Minerals

96,600

2.44%

MMG

90,972

35.52%

Lundin Mining

79,708

-9.44%


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