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Commodities Buzz: Anglo American Sees 11% Increase In Copper Output In March Quarter

25-Apr-24 12:52 Hrs IST

Mining major Anglo American has reported an 11% increase in its copper output for the first three months of the year. It produced 198,000 tonnes of copper in the period. In Chile, where the company has the bulk of its copper operations, production rose 6%, with the Collahuasi and El Soldado mines more than compensating for a weaker quarter at Los Bronces. Anglo?s copper output for the year remained unchanged at 730,000-790,000 tonnes, but output from its operations in Chile, the world?s top producing nation, are likely to be affected as the Los Bronces plant closes from the middle of the year. The company?s production of platinum-group metals dropped 7% to 834,000 ounces.

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