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Recently, according to the Congolese Mining Association, Congo's copper production in 2016 is expected to be 30% lower than in 2014, and last year's output was 1 million tons
.
Congo is expected to see production fall to 700,000 tonnes
in 2016 amid new signs of weak copper demand in China.
Simon Tuma-Waku, vice president of the Congolese Mining Association, said China, the world's largest copper consumer, is currently in a downturn
due to the economic downturn.
Congo may see copper production fall to 700,000 tonnes
next year as miners close some operations and lay off workers to control costs.
This will end the trend of increasing production for several years and will also have an impact
on the Congolese economy.
The favorable price environment affects everyone, but the impact will only become clearer
next year.
Recently, according to the Congolese Mining Association, Congo's copper production in 2016 is expected to be 30% lower than in 2014, and last year's output was 1 million tons
.
Congo is expected to see production fall to 700,000 tonnes
in 2016 amid new signs of weak copper demand in China.
Simon Tuma-Waku, vice president of the Congolese Mining Association, said China, the world's largest copper consumer, is currently in a downturn
due to the economic downturn.
Congo may see copper production fall to 700,000 tonnes
next year as miners close some operations and lay off workers to control costs.
This will end the trend of increasing production for several years and will also have an impact
on the Congolese economy.
The favorable price environment affects everyone, but the impact will only become clearer
next year.
