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Minmetals Resources broke into the top ten of the world's copper mining giants

 Last Update: 2022-12-08
 Source: Internet
 Author: User

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Recently, as mining companies have successively released their production reports for the fourth quarter of 2017, the latest ranking of global copper mine production has also been released
.
It is gratifying that Minmetals Resources (1208.
HK) managed to break into the top 10, ranking eighth, jumping three spots
from 2016.

copper ore

Of course, while making the motherland motherland feel gratified, Minmetals Resources did not disappoint investors who were optimistic about it
.
Since December, following the non-ferrous market, the stock price of Minmetals Resources has nearly doubled so far, and it has risen by more than 50
% in more than a month since the beginning of the year.

According to Minmetals Resources' 2017 production report, its copper production has reached 598,000 tons, up 19% year-on-year, setting a new record
.
The biggest reason for the sudden increase in copper production at Minmetals Resources was the first full production year
since the commissioning of its flagship mine in Peru, Las Bambas, in 2017.
The copper mine produced a total of 454,000 tons of mine copper throughout the year, and the copper output of single mines squeezed into the
tenth place in the world.

The global macro-economy is upward, the copper and zinc market is expected to continue the situation of short supply, copper and zinc prices are expected to continue to rise, and the company's main mines Las Bambas and Dugald River have been put into production, the volume and price are rising, the company's performance is expected to increase significantly
.

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