Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Increased copper production will be one of the primary factors for a corresponding projected 74pc rise in mining exports from Ecuador, noted the Ministry of Energy and Non-Renewable Natural Resources on Tuesday.


The ministry expects exports in this area to reach $1.6bn in 2021 from the $921mn exported last year.


Ecuador’s Mirador mine is forecasted to have a higher processing volume of 60,000mt per day of copper ore.


Mining imports were up 127pc from January-April 2021, compared to the same period last year, to reach $421mn from $185mn, according to the Central Bank of Ecuador.


Copper and its concentrate were one of the main exported products, largely to Switzerland, the United States, China, Finland, Bulgaria, Germany, and Taiwan.

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