Global production of copper will gain an advantage due to last year’s low base and the introduction of new projects in the current year, a report by Fitch solutions suggests. The report estimates an increase of 7.8pc on these two factors.
The new projects outlined this year are likely to keep global production strong for the next few years, Fitch Solutions Country Risk and Industry Research said in a commentary.
The climb could also accelerate as a result of rising copper prices and market demand.