Mumbai, Oct. 15 -- The International Copper Study Group (ICSG) stated yesterday that world copper mine production is expected to increase by 1.3% in 2026, with growth of about 3.1% forecast in 2027. It noted that 2026 world mine production growth was revised down to 1.3% from the 1.6% anticipated in the Group's April 2026 forecasts, mainly reflecting downward revisions made for Chilean, Chinese and Indonesian production.
Global growth this year is mainly attributed to additional production from the ramp-up of Oyu Tolgoi (Mongolia), Batu Hijau (Indonesia) and Malmyz (Russia) mines; the expansion at Julong (China) and Svaytogor (Russia) mines; higher output at Antamina (Peru); the processing of stockpile ore at Cobre Panama and an expected r...