\u201cThe new tax regime forced miners to do the unthinkable \u2013 cut production \u2013 because many cannot afford to continue producing as before,\u201d it said in a statement<\/a>.<\/p>\n Zambia, Africa\u2019s second largest copper producer, churned out\u00a0861,946 tonnes of the metal last year. In the first three months of this year, the nation\u2019s copper output fell by 11.3% to 195,244 tonnes, compared to the previous quarter, the Bank of Zambia said\u00a0earlier this week.<\/p>\n The world\u2019s main copper producing nations have been showing output declines this year, according to the latest monthly\u00a0bulletin<\/a> from the International Copper Study Group (ICSG).<\/p>\n Global production declined 2.4% in February 2019, when compared to the same month last year, with 1,515kt (19,749ktpa) of contained copper produced globally.<\/p>\n Chile, the world\u2019s No.1 producer of the metal, led the pack with output down 7.1 % y\/y to 415.9kt (5,412ktpa) while Peru, the second main global producer, saw its output fell by 5.1% y\/y to 176.1kt (2,296ktpa).<\/p>\n Despite weaker copper production so far this year, ICSG data indicates a small surplus in February of 74kt with refined usage down 14% y\/y, totalling 1,758kt (22,917ktpa).<\/p>\n Industry analysts at CRU believe that is undeniable that global demand for copper will soon surpass supply, the world may not need as many new mines as originally forecast.<\/p>\n Over the past year there has been board approval for several high-profile expansions and new projects that are due on-stream over the next five years.<\/p>\n CRU says the coming online of major projects, including Anglo American\u2019s\u00a0Quellaveco<\/a>\u00a0(2022), Teck Resources\u2019\u00a0Quebrada Blanca expansion<\/a>\u00a0(2021) and\u00a0First Quantum\u2019s Cobre Panama<\/a>\u00a0(already in production) should momentarily eliminate the gap between supply and demand.<\/p>\n The research group now expects 900,000 tonnes a year more mine copper supply by the early 2020s than at this time in 2018.\u00a0<\/strong><\/p>\n While the effect on copper demand from the electric vehicles (EVs) sector is expected to be important<\/a>, the consensus is that it will not meaningfully impact on demand until the second half of the 2020s, CRU says.<\/p>\n The red metal is a key component in the lithium-ion batteries used in EVs, as well as power inverters and in the\u00a0charging infrastructure needed to keep them running.<\/p>\n Data released by the International Copper Association (ICA), an industry-funded body, shows more than 40 million charging ports will be needed over the next decade, consuming an extra 100,000 tonnes of copper a year by 2027.<\/p>\n All types of EVs require copper. It is used in batteries, windings, rotors, wiring, busbars and charging infrastructure. (Source Research commissioned by the International Copper Association (ICA).<\/a><\/em>)<\/p>\n<\/div>\n From those stations, at least 3 million will be built in China by 2030, according to the study.<\/p>\n Consumption from the car industry will also weigh on demand, but later. An average gasoline-powered car uses about 20 kg of copper, mainly as wiring. A hybrid needs about 40 kg and a fully electric car has roughly 80 kg of copper (176 pounds).<\/p>\n Copper demand will be substantially impacted by the growing market for electric vehicles (EVs) over the next decade. (Source Research commissioned by the International Copper Association (ICA).<\/a><\/em>)<\/p>\n<\/div>\n It means that, in the next decade,\u00a0global copper demand will increase between 3 and 5 million tonnes, experts predict. Once electric vehicles become popular, they estimate demand to reach 11,000,000 tonnes of new copper for EV\u2019s alone.<\/p>\n Copper is also a key element in green technologies and renewables, which despite being adopted at a fast pace, they still represent only a minor percentage of the world\u2019s total energy production.<\/p>\n The post Zambia’s just deepened worries of sinking global copper output<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Copper output in Africa’s second largest producer could decline by as much as 100,000 tonnes this year, adding to recent, sharp declines at the world’s main producing nations.<\/p>\n The post Zambia’s just deepened worries of sinking global copper output<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[539,1016,1035,405,404,369,776],"tags":[9,28,33,71,86],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1117534"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1117534"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1117534\/revisions"}],"predecessor-version":[{"id":1117637,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1117534\/revisions\/1117637"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1117534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1117534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1117534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Copper output in Africa\u2019s second largest producer could decline by as much as 100,000 tonnes this year, adding to recent, sharp declines at the world\u2019s main producing nations.<\/q><\/p>\n
The EV effect<\/strong><\/h3>\n
![\"Zambia](\"http:\/\/www.mining.com\/wp-content\/uploads\/2019\/05\/ev-copper-demand-ica.jpg\")
<\/p>\n![\"Zambia](\"http:\/\/www.mining.com\/wp-content\/uploads\/2019\/05\/ev-forecast-ica.jpg\")
<\/p>\n