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Copper Production Increased by 66% from Kaz Minerals

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Kazakhstan Metal Group (Kaz Minerals) announced on Thursday that copper production increased by 66% from January to September compared to last year, Copper production was 97,100 ton in the first nine months, compared with 58,400 ton in 2015. It will maintain company's target for copper production of 135,000-145,000 ton in 2016, the copper production was 81,000 ton in 2015.

On Tuesday,  Anglo American announced that its output was largely in line with the target, while Anto fagasta reported an increase in copper production in the third quarter on Wednesday, They will reaffirm its target for the full year, but copper output is expected to fall slightly this year. Facing of sluggish copper prices, copper miners produce foundry grade pig iron choose to reduce costs. Kaz said that the current low-cost Bozshakol mine and Aktogay open-pit mine produce nickel stainless steel contributed 90% of the total output.

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