Russia Copper Mining to 2023

Russia Copper Mining to 2023

Summary

GlobalData's "Copper Mining in Russia to 2023" comprehensively covers Russian reserves of copper, historic and forecast trends in the country's copper production and the key active, exploration and development copper mines and projects. The report also analyses factors affecting the country’s demand for copper, and profiles the major copper producers.

Russian copper mine production grew by 0.7% to reach 710 thousand tonnes (kt) in 2018. This was mainly due to a 12.5% increase in the output from Polar and Kola copper divisions of MMC Norilsk Nickel, the country's largest producer of copper, owing to higher recovery rates. The production is expected to post a forecast period (2019-2023) CAGR of 5.2% to reach 903.8kt in 2023. This will be supported by an anticipated rise in the output from the existing operations, coupled with the commencement of Udokan (in 2022) and Ak-Sug (2023) projects. Simultaneously, Russia's consumption of copper, driven by demand from the domestic automobile, construction and infrastructure sectors, rose by 2.3% to 394.2kt in 2018.

Key Highlights

- To gain an understanding of Russia's copper mining industry, relevant driving factors
- To understand historical and forecast trend on country's copper production, consumption and exports

Scope

- Russian copper mine production grew by 0.7% to reach 710 thousand tonnes (kt) in 2018. This was mainly due to a 12.5% increase in the output from Polar and Kola copper divisions of MMC Norilsk Nickel, the country's largest producer of copper, owing to higher recovery rates. The production is expected to post a forecast period (2019-2023) CAGR of 5.2% to reach 903.8kt in 2023.
- This will be supported by an anticipated rise in the output from the existing operations, coupled with the commencement of Udokan (in 2022) and Ak-Sug (2023) projects. Simultaneously, Russia's consumption of copper, driven by demand from the domestic automobile, construction and infrastructure sectors, rose by 2.3% to 394.2kt in 2018.

Reasons to buy

- The report analyses Russia's copper mining industry, with details of reserves, production trends and forecasts, the competitive landscape and a listing of the major active, exploration and development projects.