In the first three months of this year, KAZ Minerals produced 94,000 tons of copper, according to a statement on the company’s Telegram channel. This marks an 8% decrease from the 102,000 tons produced in the fourth quarter of last year. The reduction in output was anticipated due to a forecasted decline in copper content in the mined ore. The company managed to partially offset the decrease by increasing its production capacity by 2%.
Interestingly, from January to March, the copper mining company sold 103,000 tons of metal, 9% more than it produced. The significant reduction in product shipment times contributed to fewer shipments being classified as “in transit.” Additionally, sales of all by-products surpassed the figures from the fourth quarter of 2023.
