News

Brazilian copper ore export volumes surge by 69% y-o-y in July; cathode declines

Date 8/11/2017 10:43:50 AM Source: Thomson Reuters

Brazilian copper ore exports grew 68.7% year on year in July, mainly on higher volumes to Taiwan, India and Bulgaria.

 Copper ore shipments totalled 93,857 tonnes last month, compared with 55,632 tonnes in July 2016, according to the figures from the country's foreign trade ministry,

 Yet the volume is lower than in June 2017, when the country exported 96,558 tonnes of copper ore.

 Taiwan was the main destination for the Brazilian ore, with an intake of 36,827 tonnes in July, up from 4,277 tonnes a year earlier.

 India took 20,411 tonnes of Brazilian copper ore in July, while Bulgaria bought 18,455 tonnes. A year earlier, these countries registered no shipments of Brazil-origin copper ore.

 In the year to July, Brazil exported a total of 674,804 tonnes of copper ore, up from 626,508 tonnes in the corresponding period of 2016, the ministry said.

 Cathode

 Copper cathode exports from Brazil fell to 4,011 tonnes in July, against 8,275 tonnes in the same month of 2016.

 All volumes were sent to China.

 In the first seven months of 2017, Brazil exported 14,834 tonnes of cathodes.

 This represents a significant decline from the corresponding period of 2016, in which a total of 83,484 tonnes was shipped.

 This reflects both Paranapanema's lower production and decision to shift its focus back to the domestic market.

 The company is Brazil's sole cathode producer.

Edited by SHMET