19:07 22 September 2025
KGHM may gain in copper market as problems abroad inhibit international production
Global copper markets face turbulence after supply disruptions at two major mines. In Indonesia, the world’s second-largest copper mine, Grasberg, halted production following landslides and flooding on September 8. Two miners are confirmed dead, five remain missing, and operations are suspended; last year Grasberg produced over 816,000 tons, more than KGHM’s annual output. Meanwhile, in Chile, state-owned Codelco expects significantly lower output at its El Teniente mine—just over 300,000 tons this year versus 356,000 in 2024—after deadly accidents and safety reviews.
With Chile accounting for 20% of global copper supply, both setbacks could tighten markets. Prices already hover near $10,000 per ton, with forecasts suggesting a climb toward $12,000 by 2026. Stable producers like KGHM may benefit from higher margins.
(wnp.pl)
