Investors may become interested in the copper-producing companies, as the prices of this red metal have been going up since the year 2016. Future of the companies continues to look positive and it is believed that near 2018 the copper stocks prices will go through another increase. Below we present the top companies from 2015. Have a closer look at their past and current condition.
This (owned by state) company from Chile is the biggest copper producer in the world. Their production was increased in 2015 – from 1.839 million tonnes to 1.893 – despite a few complications. 1.366 million tonnes was their total production in the third quarter of 2016.
For this company from Arizona the year 2015 turned out to be lucky. Their production of copper rose from 1.47 million tonnes to 1.547 million tones. Why are they successful? Mainly thanks to their asset in the Grasberg mineral district in Indonesia which has one of the largest copper deposits in the world. In 2016 their consolidated sales amounted to 4.65 billion pounds of copper. In 2017 it fell to 4.1 billion.
In 2015, Glencore produced 1.061 million tonnes of copper. In August 2016, the company posted the lowest profit in their previous five years. Then, in November, their own-sourced copper production decreased by 6 percent as compared to the previous year. What was the reason of the company’s setback? Reduction of African copper volumes.
This is another company which experienced a dip in production. In 2014 this Australia-based copper producer produced 1.203 million tonnes and in 2015 it was 1.178 million tonnes. The end of 2016 brought more problems – the company had problems at their Olimpic Dam operation in Australia.
This is a company owned in 85 percent by Grupo Mexico. They saw a growth in their production in 2015. In 2016 the company produced 900,000 tonnes, which was their new record. The increase in production amounted to 21.1 percent. Unfortunately, the company noted some environmental troubles. In 2014 a toxic leak at their mine contaminated rivers in Northern Mexico.
KGHM Polska Miedz
This Polish company operates in Europe, North and South America. They claim to have 37.5 million of copper ore resources. 563,000 tonnes of copper was their production in 2015, next year brought the a record loss because of the decrease of the copper price. The company suffered mostly because of the impairment charge on their Sierra Gorda operation.
The company reported a drop in production in 2015 – from 636,000 tonnes to 555,000 tonnes. But there is good news as well. In May 2015 they finally came to an agreement with the Mongolian government concerning their Oyu Tolgoi mine in Mongolia.