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. Last Updated: 07/27/2016

Copper Exports Up




LONDON -- Exports and production of copper in the Commonwealth of Independent States will rise again this year, Macquarie Equities said in a report.


Production from Russia, Kazakhstan and Uzbekistan rose by 14.5 percent in 1999 to 1.18 million metric tons and would rise by a further 4.2 percent in 2000 to 1.23 million.


Macquarie said the extra 150,000 tons produced in 1999 came from higher output at Kyshtym Copper in Chelyabinsk, Uralectromed in the Urals, Norilsk Nickel and at plants in Kazakhstan.


The report said Kazakh copper production would grow by 5 percent in 2000 to 380,000 tons, by 4.3 percent in Russia to 770,000 tons and remain flat at 80,000 tons in Uzbekistan.


Russian exports of refined copper increased sharply last year as domestic demand failed to keep pace with the rise in output. Russian exports in the first 11 months of 1999 totaled 570,000 tons, an 18 percent rise on the same period in 1998.