Democratic Republic of Congo Replaces Peru as the Second Largest Copper Exporter

From agmetalminer.com

There’s a new kid on the block in copper production. Media reports say the Democratic Republic of Congo (DRC) continues to put up a tough fight against Peru, the world’s second-biggest copper producer. If the latter does not square up, expects feel the DRC may end up taking its #2 title. Of course, such competition could not only affect copper prices today, but also in the near future. Bloomberg recently reported on a prediction from consulting firm Wood Mackenzie. According to the article, Wood Mackenzie expects the DRC’s copper production will overtake Peru’s by 2026 or 2027. Indeed, as of this writing, the ... (full story)