Brazil’s base metal production, comprising copper and nickel, is predicted to increase between 2015 and 2020.
Production of copper is expected to be 388,268t and 154,001t for nickel in 2020, compared with 311,685t and 118,034t respectively in 2014.
Entitled ‘Base Metals Mining In Brazil To 2020‘, the report explores the impact of major projects starting such as the Antas North mine and an extension of Salobo mine for producing copper, as well as Vermelho mine and the Morro Sem Bone project for nickel production.
Domestic and international factors are expected to increase demand for copper and nickel. The country’s growing construction industry will propel the growth of the copper production, whereas nickel production will be influenced by the Chinese stainless steel industry and a ban on nickel ore exports in Indonesia.
Production of copper and nickel were reported to be 412,830t and 18,782t respectively in 2014. Copper ore and concentrate exports were 855,500t, while nickel ore and concentrate exports standing at 98,400t for the same period.
Brazil has extensive reserves of base metals spread across Para, Goias and Bahia regions of the country. Key mining industry players are Vale SA, Mirabela Nickel Ltd, Anglo American Plc and Yamana Gold Inc.