By BUUMBA CHIMBULUGLOBAL gold and copper production growth will resume following the stop-start nature of covid-19 disruption miners, including those in Zambia, experienced at times during the past 18 months.This is according to two new reports by Fitch: Country risk and Industry Research.For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years.Over the medium-term (2021 to 2025), global mine production growth will remain strong, as high prices by historical standards encourage investment and output.Fitch forecasts global gold production to increase from 109.4 million oz. in 2021 to 141.7 million oz. by 2030, averaging 3.2 percent annual growth.According to Fitch, this reflected an acceleration from the average growth of just 0.8 percent over 2016 to 2020.“After surging during the previous 10 years, China’s gold output will stagnate over the coming decade. Declining ore grades will limit domestic investment and encourage Chinese firms to develop overseas projects increasingly,” the report indicated.According […]
GOLD, COPPER PRODUCTION BOOM PREDICTED
