The four largest. The total copper production of the 25 largest companies amounted to 3.72 million tons. "On the other hand, the fourth quarter has historically been characterized by increased production, as mining companies typically ramp up production to meet their annual targets."Among the most notable declines are Codelco and Freeport-McMoRan, where production decreased by 10.2% and 5.3%. Both companies experienced operational disruptions, including several deaths and temporary business suspensions.
Ivanhoe's operations also remained limited due to ongoing dehumidification work, resulting in a 36.4% decline, the largest drop among mining companies. Hudbay faced difficulties caused by public unrest at the Constantia mine in Peru and evacuation from the Snow Lake mine in Canada due to wildfires. In the nine months since the beginning of this year, Norilsk NICKEL's base metal production has also decreased compared to the same period last year. The adjustment was caused by a decrease in ore production due to the gradual transition to new mining equipment in the Norilsk division as part of the ongoing strategy for equipment import substitution, and a change in the structure of the ore produced.
