Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Swedish base metals producer Boliden expects to lose 2mn mt of total copper throughput at its Aitik copper mine from its yearly target of 45mn mt due to a mechanical issue at one of the two mills. Repairs, which began more than three weeks ago, took longer than expected due to staffing issues caused by the COVID-19 pandemic.         


On Mar 16, the company had also suspended operations at its Tara zinc mine in Ireland due to the breakdown of an ore hoist. Boliden restarted production a week after the incident. Both mines are now working at full-scale production. 


For Q1 2021, Boliden now forecasts a SEK200mn ($23.2mn) impact on combined operating profit from the mines due to these disruptions.



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