Copper Production, Market and Outlook

THE world production of copper for the first eight months of 1927 shows an increase of 3 per cent over the same period in 1926. Since February of this year, however, production has been considerably curtailed. The United States reduction in the last four months has been offset by the increased South Ameri-can and Belgian Congo production. The United States is now producing 58 per cent of the world production, Chile and Peru 17.3 per cent, Belgian Congo 5 per cent. In 1926 the United States produced 54 per cent, Chile and Peru 16.3 per cent, Belgian Congo 6.3 per cent. Production, Tons 1917-largest war year 1,580,000 1925 1,581,000 1926-increase 3 per cent 1,628,000 1927-increase 3 per cent 1,670,000 Copper Producing Countries, 8 mo., 1927: Tons Per Cent United States 644,000 58.0 Chile and Peru 192,000 17.3 Europe 90,000 8.1 Belgian Congo 56,000 5.0 Japan 46,000 4.1 Mexico 30,000 2.7 Canada 23,000 2.1 Figures are not available for Spain and Portugal, which would probably precede Mexico.