Ivanhoe cuts Kamoa-Kakula output outlook after flooding – ING

FXStreet Insights Team FXStreet

Ivanhoe Mines has trimmed its medium-term production outlook for the Kamoa-Kakula Copper mine to 550kt, down from over 600kt previously, after May’s flooding caused by seismic activity, ING's commodity experts Ewa Manthey and Warren Patterson note.

Copper giant’s medium-term production target lowered to 550kt

"Recent reports suggest that Ivanhoe mines expect medium-term production at the Kamoa-Kakula Copper mine to exceed 550kt, down from its earlier target of over 600kt, after flooding caused by seismic activity in May, likely triggered by mining activity. This has forced the company to draw up a new long-term development plan for the mine."

"Meanwhile, the company aims to issue production guidance for 2026 and 2027 once recovery efforts progress further. As one of the world’s largest Copper mines, Kamoa-Kakula has been a key contributor to global supply, as other major mines struggle to maintain output."

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