First Quantum Anticipates Growth in Copper and Nickel Production

First Quantum

Stable Output in 2025 with Increase Expected by 2027

Canadian mining giant First Quantum has released projections for its copper and nickel production over the next few years, signaling stability in 2025 followed by notable increases in 2026 and 2027. Despite a downturn in production in 2024, the company is optimistic about its future output.

Detailed Production Forecasts and Strategic Investments

For 2025, First Quantum expects copper production to range between 380,000 and 440,000 metric tonnes, with forecasts rising to 390,000-450,000 tonnes in 2026, and reaching 430,000-490,000 tonnes in 2027. Nickel production is also projected to increase, with the company anticipating output of 15,000-25,000 tonnes in 2025, and stabilizing at 30,000-40,000 tonnes for 2026 and 2027.

Expansion Plans and Operational Challenges

The company plans significant capital investments, including $120 million for the expansion of smelter and tailings facilities at its Kansanshi operations and $115 million for mineral rights at the La Granja project within the next three years. Additionally, the ongoing closure of the Cobre Panama mine poses challenges, with 121,000 dry metric tonnes of copper concentrate currently stalled on site pending shipping approval from the Panamanian government.