The export of mineral products increased by 5.1 percent in 2019. However, the export of copper concentrate, the main export product, fell by 11 percent and amounted to USD 1.79 billion, according to the Customs General Administration (GCA). Its volume decreased slightly to 1.4 million tons compared to 2018.The average gold concentrate of Oyu Tolgoi LLC, the largest exporter of copper and gold, declined in 2019, with its revenue reaching USD 944.6 million in the first three quarters of the year. This is an increase of 13.3 percent year-on-year, according to Turquoise Hill Resources (TRQ) report. Zinc exports reached 134,700 tons in 2019, increasing nine percent from the previous year, but decreased by four percent in monetary volume and amounted to USD 189 million, said the GCA. Currently, Zinc Mineral LLC and Chinese-invested Shin Shin LLC export zinc. Since the zinc prices rose in the first quarter of 2019, it lowered 18 percent compared to its peak in April, encouraging a decrease in zinc export earnings.

Published Date:2020-01-16