Mongolia copper concentrate exports to China drop about 70% amid border restrictions
Oyu Tolgoi says convoys fall from 12-13 to around four a day; local media say losses could reach $1.2bn if restrictions persist through year-end
The operator of Mongolia’s Oyu Tolgoi copper mine reported Thursday that exports of copper concentrate to China have fallen by about 70% over the past two weeks because of restrictions at a border crossing, raising concerns over potential revenue losses and disruptions to the country’s mineral sector.