Production of Copper in Chile reached 5,503.61Thousand Tonnes in 2023
Production declined by a CAGR of 1.35% between 2020 to 2023,and is expected to grow by...
GlobalData projects the production to grow at a CAGR of...
Copper production in Chile
Chile has an abundance of metal and mineral resources, including gold, silver, coal, lead, iron ore, copper and zinc. The country is the world’s largest producer of copper and has the largest copper reserves.
With the impact of COVID-19, the country’s copper production is estimated to have fallen in 2020 in comparison to 2019. The country is among the worst affected nations from COVID-19 in South America.
Chile is predominantly an export-oriented country, with China being its largest export partner. China, Japan and India are the three largest export markets for Chilean copper ores and concentrates. In 2019, these countries collectively accounted for major portion of the country’s total exports of copper ores and concentrates.
Chile Copper Production
Chile is the world’s largest copper producer in 2020, down marginally over the previous year, principally due to the operational disruptions from the COVID-19 pandemic. The country is amongst the worst affected nations from COVID-19 in South America. The pandemic led to a significant impact to Chile’s mining industry.
In 2019, Chile’s copper production fell by a significant share after increasing in 2018. Lower ore grades and production disruptions, owing to adverse environmental conditions, labor strikes and operational issues, affected the country’s overall output.
Major copper producers
BHP is one of the leading mineral resource companies in the world. It discovers, acquires, develops and markets various commodities, including iron ore, coal, nickel, copper, lead, silver, molybdenum, uranium, zinc and gold. BHP is headquartered in Melbourne, Australia. The company’s operational projects include copper mines in Chile, Australia and Peru. It owns three operating mines in Chile, the Escondida mine, Spence mine and Cerro Colorado mine.
Corporacion Nacional del Cobre de Chile (Codelco)
Corporacion Nacional del Cobre de Chile (Codelco) is a mining company, which is involved in the exploration, development, extraction and processing of mineral resources. The company produces refined copper in the form of cathodes, copper concentrates, blister and anode copper and by-products such as molybdenum, silver, copper calcine, anode slime, sulfuric acid, copper cathodes and wire rods. The company owns operating mines such as the Chuquicamata, Salvador, Andina, El Teniente, Radomiro Tomic and Gabriela Mistral and Ministro Hales mines in Chile.
Some of the other notable major copper producers are Antofagasta Plc, Anglo American Plc.
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