Copper Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030
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Copper Mining Market Report Overview
According to the US Geological Survey (USGS), global copper reserves were 890 thousand tonnes (kt) as of January 2023. The largest share of these is located in Chile, which accounted for more than 21% of the global total, followed by Australia and Peru. The growth in Chile is backed by the commencement of new mines and the expansion of existing mines.
The copper mining market research report provides comprehensive coverage of the copper industry including historical and forecast data on copper production by country, production by company, reserves by country, and global copper prices. The report also includes a demand drivers section providing information on factors that are affecting the copper mining industry. It further profiles major copper producers and information on the major active, planned, and exploration projects.
Forecast Period | 2023-2030 |
Historical Period | 2011-2022 |
Key Countries | · Chile
· Australia · Peru · Russia · Mexico |
Active Mines | · Escondida Mine
· Radomiro Tomic mine · Olympic Dam Mine · Toquepala Mine · Chita Mine |
Development Projects | · La Granja Project
· Quetena Project · Cerattepe Mine · Andes Norte Project · Aynak Project |
Exploration Projects | · Llurimagua Project
· Timok Lower Zone Project · West Wall Project · Heruga Project · Retkow Project |
Leading Companies | · Freeport-McMoRan Inc
· BHP · Codelco · Glencore plc · Grupo Mexico SAB de CV · Zijin Mining Group Co Ltd |
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Copper Mining Market Segmentation by Country
In 2023, Chile will lead the global copper mining market.
Some of the key countries where copper reserves are located are Chile, Australia, Russia, the US, and Peru. Chile copper production, although affected by bad weather conditions during the first half, is expected to recover in 2023. This will be supported by mines recovering output declines during the rest of 2023.
Copper Mining Market Analysis by Countries, 2023 (%)
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Copper Mining Market - Active Mines
Some of the top active copper mines are Escondida Mine, El Teniente Mine, the Radomiro Tomic Mine, Olympic Dam Mine, Toquepala Mine, and Chita Mine among others. Escondida Mine of Chile led the market in 2022 in terms of production. Collahuasi Mine and El Teniente Mine are some other Chile-based active copper mines with the leading copper production volumes.
Copper Mining Market Analysis by Active Mine, 2022 (%)
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Copper Mining Market - Development Projects
La Granja Project has the highest copper production capacity.
Some of the major development projects are the La Granja Project, Quetena Project, Cerattepe Mine, Andes Norte Project, and Aynak Project among others. The La Granja is a greenfield project located in Peru, which is a joint venture (JV) between First Quantum Minerals and Rio Tinto. In August 2023, the former acquired the major stake in the project. The project is currently at the pre-feasibility stage.
Copper Mining Market Analysis by Development Projects, 2022 (%)
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Copper Mining Market - Exploration Projects
Some of the major exploration projects are the Llurimagua Project, Timok Lower Zone Project, West Wall Project, Heruga Project, and Retkow Project among others. Llurimagua Project has the highest copper resources.
Copper Mining Market Analysis by Exploration Projects
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Segments Covered in the Report
Copper Mining Market Countries Outlook (Value, 2011-2030)
- Chile
- Australia
- Peru
- Russia
- Mexico
Scope
- Reserves and Production Data: Access detailed information on reserves, reserves by country, production figures, production by country, and production by company.
- Key Players: Learn about the major players in the industry like Freeport-McMoRan Inc, BHP, Codelco, Glencore plc, Grupo Mexico SAB de CV, Zijin Mining Group Co Ltd, First Quantum Minerals Ltd, Anglo American plc, Antofagasta Plc, and Rio Tinto.
- Country Insights: Discover leading copper-producing countries such as Chile, Australia, Peru, Russia, and Mexico.
- Project landscape: Gain insights into copper explorational and developmental projects, as well as active mines.
Reasons to Buy
- Understand market trends: Gain a comprehensive understanding of copper mining by exploring country-wise market dynamics, identifying key assets, and assessing the competitive landscape.
- Strategic market analysis: Navigate the industry with ease by exploring historical and forecast trends to anticipate market shifts and make forward-looking decisions.
- Forge valuable partnerships: Identify key players in the copper mining market and access exclusive information on key stakeholders such as copper producers, government entities, suppliers, and more.
- Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental mining projects across various regions.
BHP
Codelco
Glencore plc
Grupo Mexico SAB de CV
Zijin Mining Group Co Ltd
First Quantum Minerals Ltd
Anglo American plc
Antofagasta Plc
Rio Tinto
Table of Contents
Table
Figures
Frequently asked questions
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Which country has made the largest contribution towards the copper production market in 2023?
Chile is the largest contributor towards copper production in 2023.
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What are some of the major development projects in the copper production market?
Some of the major development projects are the La Granja Project, Quetena Project, Cerattepe Mine, Andes Norte Project, and Aynak Project among others.
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What are the key active copper mines in the market?
Some of the top active copper mines are Escondida Mine, El Teniente Mine, the Radomiro Tomic Mine, Olympic Dam Mine, Toquepala Mine, and Chita Mine among others.
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Which are the leading companies in the copper mining market?
The leading companies associated with the copper mining market are Freeport-McMoRan Inc, BHP, Codelco, Glencore plc, Grupo Mexico SAB de CV, and Zijin Mining Group Co Ltd.
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