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 (%)

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 (%)

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

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

  • The report contains an overview of the global copper mining industry including key demand driving factors affecting the global copper mining industry.
  • It provides detailed information on reserves by country, global production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

Reasons to Buy

  • To analyze global copper mining trends, and relevant driving factors.
  • To track the latest developments in the global copper mining industry.
  • To identify major active, exploration, and development projects.
  • To analyze upcoming project developments in the mining industry.
  • To understand historical and forecast trends on global copper production.
  • To identify key players in the global copper mining industry

Table of Contents

Overview

Copper Reserves

Copper Production

Production by Country

Prices

Major Active Mines

Major Development Projects

Major Exploration Projects

Competitive Landscape

Demand and Trade

Taxes in Major markets

Appendix

Abbreviations

Likelihood

Table

Table 1: Global Copper Mining – Copper Reserves by Country (Million Tonnes), 2021

Table 2: Global Copper Mining – Active Mines in Australia by Total Ore Reserves (Million Tonnes)

Table 3: Global Copper Mining – Active Mines in China by Total Ore Reserves (Million Tonnes)

Table 4: Global Copper Mining – Active Mines in Mexico by Total Ore Reserves (Million Tonnes)

Table 5: Global Copper Mining – Active Mines in the Russia by Total Ore Reserves (Million Tonnes)

Table 6: Global Copper Mining – Active Mines in Peru by Total Ore Reserves (Million Tonnes)

Table 7: Global Copper Mining – Historical and Forecast Copper Mine Production (Thousand Tonnes), 2005–2025

Table 8: Global Copper Mining – Copper Mine Production by Country (Thousand Tonnes), 2005–2025

Table 9: Global Copper Mining – Copper Mine Production in China (Thousand Tonnes), 2005–2025

Table 10: Global Copper Mining – Copper Mine Production in Peru (Thousand Tonnes), 2005–2025

Table 11: Global Copper Mining – Copper Mine Production by Company (Thousand Tonnes), 2019–2021

Table 12: Global Copper Mining – Copper Prices, Quarterly (US$/Tonne), 2014–2021

Table 13: Global Copper Mining – Active Mines in APAC, 2021

Table 14: Global Copper Mining – Active Mines in Europe, 2021

Table 15: Global Copper Mining – Active Mines in Former Soviet Union, 2021

Table 16: Global Copper Mining – Active Mines in Middle East and Africa, 2021

Table 17: Global Copper Mining – Active Mines in North America, 2021

Table 18: Global Copper Mining – Active Mines in Oceania, 2021

Table 19: Global Copper Mining – Active Mines in South and Central America, 2021

Table 20: Global Copper Mining – Exploration Projects in APAC, 2021

Table 21: Global Copper Mining – Exploration Projects in Europe, 2021

Table 22: Global Copper Mining – Exploration Projects in Former Soviet Union, 2021

Table 23: Global Copper Mining – Exploration Projects in Middle East and Africa, 2021

Table 24: Global Copper Mining – Exploration Projects in North America, 2021

Table 25: Global Copper Mining – Exploration Projects in Oceania, 2021

Table 26: Global Copper Mining – Exploration Projects in South and Central America, 2021

Table 27: Global Copper Mining – Development Projects in APAC, 2021

Table 28: Global Copper Mining – Development Projects in Europe, 2021

Table 29: Global Copper Mining – Development Projects in Former Soviet Union, 2021

Table 30: Global Copper Mining – Development Projects in Middle East and Africa, 2021

Table 31: Global Copper Mining – Development Projects in North America, 2021

Table 32: Global Copper Mining – Development Projects in Oceania, 2021

Table 33: Global Copper Mining – Development Projects in South and Central America, 2021

Table 34: Global Copper Mining – Consumption by Country (Thousand Tonnes), 2005–2025

Table 35: Global Copper Mining – Top Exporters of Copper Ores and Concentrates (Thousand Tonnes), 2019–2020

Table 36: Global Copper Mining – Top Importers of Copper Ores and Concentrates (Thousand Tonnes), 2019–2020

Table 37: Global Copper Mining – Glencore Plc, Major Projects, 2021

Table 38: Global Copper Mining – Vedanta Resources Plc, Major Projects, 2021

Table 39: Global Copper Mining – Teck Resources Ltd, Major Projects, 2021

Table 40: Global Copper Mining – Zijin Mining Group Co Ltd, Major Projects, 2021

Table 41: Global Copper Mining – Industrias Penoles, Major Projects, 2021

Table 42: Global Copper Mining – Boliden AB, Major Projects, 2021

Figures

Figure 1: Copper reserves by country (%), 2022

Figure 2: Global copper production (Thousand Tonnes), 2006–2026

Figure 3: Copper production by country (Thousand Tonnes), 2016–2026

Figure 4: Copper mines under construction and expected to commence in 2022 or 2023

Figure 5: Copper production in Chile (Thousand Tonnes), 2006–2026

Figure 6: Copper production in Peru (Thousand Tonnes), 2006–2026

Figure 7: Copper production by major company (thousand tonnes), 2020-2021

Figure 8: Global copper prices, quarterly ($/tonne), 2015 – 2022

Figure 9: Copper mine count by country and stage (%), 2022

Figure 10: Global copper consumption (Thousand Tonnes), 2016–2026

Figure 11: Global copper demand by end use (%), 2021

Figure 12: Construction output value ($ billion), 2016–2026

Figure 13: Electric vehicle production (thousand units), 2016–2036

Figure 14: Top exporters and importers of copper ores and concentrates, 2021

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