United States of America (USA) Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026
The US copper mining production was 1,230 thousand tonnes (kt) in 2021. The market is expected to grow at a CAGR of more than 7% during the forecast period. The sector’s output is mainly supported by a strong performance from the country’s major producers like Freeport-McMoRan Inc and Rio Tinto.
According to the US Geological Survey (USGS), the country has the world’s sixth-largest copper reserves. The Bagdad, Morenci, Sierrita, and Lone Star copper mines are some of the largest mines in the country in terms of metal reserves.
US Copper Mining Market Overview
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What are the market dynamics in the US copper mining market?
The US is the world’s second-largest copper-consuming country, after China. In 2021, the country’s copper consumption growth was primarily supported by the country’s construction industry from where the largest share of copper demand comes.
The US federal and state bodies have separate roles and responsibilities for resource exploration and development. Mineral resources, for example, are owned by the state or federal governments, rather than private individuals. The Department of the Interior; Office of Surface Mining Reclamation and Enforcement; Mine Safety and Health Administration; and the Environmental Protection Agency are the main governing bodies. Mining Law 1972, and the Surface Mining Reclamation and Enforcement Act (SMRCA) are the apex laws.
Which are the key active mines in the US copper mining market?
Some of the key active mines in the US copper mining market are Morenci Mine, Kennecott Copper Project, Bagdad Mine, Sierrita Mine, Safford Mine, Mission Mine, Pinto Valley Mine, Robinson Mine, Chino Mine, Ray Mine, Tyrone Mine, Silver Bell Mine, Eagle Mine, Lisbon Valley Project, and Miami Mine.
Which are the major copper producers in the US copper mining market?
The major copper producers in the US copper mining market are Freeport-McMoRan Inc, Rio Tinto, and Grupo Mexico SAB de CV.
Freeport-McMoRan Inc
Freeport-McMoRan Inc (FCX) is a metals and mining company that carries out the production of gold, copper, cobalt, silver, molybdenum, and oil and natural gas. Its portfolio of products includes specialty copper, continuous cast copper rods, copper cathodes, copper concentrates, copper electrode, bare wires, and other refined copper products. The company operates mines in North America, South America, and Indonesia.
Rio Tinto
Rio Tinto is an international metals and mining company that carries out the mining, exploration, and processing of various mineral resources. It supplies a range of minerals and metals, including aluminum, diamonds, uranium, copper, gold, and iron ore. Rio Tinto also supplies industrial minerals such as borax, titanium dioxide, and salt. The company operates port and rail facilities, smelters, refineries, processing plants, and shipping, commercial, and research facilities.
Grupo Mexico SAB de CV
Grupo Mexico SAB de CV (Grupo Mexico) is a holding company. It carries out the mining, multimodal freight railroad service, and infrastructure development. It also carries out the exploration and processing of metallic and non-metallic minerals such as copper, zinc, lead, gold, silver, and molybdenum. The company also provides services such as construction, engineering, procurement, project management, integral project engineering activities, and infrastructure construction.
Market Report Scope
| Market size (2021) | 1,230 kt |
| CAGR | >7% |
| Forecast period | 2022-2026 |
| Key active mines | Morenci Mine, Kennecott Copper Project, Bagdad Mine, Sierrita Mine, Safford Mine, Mission Mine, Pinto Valley Mine, Robinson Mine, Chino Mine, Ray Mine, Tyrone Mine, Silver Bell Mine, Eagle Mine, Lisbon Valley Project, and Miami Mine |
| Major copper producers | Freeport-McMoRan Inc, Rio Tinto, and Grupo Mexico SAB de CV |
Scope
- The report contains an overview of the US copper mining industry including key demand driving factors affecting the US copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, and major exploration, and development projects.
Reasons to Buy
- A comprehensive evaluation of the impact of COVID-19 on the US copper industry
- To gain an understanding of the US’ copper mining industry, relevant driving factors
- To understand historical and forecast trends in US copper production
- To identify key players in the US’ copper mining industry
- To identify major active, exploration and development projects in the US
Key Players
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The copper mining market size in the US was 1,230 kt in 2021.
The copper mining market in the US is expected to grow at a CAGR of more than 7% during the forecast period.
Some of the key active mines in the US copper mining market are Morenci Mine, Kennecott Copper Project, Bagdad Mine, Sierrita Mine, Safford Mine, Mission Mine, Pinto Valley Mine, Robinson Mine, Chino Mine, Ray Mine, Tyrone Mine, Silver Bell Mine, Eagle Mine, Lisbon Valley Project, and Miami Mine.
The major copper producers in the US copper mining market are Freeport-McMoRan Inc, Rio Tinto, and Grupo Mexico SAB de CV.
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