For investors interested in copper, it’s worth looking at production by country. According to thelatest US Geological Survey data, global copper production reached 23 million metric tons (MT) in 2024. Mining output figures for this article were supplemented with data provided byMining Data Online...
In this graphic, we illustrate global copper production in 2023, based on data from the U.S. Geological Survey, Mineral Commodity Summaries, as of January 2024. Most Copper Comes from South America Chile and Peru account for one-third of the world’s copper output. CountryRegion2023E Product...
The total worldwide copper mine production amounted to an estimated 23 million metric tons in 2024.
Chile has the largest copper reserves in the world, followed by Peru. Both countries combined held copper reserves of 290 million metric tons as of 2024.
Copper is an important basic raw material and a strategic resource. In recent years, China's copper industry has developed rapidly, making the country the world's largest producer and consumer of copper products. In 2024, China topped the world in the production of both refined copper and copp...
Antamina mines, will further contribute to the growth. During the first quarter of 2024, combined production from these mines increased to 280kt from 238.2kt during the same period in 2023. Overall, Peruvian copper mine production increased by 3.6% year-on-year in the first quarter of 2024. ...
there is a desire to retain and develop local talent and to create a situation where in-country higher education becomes the norm. The Kamoa Centre of Excellence will be a world-class facility, develo...
For a number of weeks, market participants have been telling Fastmarkets that strong demand in the US was enough to cause sellers to re-route larger amounts of copper to the country. “We are pushing everything to the US,” a producer source told Fastmarkets, because demand there is...
His comments came as Chile revealed plans for Codelco to take a majority stake in any future lithium production contracts while respecting existing mining leases in the country. The government had previously announced plans to pass a law in Congress to create a state-owned enterprise for...
The Chilean government is being pressured by groups within its society to do more to address inequality. Triggered by the worst social unrest in a generation, the countryreportedly has just elected an assemblythat will place responsibility for writing a new constitution in the hands of the left ...