PUBLISHER: GlobalData | PRODUCT CODE: 1372620
PUBLISHER: GlobalData | PRODUCT CODE: 1372620
GlobalData's "Copper Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030" provides a comprehensive coverage on the global copper industry. It provides historical and forecast data on copper production by country, production by company, reserves by country, 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, information on the major active, planned and exploration projects.
After an estimated 1.0% growth in 2022, copper production is expected to increase by 4.8% to 22.6Mt in 2023. The DRC, Peru and Chile will be the key contributors to the growth in global supply in 2023. Combined output from these countries is expected to increase from 9.8Mt in 2022 to 10.5Mt in 2023 - an 6.3% increase. Global copper production is expected to increase at a CAGR of 2.5% over the forecast period to reach 27.2Mt in 2030.
After an estimated 3.8% growth in 2022, global copper consumption is further expected to grow by 2.4% in 2023 to reach 26.6Mt, owing primarily due to the strong demand from China, which alone accounts for more than half of total global copper consumption.