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Copper - statistics & facts

Copper is a base metal like nickel, zinc, aluminum, lead, etc., and is indispensable for many industries. Total global copper production from mines amounted to an estimated 20 million metric tons in 2019. Major producing countries include Chile, Peru, and China. Chile produces more than one quarter of the world’s copper, and is also by far the country with the largest copper reserves.

Global copper companies

Accordingly, the largest copper mining company worldwide based on production is the Chilean state-owned company Codelco. This company reported copper production figures of 1.7 million metric tons in 2019. The second-largest copper producer worldwide, with approximately 1.37 million metric tons in 2019, was Glencore. Other top mining companies BHP and Freeport closely follow.

United States copper industry

The United States is the fourth largest copper miner in the world. In 2019, U.S. mine production of copper came to an estimated 1.3 million metric tons. The largest copper mines in the U.S. are Morenci in Arizona and Bingham Canyon in Utah. Some 12,000 people are employed in U.S. copper mines and mills. The U.S. depends on imports to meet domestic copper demand. Most U.S. copper imports come from Chile and Canada.

Economic dynamics of the copper industry

Global copper consumption is steadily increasing, and currently stands at some 24.4 million metric tons. Forecasts for global copper demand show the same trend. Copper prices have remained relatively stable over the last decade (on an annual average price basis), reaching a record high in 2011. To meet these developments, the use of copper scrap for recycling purposes is now relatively high. Global production of refined secondary copper stood at approximately four million metric tons as of 2019.

Key figures

The most important key figures provide you with a compact summary of the topic of "Copper" and take you straight to the corresponding statistics.

Companies

Demand and price

United States

Recycling

Interesting statistics

In the following 6 chapters, you will quickly find the 32 most important statistics relating to "Copper".

Copper industry worldwide

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
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Copper - statistics & facts

Copper is a base metal like nickel, zinc, aluminum, lead, etc., and is indispensable for many industries. Total global copper production from mines amounted to an estimated 20 million metric tons in 2019. Major producing countries include Chile, Peru, and China. Chile produces more than one quarter of the world’s copper, and is also by far the country with the largest copper reserves.

Global copper companies

Accordingly, the largest copper mining company worldwide based on production is the Chilean state-owned company Codelco. This company reported copper production figures of 1.7 million metric tons in 2019. The second-largest copper producer worldwide, with approximately 1.37 million metric tons in 2019, was Glencore. Other top mining companies BHP and Freeport closely follow.

United States copper industry

The United States is the fourth largest copper miner in the world. In 2019, U.S. mine production of copper came to an estimated 1.3 million metric tons. The largest copper mines in the U.S. are Morenci in Arizona and Bingham Canyon in Utah. Some 12,000 people are employed in U.S. copper mines and mills. The U.S. depends on imports to meet domestic copper demand. Most U.S. copper imports come from Chile and Canada.

Economic dynamics of the copper industry

Global copper consumption is steadily increasing, and currently stands at some 24.4 million metric tons. Forecasts for global copper demand show the same trend. Copper prices have remained relatively stable over the last decade (on an annual average price basis), reaching a record high in 2011. To meet these developments, the use of copper scrap for recycling purposes is now relatively high. Global production of refined secondary copper stood at approximately four million metric tons as of 2019.

Interesting statistics

In the following 6 chapters, you will quickly find the 32 most important statistics relating to "Copper".

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