According to GlobalData, Australia is the world’s seventh-largest producer of copper, with output of 813kt in 2022, down by 0.59% on 2021. Over the five years to 2021, production from Australia decreased by a CAGR of 0.94% and is expected to rise by a CAGR of 1% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2026 report. Buy the report here.
Australia accounts for 4% of global production, with the other largest producers being Chile (25%), Peru (11%), China (9%) and the Democratic Republic of the Congo (9%). Exports of copper from Australia increased by 6% to 1,826kt in 2022 over 2021, with the highest share being exported to the Republic of Korea. Australia’s copper exports are expected to grow at a CAGR of 11% between 2022 and 2026, to 2,819kt by 2026.
Leading producers of copper in Australia are Glencore, BHP, Newcrest Mining, CMOC Group, Newmont and Sumitomo Metal Mining. Glencore's output was 194.89kt in 2021, down by 5% on 2020. BHP produced 148.51kt, a decrease of 6%, and output from Newcrest Mining was 102.30kt, a decrease of 14% on the previous year.
For more detailed analysis of global copper mining, buy the report here.