According to GlobalData, Brazil is the world’s fourteenth-largest producer of copper in 2023, with output up by 15% on 2022. Over the five years to 2022, production from Brazil decreased by a CAGR of 7.33% and is expected to rise by a CAGR of 3% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2030 report. Buy the report here.
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Brazil accounts for 1% of global production, with the largest producers being Chile, Peru, the Democratic Republic of the Congo and China. Exports of copper from Brazil increased by 15% in 2023 over 2022, with the highest share being exported to Germany. Brazil’s copper exports are expected to grow at a CAGR of 2.84% between 2023 and 2027.
Leading producers of copper in Brazil are Vale and Lundin Mining. During 2020-2021, Vale's output was down by 15%, Lundin Mining's output decreased by 5%.
For more detailed analysis of global copper mining, buy the report here.
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