According to GlobalData, Brazil is the world’s fourteenth-largest producer of copper, with output of 300kt in 2022, down by 10.71% on 2021. Over the five years to 2021, production from Brazil decreased by a CAGR of 3.33% and is expected to rise by a CAGR of 5% 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.
Brazil accounts for 1% 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 Brazil declined by 10.67% to 1,059kt in 2022 over 2021, with the highest share being exported to Germany. Brazil’s copper exports are expected to grow at a CAGR of 5% between 2022 and 2026, to 1,277kt by 2026.
Leading producers of copper in Brazil are Vale and Lundin Mining. Vale's output was 202.30kt in 2021, down by 18% on 2020. Lundin Mining produced 38.92kt, an increase of 14% on the previous year.
For more detailed analysis of global copper mining, buy the report here.