According to GlobalData, Canada is the world’s twelfth-largest producer of copper, with output of 530kt in 2022, down by 3.79% on 2021. Over the five years to 2021, production from Canada decreased by a CAGR of 2.02% and is expected to rise by a CAGR of 3% 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.
Canada accounts for 2% 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 Canada declined by 2.29% to 397kt in 2022 over 2021, with the highest share being exported to China. Canada’s copper exports are expected to grow at a CAGR of 2% between 2022 and 2026, to 426kt by 2026.
Leading producers of copper in Canada are Teck Resources, Vale, Glencore, Taseko Mines, Centerra Gold and Newcrest Mining. Teck Resources's output was 124.99kt in 2021, up by 4% on 2020. Vale produced 94.40kt, a decrease of 18%, and output from Glencore was 60.34kt, a decrease of 5% on the previous year.
For more detailed analysis of global copper mining, buy the report here.