According to GlobalData, Chile is the world’s largest producer of copper in 2022, with output down by 4.29% on 2021. Over the five years to 2021, production from Chile increased by a CAGR of 0.55% and is expected to rise by a CAGR of 2% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Chile Copper Mining to 2026 report. Buy the report here.
Chile accounts for 25% of global production, with the other largest producers being Peru, China, the Democratic Republic of the Congo and the US. Exports of copper from Chile declined by 2.89% in 2022 over 2021, with the highest share being exported to China. Chile’s copper exports are expected to grow at a CAGR of 1% between 2022 and 2026.
Leading producers of copper in Chile are Corporacion Nacional del Cobre de Chile, BHP, Antofagasta, Anglo American, Rio Tinto and Glencore. During 2020-2021, Corporacion Nacional del Cobre de Chile's output was down by 2%, BHP's output decreased by 6%, while output from Antofagasta decreased by 2%.
For more detailed analysis of copper in Chile, buy the report here.