According to GlobalData, Chile is the world’s largest producer of copper, with output of 5,384kt in 2022, 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 (11%), China (9%), the Democratic Republic of the Congo (9%) and the US (6%). Exports of copper from Chile declined by 2.89% to 12,535kt 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, to 13,300kt by 2026.
Leading producers of copper in Chile are Corporacion Nacional del Cobre de Chile, BHP, Antofagasta, Anglo American, Rio Tinto and Glencore. Corporacion Nacional del Cobre de Chile's output was 1,690kt in 2021, down by 2% on 2020. BHP produced 833.18kt, a decrease of 6%, and output from Antofagasta was 721.40kt, a decrease of 2% on the previous year.
For more detailed analysis of copper in Chile, buy the report here.