According to GlobalData, Mexico is the world’s eleventh-largest producer of copper in 2023, with output up by 0.06% on 2022. Over the five years to 2022, production from Mexico increased by a CAGR of 0.1% 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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Mexico accounts for 3% of global production, with the largest producers being Chile, Peru, the Democratic Republic of the Congo and China. Exports of copper from Mexico remained flat by 0.05% in 2023 over 2022, with the highest share being exported to China. Mexico’s copper exports are expected to grow at a CAGR of 2.44% between 2023 and 2027.
Leading producers of copper in Mexico are Grupo Mexico, Minera Frisco and Industrias Penoles. During 2020-2021, Grupo Mexico's output was down by 7%, Minera Frisco's output increased by 11%, while output from Industrias Penoles increased by 8%.
For more detailed analysis of global copper mining, buy the report here.
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