According to GlobalData, Mexico is the world’s ninth-largest producer of copper, with output of 759kt in 2022, up by 3% on 2021. Over the five years to 2021, production from Mexico decreased by a CAGR of 0.17% and is expected to rise by a CAGR of 4% 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.
Mexico accounts for 4% 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 Mexico increased by 21% to 1,878kt in 2022 over 2021, with the highest share being exported to China. Mexico’s copper exports are expected to grow at a CAGR of 4% between 2022 and 2026, to 2,169kt by 2026.
Leading producers of copper in Mexico are Grupo Mexico, Minera Frisco and Industrias Penoles. Grupo Mexico's output was 498.78kt in 2021, down by 4% on 2020. Minera Frisco produced 26.01kt, a decrease of 0.88%, and output from Industrias Penoles was 14.35kt, a decrease of 33% on the previous year.
For more detailed analysis of global copper mining, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
