According to GlobalData, Peru is the world’s second-largest producer of copper, with output of 2,365kt in 2022, up by 3% on 2021. Over the five years to 2021, production from Peru decreased by a CAGR of 1.53% and is expected to rise by a CAGR of 6% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Peru Copper Mining to 2026 report. Buy the report here.
Peru accounts for 11% of global production, with the other largest producers being Chile (25%), China (9%), the Democratic Republic of the Congo (9%) and the US (6%). Exports of copper from Peru increased by 3% to 6,820kt in 2022 over 2021, with the highest share being exported to China. Peru’s copper exports are expected to grow at a CAGR of 5% between 2022 and 2026, to 8,448kt by 2026.
Leading producers of copper in Peru are Freeport-McMoRan, Grupo Mexico, Glencore, China Minmetals, BHP and Sumitomo Metal Mining. Freeport-McMoRan's output was 538.46kt in 2021, up by 20% on 2020. Grupo Mexico produced 424.69kt, a decrease of 4%, and output from Glencore was 289.53kt, a decrease of 5% on the previous year.
For more detailed analysis of copper in Peru, 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.
