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.