According to GlobalData, Peru is the world’s second-largest producer of copper in 2022, with output 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 largest producers being Chile, China, the Democratic Republic of the Congo and the US. Exports of copper from Peru increased by 3% 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.
Leading producers of copper in Peru are Freeport-McMoRan, Grupo Mexico, Glencore, China Minmetals, BHP and Sumitomo Metal Mining. During 2020-2021, Freeport-McMoRan's output was up by 20%, Grupo Mexico's output decreased by 4%, while output from Glencore decreased by 5%.
For more detailed analysis of copper in Peru, buy the report here.