According to GlobalData, Russia is the world’s eleventh-largest producer of copper in 2022, with output down by 11.5% on 2021. Over the five years to 2021, production from Russia increased by a CAGR of 3% and is expected to rise by a CAGR of 8% 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.
Russia accounts for 3% of global production, with the largest producers being Chile, Peru, China and the Democratic Republic of the Congo. Exports of copper from Russia declined by 32.12% in 2022 over 2021, with the highest share being exported to China. Russia’s copper exports are expected to grow at a CAGR of 7% between 2022 and 2026.
MMC Norilsk Nickel is one of the leading producers of copper in Russia. In 2021, the company’s output was down by 17% over 2020.
For more detailed analysis of global copper mining, buy the report here.