According to GlobalData, Spain is the world’s fifteenth-largest producer of copper, with output of 118kt in 2022, down by 17.64% on 2021. Over the five years to 2021, production from Spain decreased by a CAGR of 6.52% and is expected to rise by a CAGR of 2% 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.
Spain accounts for 0.55% 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 Spain declined by 17.21% to 521kt in 2022 over 2021, with the highest share being exported to China. Spain’s copper exports are expected to grow at a CAGR of 2% between 2022 and 2026, to 556kt by 2026.
First Quantum Minerals is one of the leading producers of copper in Spain. First Quantum Minerals's output was 61.82kt in 2021, up by 5% on 2020.
For more detailed analysis of global copper mining, buy the report here.