According to GlobalData, the US is the world’s fifth-largest producer of copper, with output of 1,253kt in 2022, up by 2% on 2021. Over the five years to 2021, production from the US decreased by a CAGR of 0.6% and is expected to rise by a CAGR of 4% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its US Copper Mining to 2026 report. Buy the report here.
The US accounts for 6% 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 the US increased by 2% to 367kt in 2022 over 2021, with the highest share being exported to Mexico. the US’s copper exports are expected to grow at a CAGR of 4% between 2022 and 2026, to 427kt by 2026.
Leading producers of copper in the US are Freeport-McMoRan, Sumitomo Metal Mining, Grupo Mexico, Rio Tinto, Lundin Mining and Newmont. Freeport-McMoRan's output was 782.19kt in 2021, up by 20% on 2020. Sumitomo Metal Mining produced 197.01kt, an increase of 11%, and output from Grupo Mexico was 161.33kt, a decrease of 4% on the previous year.
For more detailed analysis of copper in the US, 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.
