According to GlobalData, the US is the world’s fifth-largest producer of copper in 2022, with output 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 largest producers being Chile, Peru, China and the Democratic Republic of the Congo. Exports of copper from the US increased by 2% 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.
Leading producers of copper in the US are Freeport-McMoRan, Sumitomo Metal Mining, Grupo Mexico, Rio Tinto, Lundin Mining and Newmont. During 2020-2021, Freeport-McMoRan's output was up by 20%, Sumitomo Metal Mining's output increased by 11%, while output from Grupo Mexico decreased by 4%.
For more detailed analysis of copper in the US, buy the report here.