According to GlobalData, Chile is the world’s largest producer of copper in 2023, with output up by 3% on 2022. Over the five years to 2022, production from Chile decreased by a CAGR of 2.22% and is expected to rise by a CAGR of 4% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Chile Copper Mining to 2026 report. Buy the report here.
Chile accounts for 24% of global production, with the largest producers being Chile, Peru, the Democratic Republic of the Congo and China. Exports of copper from Chile increased by 2% in 2023 over 2022, with the highest share being exported to China. Chile’s copper exports are expected to grow at a CAGR of 2.05% between 2023 and 2027.
Leading producers of copper in Chile are Corporacion Nacional del Cobre de Chile, BHP, Antofagasta, Anglo American, Rio Tinto and Sumitomo Metal Mining. During 2020-2021, Corporacion Nacional del Cobre de Chile's output was down by 8%, BHP's output increased by 49%, while output from Antofagasta decreased by 10%.
For more detailed analysis of copper in Chile, buy the report here.
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