According to GlobalData, Peru is the world’s second-largest producer of copper in 2023, with output up by 9% on 2022. Over the five years to 2022, production from Peru increased by a CAGR of 0.02% and is expected to rise by a CAGR of 2% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Peru Copper Mining to 2026 report. Buy the report here.
Peru accounts for 12% of global production, with the largest producers being Chile, Peru, the Democratic Republic of the Congo and China. Exports of copper from Peru declined by 0.5% in 2023 over 2022, with the highest share being exported to China. Peru’s copper exports are expected to grow at a CAGR of 2.09% between 2023 and 2027.
Leading producers of copper in Peru are Freeport-McMoRan, Grupo Mexico, Glencore, China Minmetals, BHP and Teck Resources. During 2020-2021, Freeport-McMoRan's output was up by 10%, Grupo Mexico's output decreased by 7%, while output from Glencore decreased by 12%.
For more detailed analysis of copper in Peru, buy the report here.
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