According to GlobalData, the US is the world’s fifth-largest producer of copper in 2023, with output up by 0.39% on 2022. Over the five years to 2022, production from the US increased by a CAGR of 0.56% and is expected to rise by a CAGR of 3% between 2023 and 2027. 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, the Democratic Republic of the Congo and China. Exports of copper from the US remained flat by 0.37% in 2023 over 2022, with the highest share being exported to Mexico. The US’s copper exports are expected to grow at a CAGR of 2.97% between 2023 and 2027.
Leading producers of copper in the US are Freeport-McMoRan, Rio Tinto, Grupo Mexico, Sumitomo Metal Mining and Lundin Mining. During 2020-2021, Freeport-McMoRan's output was up by 10%, Rio Tinto's output increased by 6%, while output from Grupo Mexico decreased by 7%.
For more detailed analysis of copper in the US, buy the report here.
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