According to GlobalData, Australia is the world’s eighth-largest producer of silver in 2023, with output down by 8.72% on 2022. Over the five years to 2022, production from Australia decreased by a CAGR of 1.74% 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 Global Silver Mining to 2030 report. Buy the report here.
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Australia accounts for 4% of global production, with the largest producers being Mexico, China, Peru and Chile.
Leading producers of silver in Australia are South32, Glencore, BHP and Evolution Mining. During 2020-2021, South32's output was down by 14%, Glencore's output decreased by 25%, while output from BHP increased by 4%.
For more detailed analysis of global silver mining, buy the report here.
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