Chile – 62 Million Metric Tonnes
- Chile remains the world’s leading copper producer, achieving an output of 5.62 million metric tonnes in 2024.
- Chile boasts reserves of approximately 200 million metric tonnes and hosts three of the largest copper mines globally.
- The Escondida mine, primarily owned by BHP Group Limited, stands out as the largest contributor to global copper production, accounting for 7% in 2023.
- Chile contributes 23% to the world’s total copper production.
- Despite a 1.9% decrease in copper production in 2021, industry analysts anticipate a further 4.8% decline in 2022.
- However, forecasts indicate a promising outlook, with a projected Compound Annual Growth Rate (CAGR) of 2.2% between 2022 and 2026.
- This forecast predicts Chile’s copper production to reach an impressive 6.4 million metric tonnes by the end of the projection period.
Read More: What is the Capital of Chile?
Top 10 Copper Producing Countries
According to the International Trade Administration, Chile is the world’s major copper-producing country accounts around 24% of global production. Peru holds the second position which is responsible for 10% of global copper production. According to the USGS, around 65% of the world’s identified copper is stored in five countries i.e. Chile, Australia, Peru, Mexico, and the United States.
In this article, we are going to discuss the Top 10 Copper Producing Countries in the world.
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