Copper Mining Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	182 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224201

Best Price Guarantee
Price	from $4,850
Length	182 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224201

Copper Mining Market

Growth Factors of Copper Mining Market

The copper mining market size was valued at USD 8.87 billion in 2023, and the market is now projected to grow from USD 9.26 billion in 2024 to USD 11.86 billion by 2032, exhibiting a CAGR of 3.13% during the forecast period of 2024-2032.

Pandemic impacted copper mining market growth, inflicting delays in mining projects and postponements of infrastructure. The economic weakness of industries, particularly in China, hampered copper demand and supply chains, leading to a worldwide shutdown of import and export.

The copper enterprise is driven with the resource of the demand for copper in construction, infrastructure improvement, electric powered and electronics, transportation, and production sectors. The growing population, urbanization, and industrialization in growing international locations have additionally elevated copper demand. The average economies of countries and areas notably impact the mining enterprise, as infrastructure tasks rely on copper for electrical wiring, plumbing, and construction grades. Global subtle copper manufacturing accelerated by means of 1% from 24.5 million tons in 2020 to 24.9 million lots in 2021.

Government rules, regulations, and taxation frameworks substantially have an effect on the mining enterprise, especially copper. Infrastructure improvement, fast urbanization, and the adoption of renewable strength and electric vehicles (EVs) are driving increased copper intake. Government projects and rules selling infrastructure development can improve the copper mining marketplace, in particular in smart metropolis projects.

Comprehensive Analysis of Copper Mining Market

The copper mining marketplace is segmented into open-pit and underground mining primarily based on the process. Open pit mining involves disposing of the pinnacle layer of the floor to get right of entry to the minerals beneath, consisting of copper. It includes digging stepbenches deeper into the earth, the use of blunt machines to bore holes, and blasting and fractured rock to dispose of ore. Underground mining is used while copper ore isn't near the earth's floor. The market is segmented based totally on grade, with the copper-based phase maintaining a dominant international percentage due to the adoption of copper-primarily based supportive system and equipment. The demand for copper mining is expected to develop due to the increasing demand for wires and cables from the construction enterprise. Adventus Mining Corporation decided on Peruvian mining contractor STRACON-RIPCONCIV for a copper-gold mission open pit mining settlement in Ecuador in November 2022.

The Latin America region lead the copper mining market share by benefitting a market size of USD 3.86 billion in 2023 due to its sizable copper mines, with Chile being the world's biggest producer and exporter. Peru is another important producer, with Antamina, Tocquepala, and Las Bambas mines contributing drastically to the united states's copper manufacturing. Collaboration techniques amongst groups, together with Codelco and Anglo American, are boosting production sports in the place.

The global marketplace is fragmented, with diverse players. Key businesses consist of BHP Billiton Ltd., Glencore International AG, Freeport-McMoRan Inc., Zijin, First Quantum, Southern Copper Corp. and KGHM.

KGHM, a leading worldwide silver producer, has maintained its role as the world's largest silver mine inside the World Silver Survey 2023, with sixteen% of its sales generated from silver sales.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 3.13% from 2024 to 2032

Unit Value (USD Billion), Volume (Thousand MT)

Segmentation By Process

Open-pit Mining
Underground Mining

By Grade

Below 0.5%
0.5%-1.0%
1.0%-1.5%
Above 1.5%

By Region

North America (By Process, By Grade, and by Country)
U.S.
Canada
Europe (By Process, By Grade, and by Country)
Russia
Poland
Rest of Europe
Asia Pacific (By Process, By Grade, and by Country)
Australia
China
Indonesia
Kazakhastan
Rest of Asia Pacific
Latin America (By Process, By Grade, and by Country)
Chile
Peru
Mexico
Rest of Latin America
Middle East & Africa (By Process, By Grade, and by Country)
Republic of Congo
Zambia
Rest of Middle East & Africa

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Countries; 4.2. Latest Technological Advancement; 4.3. Insight on Regulatory Landscape; 4.4. Porters Five Forces Analysis; 4.5. Impact of COVID-19 on the Copper Mining Market
5. Global Copper Mining Market (USD Billion, Thousand MT) Analysis, Insights, and Forecast, 2019-2032: 5.1. Key Findings; 5.2. Market Analysis, Insights and Forecast – By Process; 5.2.1. Open-pit Mining; 5.2.2. Underground Mining; 5.3. Market Analysis, Insights and Forecast – By Grade; 5.3.1. Below 0.5%; 5.3.2. 0.5%-1.0%; 5.3.3. 1.0%-1.5%; 5.3.4. Above 1.5%; 5.4. Market Analysis, Insights and Forecast – By Region; 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Latin America; 5.4.5. Middle East & Africa
6. North America Copper Mining Market (USD Billion, Thousand MT) Analysis, Insights, and Forecast, 2019-2032: 6.1. Key Findings; 6.2. Market Analysis, Insights and Forecast – By Process; 6.2.1. Open-pit Mining; 6.2.2. Underground Mining; 6.3. Market Analysis, Insights and Forecast – By Grade; 6.3.1. Below 0.5%; 6.3.2. 0.5%-1.0%; 6.3.3. 1.0%-1.5%; 6.3.4. Above 1.5%; 6.4. Market Analysis, Insights and Forecast – By Country; 6.4.1. US; 6.4.2. Canada
7. Europe Copper Mining Market (USD Billion, Thousand MT) Analysis, Insights, and Forecast, 2019-2032: 7.1. Key Findings; 7.2. Market Analysis, Insights and Forecast – By Process; 7.2.1. Open-pit Mining; 7.2.2. Underground Mining; 7.3. Market Analysis, Insights and Forecast – By Grade; 7.3.1. Below 0.5%; 7.3.2. 0.5%-1.0%; 7.3.3. 1.0%-1.5%; 7.3.4. Above 1.5%; 7.4. Market Analysis, Insights and Forecast – By Country; 7.4.1. Russia; 7.4.2. Poland; 7.4.3. Rest of Europe
8. Asia Pacific Copper Mining Market (USD Billion, Thousand MT) Analysis, Insights, and Forecast, 2019-2032: 8.1. Key Findings; 8.2. Market Analysis, Insights and Forecast – By Process; 8.2.1. Open-pit Mining; 8.2.2. Underground Mining; 8.3. Market Analysis, Insights and Forecast – By Grade; 8.3.1. Below 0.5%; 8.3.2. 0.5%-1.0%; 8.3.3. 1.0%-1.5%; 8.3.4. Above 1.5%; 8.4. Market Analysis, Insights and Forecast – By Country; 8.4.1. Australia; 8.4.2. China; 8.4.3. Indonesia; 8.4.4. Kazakhstan; 8.4.5. Rest of Asia Pacific
9. Latin America Copper Mining Market (USD Billion, Thousand MT) Analysis, Insights, and Forecast, 2019-2032: 9.1. Key Findings; 9.2. Market Analysis, Insights and Forecast – By Process; 9.2.1. Open-pit Mining; 9.2.2. Underground Mining; 9.3. Market Analysis, Insights and Forecast – By Grade; 9.3.1. Below 0.5%; 9.3.2. 0.5%-1.0%; 9.3.3. 1.0%-1.5%; 9.3.4. Above 1.5%; 9.4. Market Analysis, Insights and Forecast – By Country; 9.4.1. Chile; 9.4.2. Peru; 9.4.3. Mexico; 9.4.4. Rest of Latin America
10. Middle East & Africa Copper Mining Market (USD Billion, Thousand MT) Analysis, Insights, and Forecast, 2019-2032: 10.1. Key Findings; 10.2. Market Analysis, Insights and Forecast – By Process; 10.2.1. Open-pit Mining; 10.2.2. Underground Mining; 10.3. Market Analysis, Insights and Forecast – By Grade; 10.3.1. Below 0.5%; 10.3.2. 0.5%-1.0%; 10.3.3. 1.0%-1.5%; 10.3.4. Above 1.5%; 10.4. Market Analysis, Insights and Forecast – By Country; 10.4.1. Republic of Congo; 10.4.2. Zambia; 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis: 11.1. Company Market Share Analysis, 2023; 11.2. Company Profile; 11.2.1. Codelco; 11.2.1.1. Business Overview; 11.2.1.2. Product Application, & Services; 11.2.1.3. Recent Developments; 11.2.1.4. Financials (Based on Availability); 11.2.2. Freeport-McMoRan Inc.; 11.2.2.1. Business Overview; 11.2.2.2. Product Application, & Services; 11.2.2.3. Recent Developments; 11.2.2.4. Financials (Based on Availability); 11.2.3. BHP Billiton Ltd.; 11.2.3.1. Business Overview; 11.2.3.2. Product Application, & Services; 11.2.3.3. Recent Developments; 11.2.3.4. Financials (Based on Availability); 11.2.4. Glencore International AG; 11.2.4.1. Business Overview; 11.2.4.2. Product Application, & Services; 11.2.4.3. Recent Developments; 11.2.4.4. Financials (Based on Availability); 11.2.5. Southern Copper Corp; 11.2.5.1. Business Overview; 11.2.5.2. Product Application, & Services; 11.2.5.3. Recent Developments; 11.2.5.4. Financials (Based on Availability); 11.2.6. Zijin; 11.2.6.1. Business Overview; 11.2.6.2. Product Application, & Services; 11.2.6.3. Recent Developments; 11.2.6.4. Financials (Based on Availability); 11.2.7. First Quantum; 11.2.7.1. Business Overview; 11.2.7.2. Product Application, & Services; 11.2.7.3. Recent Developments; 11.2.7.4. Financials (Based on Availability); 11.2.8. KGHM; 11.2.8.1. Business Overview; 11.2.8.2. Product Application, & Services; 11.2.8.3. Recent Developments; 11.2.8.4. Financials (Based on Availability); 11.2.9. Rio Tinto; 11.2.9.1. Business Overview; 11.2.9.2. Product Application, & Services; 11.2.9.3. Recent Developments; 11.2.9.4. Financials (Based on Availability); 11.2.10. Anglo American; 11.2.10.1. Business Overview; 11.2.10.2. Product Application, & Services; 11.2.10.3. Recent Developments; 11.2.10.4. Financials (Based on Availability)