Australia Copper Mining to 2030 (2024 Update)

Australia Copper Mining to 2030 (2024 Update)

Summary

GlobalData's Australia Copper Mining to 2030 provides a comprehensive coverage on the Australian copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.

Australia’s copper production is anticipated to decline in 2024 to 765.7 thousand tonnes (kt), down by 4.7% compared to 2023. This decline is primarily due to the closure of Sandfire Resources’ DeGrussa and Monty mines, which together produced 26.3 kt of copper in 2023. Additionally, lower production is expected from key copper mines such as Newmont’s Cadia, Telfer, and Boddington mines, as well as Glencore’s Mount Isa mine, further contributing to the overall decline.

Over the forecast period (2025-2030), copper production in Australia is projected to grow by a compound annual growth rate (CAGR) of 3.6% to reach 942.7kt by the end of 2030, owing to the commencement of several new mines.

Scope

• The report contains an overview of the Australia copper mining industry including key demand driving factors affecting the Australia copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

Reasons to Buy

• To gain an understanding of the Australian copper mining industry, relevant driving factors
• To understand historical and forecast trend on Australian copper production
• To identify key players in the Australian copper mining industry
• To identify major active, exploration and development projects in Australia