Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026

Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026

Summary

GlobalData's Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026 provides a comprehensive coverage on the Chilean 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.

Chilean copper mine production declined for the third consecutive year, to reach 5,624.9 thousand tonnes (kt) in 2021 –down by a marginal 1.9% over the previous year. This was mostly due to lower production from the country’s largest copper producing mines, including Escondida, Spence, El Teniente and Los Pelambres.

Over the forecast period (2022–2026), Chilean copper production is expected to grow at a compound annual growth rate (CAGR) of 2.2%, to reach 6,432.1kt by 2026, supported by the commencement of new projects such as Quebrada Blanca Phase 2, Esperanza Sur Pit, Andes Norte, Los Pelambres Expansion and Santo Domingo projects. Potentially impacting growth, the Chilean government introduced a new royalty bill effective 2022. As per the new bill, projects producing less than 200kt copper annually will have to pay a 1% tax on gross sales, else a tax rate of 1–3% will be applicable. As a result, the country's copper miners’ cash costs will rise, while expansion and development plans will be reassessed along with some impact on investments in the short-term.

Scope

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

• Comprehensive evaluation of the impact of COVID-19 on Chilean copper industry
• To gain an understanding of the Chilean copper mining industry, relevant driving factors
• To understand historical and forecast trend on Chiliean copper production
• To identify key players in the Chilean copper mining industry
• To identify major active, exploration and development projects in Chile