Chile Copper Mining to 2030 (2024 Update)

Chile Copper Mining to 2030 (2024 Update)

Chile Copper Mining to 2030 (2024 Update)

Summary

GlobalData's ""Chile Copper Mining to 2030"" 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.

Chile is the world’s largest copper producer. In 2023, it accounted for over 24% of the market globally, but since 2019 production has declined due to a range of factors, with water scarcity across mining regions significantly impacting operations. Additionally, declining ore grades at major mines such as Chuquicamata have presented a challenge, as have rising production costs, labor shortages, and political instability.

However, production in 2024 is expected to rebound. The country’s total copper production is projected to increase by 5%, reaching an estimated 5.5 million tonnes (Mt). A key driver of this growth is the ramp-up of Tech Resources' Quebrada Blanca mine, which is poised to be a major contributor, producing an estimated 252.5 thousand tonnes (kt) of copper in 2024, up from 62.7kt produced in 2023.

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.

Reasons to Buy

• Gain insights into historical and projected copper production, reserves, and global prices.
• Identify the end-use sectors shaping the Chilean copper industry.
• Make informed strategic decisions based on comprehensive data and expert analysis.
• Identify major copper producers and stay ahead of the curve.
• Get details on major active, planned, and exploration projects in Chile.
• To get an in-depth analysis of production obstacles
• Understand the predicted growth in copper production and its drivers
• Gain insights into this major contributor to Chile's copper output.
• Evaluate investment opportunities in the Chilean copper industry.
• Develop effective policies for the mining sector.