Copper Ore Mining in China - Industry Market Research Report

Copper Ore Mining in China - Industry Market Research Report

Copper Ore Mining in China

Industry revenue for the Copper Ore Mining industry in China is expected to increase at an annualized 10.4% over the five years through 2022. The industry has performed largely in line with downstream demand for copper products. As copper prices rose, industry revenue increased by 0.9% in 2017, to total $13.6 trillion. Industry revenue decreased by 0.3% in 2018, due to weak downstream demand. In 2020, due to the impact of the COVID-19 pandemic, copper prices skyrocketed along with inflation. As a result, industry revenue growth rate rose at a rate of 23.1%. China is currently heavily investing in the construction of 5G infrastructure in 2022, and encouraging more consumers buy new energy vehicles. These trends are anticipated to drive demand for raw material copper, supporting industry activity. The industry's revenue in 2022 is expected to climb 5.6% to reach $22.3 trillion.

The Copper Ore Mining industry in China is mainly engaged in mining and beneficiating copper ores. Major products include crude copper ores, copper concentrate, copper ore block and sponge copper.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.