Global Copper Concentrate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Copper Concentrate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Copper concentrate is a concentrate in which the copper-containing raw ore has been processed to a certain quality index through the beneficiation process. Copper concentrates typically contain 25% to 30% copper and are the crushed, ground, and concentrated product of copper-bearing raw ore.

Market Overview:

The latest research study on the global Copper Concentrate market finds that the global Copper Concentrate market reached a value of USD 51331.61 million in 2022. It’s expected that the market will achieve USD 63991.86 million by 2028, exhibiting a CAGR of 3.74% during the forecast period.

Supply

Mine end: The epidemic has restricted the production and expansion of mine deposits in 2020 and 2021. The copper mine output in the 22/23 plan will increase a lot, but there are still many disturbing factors. It is expected that the growth rate of copper concentrate supply in 22/23 will be slightly faster than in recent years, but it is necessary to continue to pay attention to the disturbance situation.

Smelting end: Under the dual influence of the continuous launch of global copper concentrate smelting capacity + the recovery of smelter profit margins and the increase in operating rate, it is expected that the growth rate of supply at the smelting end in 22/23 will be significantly higher than in recent years.

Demand

Constrained by the decline in global economic growth, the growth of global demand for copper concentrate is limited, and it is expected that the demand in 22-23 will be flat compared with 21 years. It is expected that green energy represented by new energy vehicles, photovoltaics, and wind power will become the core driving force for the growth of copper concentrate demand.

Supply and Demand Balance

Short-term: Considering a series of disturbance factors, although the supply of copper mines in 22 years is looser than that in 21 years, it is still hard to say that there is a surplus. In 2022, the tightness of copper concentrate supply has been alleviated to a certain extent compared with 21 years, but it is still in a state of shortage; the fundamentals of supply and demand provide strong support for copper prices in 22 years.

Mid-term: The demand in the downstream new energy field continues to grow rapidly, and the low budgetary expenditure of copper concentrate enterprises in the early stage will lead to a decline in the growth rate of copper concentrate in the medium term. surface support.

Region Overview:

In 2022, the share of the Copper Concentrate market in Latin America stood at 39.97%.

Company Overview:

Southern Copper Corporation is one of the major players operating in the Copper Concentrate market, holding a share of 18.45% in 2023.

Segmentation Overview:

By type, Porphyry Copper Deposit segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Electrical Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Copper Concentrate market covered in Chapter 3:

BHP Billiton
Antofagasta
Anglo American
Yunnan Copper Industry
Zijin Mining Group Company Limited
Jinchuan Group
Aeris Resources
Jiangxi Copper Corporation
First Quantum Minerals Ltd.
Southern Copper Corporation
Freeport McMoRan
Glencore
Vale
Codelco
Tongling Nonferrous Metals Group
Boliden Group
Russian Copper Company
Daye Nonferrous Metals Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Copper Concentrate market from 2018 to 2029 is primarily split into:

Porphyry Copper Deposit
Sand Shale-Type Copper Deposit
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Copper Concentrate market from 2018 to 2029 covers:

Electrical Industry
Mechanical Industry
Chemical Industry
Military and Defense
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)