to incorporate the statistic into your presentation at any time. With these changes came new designs. Peruvian copper production was down year-on-year, slipping 100,000 MT from 2021's total of 2.3 million MT as political unrest in the country and protests at mines continued to affect. The penny was one of the first coins made by the U.S. Mint after its establishment in 1792. One of the biggest copper mines in Mexico is Grupo Mexicos (BMV:GMEXICOB) Buenavista del Cobre operation in Sonora, which is by far the countrys largest copper-producing state. U.S. production of 12 mineral commodities was valued at more than $1 billion each in 2020. This would fit into a cube measuring 680 meters on a side. While copper is produced around the globe, production is largely localized to select regions, specifically Latin America; in 2020, Latin America accounted for 41% of global copper mine production. The majority of its copper production takes place in the Copper Belt of the southern Katanga Province. The shield on the reverse (tails) represents Lincolns preservation of the United States as a single country. Canada's copper exports of copper and copper-based products was valued at $9.9 billion in 2021. Please do not hesitate to contact me. Over the past decade, the total global copper reserves have increased from 630 million metric tons in 2010 to 880 million metric tons as of 2021. You need at least a Starter Account to use this feature. In, US Geological Survey. We are happy to help. [Online]. The ideal entry-level account for individual users. Find your information in our database containing over 20,000 reports, Copper prices have remained relatively stable, Global production of refined secondary copper. Coal-fired power at an industrial-scale was the first to emerge in Europe and North America during the 1700s. By 2014, China accounted for about 49 percent of world copper consumption. XLSX Format: Also worth noting is Queenslands Mount Isa complex, run by a subsidiary of Glencore. How much E-Waste is Produced Each Year? In 2019, the West Point Mint made special. In the second half of the 20th century we see a significant rise in emissions in the rest of the world, particularly across Asia, and most notably, China. According to CRU Groups Robert Edwards, "(The DRC) now accounts for 11 percent of global mine output, and there are lots of projects in the pipeline in the country that are due to come onstream in 2024 and 2025.. There is evidence that copper was used from early times, a piece of copper tubing used 5000 years ago was unearthed by archaeologists from the Pyramid of Cheops in Egypt. Business Solutions including all features. Your trusted source for investing success, Top 10 Copper Producers by Country (Updated 2023), Forward Water Technologies Announces Completion of Technology License with FUJIFILM Corporation, Copper Prices Could See "Astronomical Rise" as Supply Concerns Increase, What to Know About Copper Investing (FCX, FM.TO) , Copper Reserves: Top 5 Countries (Updated 2023), Top 10 Copper-producing Companies (Updated 2023), What Factors Affect Copper Supply and Demand? Reston, VA 20192 The estimated value of U.S. productionof industrialmineralsin 2020was $54.6billion, about4%lessthanthat of2019. This information is essential in planning for and mitigating impacts of potential disruptions tomineral commodity supply due to both natural hazardsand man-made events. Copper is usually found in nature in association with sulfur. Get in touch with us. According to reporting by Mining Magazine, a group of Chinese copper producers, including Zijin Mining, Jiangxi Copper (OTC Pink:JIAXF,HKEX:0358) and Tongling Nonferrous Metals Group (SZSE:000630), are calling on the Chinese government to increase activities all along the copper supply chain, from copper exploration to new copper mines and more overseas smelters. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In 2020, 12stateseach produced more than $2 billion worth of nonfuelmineral commodities. Please refer to thecookie policy for collected data, privacy and GDPR compliance. The US also ranks among the top 10 exporters of copper into the global market, mainly in the form of ores and concentrates, but also as refined copper. Please do not hesitate to contact me. One major copper asset on the rise in the DRC is Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) Kamoa-Kakula project, a joint venture the company shares with partner Zijin Mining Group (OTC Pink:ZIJMY,SHA:601899). (Updated 2023), Top 5 Junior Copper Stocks on the TSXV in 2023. You can unsubscribe at any time using the link in our emails. Fitch analysts predict global copper mine production to increase by an average annual rate of 3.1% over 2020-2029, with total output rising from 20.3 to 26.8 million tonnes over the same period.. This statistic is not included in your account. By continuing to browse the site, you agree to our use of cookies. Of the35mineralsdeemed criticalto the economy and national security in 2018, the new methodologyidentified 23mineral commodities, including cobalt, niobium,tungstenandcertainothers classified as rare earth elements,as posing the greatest supply risk for the U.S. manufacturing sector. Register in seconds and access exclusive features. As a Premium user you get access to the detailed source references and background information about this statistic. Create a free account and access your personalized content collection with our latest publications and analyses. The report isacomprehensive source of 2020mineral production data for the world andincludesinformation on the domestic industry structure,governmentprograms, tariffs andfive-year salientstatistics on more than88mineral commoditiesthat are important to the U.S. economy and national security. For the best and most secure experience in our catalog, please update your browser. In 2017, it's estimated that humans consumed 100.6B metric tons of material in total. You need at least a Starter Account to use this feature. Liberty stayed on the penny for more than 60 years. According to the latest US Geological Survey data, global copper production reached 22 million metric tons (MT) in 2022. Just as staggering is the brew of toxic chemicals and hundreds of gallons of water it takes to dye and finish one pair of jeans. Most people know that metallic ores yield shiny, conductive, ductile elements such as copper, iron, or gold. Read on to find out which nations made the grade and what is driving each country's copper output. Indonesia's copper production increased dramatically from 734,000 MT in 2021 to reach a total of 920,000 MT in 2022. Then you can access your favorite statistics via the star in the header. This text provides general information. To date, roughly 700 million metric tons ofcopperhave been produced around the world. ", US Geological Survey, Mine production of copper in the United States from 2010 to 2022 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/254849/copper-production-of-the-us/ (last visited May 02, 2023), Mine production of copper in the United States from 2010 to 2022 (in 1,000 metric tons) [Graph], US Geological Survey, January 31, 2023. Recycled MaterialsDomestically,$28billionofmetals andmineral products wererecycledincludingproductssuch ascopper, gold, iron and steel scrap, and platinum-group metals to supply domestic consumption. Chile produces the highest amount of copper per year. Learn more about how Statista can support your business. The Democratic Republic of Congo produced 1,239,059 metric tons of copper in 2018. As a Premium user you get access to background information and details about the release of this statistic. Liberty stayed on the penny for more than 60 years. U.S. production of 12mineral commoditieswasvalued at more than $1 billioneachin 2020. Peru produced 2,436,951 metric tons of copper in 2018 and produced over 2.5 million metric tons in 2019. Likewise, dazzling rubies and rare sapphires are universally recognized as gemstone, The U.S. Geological Survey (USGS) provides information to the public and to policy-makers concerning the current use and flow of minerals and materials in the United States economy. Results of the assessment, In the language of economic geology, Earth materials are classified as metallic ores, fuel minerals, gemstones, and industrial minerals. A weekly update of the most important issues driving the global agenda. ", US Geological Survey, Total copper mine production worldwide from 2010 to 2022 (in million metric tons) Statista, https://www.statista.com/statistics/254839/copper-production-by-country/ (last visited May 02, 2023), Total copper mine production worldwide from 2010 to 2022 (in million metric tons) [Graph], US Geological Survey, January 31, 2023. As soon as this statistic is updated, you will immediately be notified via e-mail. This statistic is not included in your account. For locations outside the United States, USGS International Minerals Statistics and Information is the best starting point. A lock () or https:// means youve safely connected to the .gov website. Chile again took the crown to become the top copper producer last year, but some of the others on the list may surprise you. Year: 2017 12201 Sunrise Valley Drive Feb 7, 2023 The total worldwide copper mine production amounted to an estimated 22 million metric tons in 2022. Get the best reports to understand your industry. The rest is mostly used to form alloys by combining it with other metals. Thank you for signing up with United States Mint! In, US Geological Survey. Mineral DependenceStatistical Compilation of U.S. and World Mineral Production, Consumption, and Trade, 19902010. Coppers symbol is Cu and its atomic number is 29. This statistic is not included in your account. Copper is a chemical element that is soft, malleable, and ductile. To meet copper demand from its construction and transport sectors, the country relies on copper imports. Like Peru, China has also invested in copper mines in DR Congo. You need a Statista Account for unlimited access. The United States generated 6.92 million tons of e-waste, about 46 pounds per person, in 2019. As a Premium user you get access to background information and details about the release of this statistic. Because of its properties, singularly or in combination, of high ductility, malleability, and thermal and electrical conductivity, and its resistance to corrosion, copper has become a major industrial metal, ranking third after iron and aluminum in terms of quantities consumed. Then you can access your favorite statistics via the star in the header. The ideal entry-level account for individual users. During the past decade, the mine production of copper in the U.S. peaked in 2016, at 1.43. Peru is the second-largest producer of copper in the world. A 2009 analysis found that Western copper mines use 35.7 gigajoules of energy per ton of copper produced, with zinc and lead mines fairly more efficient, using only 6.6 to 6.8 gigajoules of energy . What is the World Economic Forum doing around the issue of deep-sea mining? The USGS reportMineral Commodity Summaries 2021isavailablehere:https://www.usgs.gov/centers/nmic/mineral-commodity-summaries. In fact, 98% of iron ore goes into steelmaking, with the rest fulfilling various other applications. Chart. Statista assumes no emissions from the burning of fossil fuels, or cement production within a country's borders). How much gold has been found in the world? Identified deposits contain an estimated 2.1 billion metric tons of additional copper, which brings the total amount of discovered copper to 2.8 billion metric tons. Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article. Most of that gold has come from just three countries: China, Australia, and South Africa. Rio Tinto's aluminum and copper production 2010-2022, Global volume of minerals required for selected energy technologies 2020, by type, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. In 2018, Chile produced 5,831,600 metric tons of copper and has consistently produced over 5.5 million metric tons in the few years prior. Copper byproducts from manufacturing and obsolete copper products are readily recycled and contribute significantly to copper supply. This would fit into a cube measuring about 430 meters on a side. January 31, 2023. Leading U.S. mining companies based on revenue 2022, Active mines in the U.S. by commodity 2020, U.S. mining industry total employment 2000-2021, Iron ore mine production in the U.S. 2010-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. This report coversabout 90nonfuelmineralsmonitored by theUSGS. The principal contributors to the total value of metalmineproduction in 2020were gold(38%), copper(27%), iron ore(15%)and zinc(6%). Show publisher information It recycled only 15% of the material. This reaction explains why some older pennies turn green and why the Statue of Liberty is green rather than orange-red. Included are 10 activitybased learning exercises that educate students on basic geologic concepts; the pr, 12201 Sunrise Valley Drive Reston, VA 20192. EarthMRI can inform strategies to ensure secure and reliable domestic critical mineral supplies for the United St, Each mineral commodity chapter of the 2023 edition of the U.S. Geological Survey (USGS) Mineral Commodity Summaries (MCS) includes information on events, trends, and issues for each mineral commodity as well as discussions and tabular presentations on domestic industry structure, Government programs, tariffs, 5-year salient statistics, and world production, reserves, and resources. It is one of Australias largest copper producers, and the two copper mines that operate out of Mount Isa collectively process 6.5 million MT of ore each year. Share sensitive information only on official, secure websites. The ideal entry-level account for individual users. In China's Xintang province, a hub for denim, 300 million pairs are made annually. Please do not hesitate to contact me. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. If you are an admin, please authenticate by logging in again. While the company was previously owned by a joint venture between Glencore and First Quantum, the Zambian government which previously held a 10 percent stake took complete of ownership it in 2021. Heres a look at top copper production by country in 2022, as reported by the US Geological Survey. In 1943, pennies were made of zinc-coated steel because copper was needed during World War II. However, Chiles copper production is expected to rebound in 2023, according to S&P Global, to hit more than 5.97 million MT as new mines ramp up their output. The MCS is the, The economic growth of an industrialized nation such as the United States requires raw materials for construction (buildings, bridges, highways, and so forth), defense, and processing and manufacture of goods and services. In 1909, Abraham Lincoln became the first president featured on our coins in honor of his 100th birthday. Obverse (heads): Shows the familiar likeness of President Abraham Lincoln featured since 1909. Of this total, the value of industrialmineralsproduction was dominated by crushed stone and construction sand and gravel (construction aggregates)at$27billion. Peruvian copper production was down year-on-year, slipping 100,000 MT from 2021's total of 2.3 million MT as political unrest in the country and protests at mines continued to affect operations. All of the gold discovered thus far would fit in a cube that is 23 meters wide on every Of the 1,740,000 metric tons of silver discovered to date, 55% is found in just four countries on earth. Show publisher information All the silver discovered thus far would fit in a cube 55 meters on a side. The principal contributors to the total value of metal mine production in 2020 were gold (38%), copper (27%), iron ore (15%) and zinc (6%). (Source: U.S. Geological Survey, Mineral Commodity Summaries, January 2022.) A list of linkable tags for topics mentioned on this page. Chile, the world's leading copper producer by far, produced an estimated 5.2 million metric tons of copper in 2022. This change has affected global copper and copper scrap prices, the sources of copper supply, and U.S. trade of copper-containing materials. This fact sheet quantifies the amounts of raw m, Mobile phones and other high-technology communications devices could not exist without mineral commodities. Use Ask Statista Research Service. [Online]. Profit from the additional features of your individual account. In 2010, gold mine production worldwide totaled 2,560 metric tons and has surpassed three thousand metric tons in each year since 2015. Decision-makersandleadersin both the private and public sectors rely onthecrucial, unbiased statisticsand dataprovidedin theMineral Commodity Summariesto make business decisionsanddeterminenational policy, saidNMICdirectorSteven M. Fortier. As a Premium user you get access to the detailed source references and background information about this statistic. Available: https://www.statista.com/statistics/264626/copper-production-by-country/, Major countries in copper mine production worldwide in 2022, Immediate access to statistics, forecasts & reports, Distribution of copper reserves worldwide by country 2020, Capacity of copper mines worldwide 2010-2021, Copper mine production worldwide 2010-2022, Global copper refinery production 2000-2021, Copper mine capacity utilization rate worldwide 2010-2021, Global copper mine production distribution 2021, by region, Production volume of copper globally 2020, by political stability of producers, Global leading copper mines based on output 2021, Global leading copper refineries 2022, by capacity, Global largest copper smelters 2022, by capacity, Copper production in leading countries 2022, Copper ore export value worldwide by country 2021, Copper ore import value worldwide by leading country 2021, Distribution of copper production worldwide 2021, by producer, Annual change in copper production worldwide Q2 2021-Q2 2022, by company, Freeport-McMoRan's copper production 2010-2022, Glencore's production of copper 2015-2022, Global distribution of copper consumption 2021, by end use, Global distribution of copper semis first-use 2021, by type, LME price for high-grade copper 2000-2022, Average prices for copper worldwide from 2014 to 2024, Monthly prices for copper worldwide 2014-2023, Rate of return on copper investments worldwide 2011-2022, Anglo American Sur: copper production 2007-2021, Copper production volume in Colombia 2011-2021, Copper production in Chile in 2021, by region, Copper production of Escondida in Chile 2010-2021, Copper production of Collahuasi in Chile 2010-2021, Copper export volume from Chile 2011-2021, Copper exports volume from Chile 2021, by destination in America, Chile: largest copper producers 2021, by output volume, Copper exports volume from Chile 2021, by destination in Asia, Distribution of Canadian copper production by province and territory 2020, Refined copper production in Brazil 2007-2021, Refined copper production in Peru 2007-2021, Copper mine production volume in Brazil 2011-2021, Global copper alloy production by region 2012-2017, Global copper and copper alloy production by region 2012-2017, Production of copper from smelting Indonesia 2012-2021, Production volume of copper mines in MENA 2005-2020, Major countries in copper mine production worldwide in 2022 (in 1,000 metric tons), Find your information in our database containing over 20,000 reports. Aluminum is the second most abundant metallic element in the Earth's crust after silicon, yet it is a comparatively new industrial metal that has been produced in commercial quantities for just over 100 years. Statista. The MCS is the, IntroductionEach mineral commodity chapter of the 2022 edition of the U.S. Geological Survey (USGS) Mineral Commodity Summaries (MCS) includes information on events, trends, and issues for each mineral commodity as well as discussions and tabular presentations on domestic industry structure, Government programs, tariffs, 5-year salient statistics, and world production, reserves, and resources. From 2015-2019, copper production increased by 77% in Peru. TheUSGS NationalMineralsInformation Centercollects, analyzes and disseminates current information on the supply of and the demand formineralsand materials in theU.S.and about 180 other countries. The company currently has mining rights until 2041; however, Freeport is engaging with the Indonesian government with regards to extending its mining rights beyond that year. 2022: | Jan|Feb|Mar|Apr |May|Jun |Jul|Aug |Sep|Oct|Nov|Dec| The views expressed in this article are those of the author alone and not the World Economic Forum. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. For the study period, Using a geology-based assessment methodology, the U.S. Geological Survey estimated a mean of 3,500 million metric tons (Mt) of undiscovered copper among 225 tracts around the world. ", US Geological Survey, Major countries in copper mine production worldwide in 2022 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/264626/copper-production-by-country/ (last visited May 02, 2023), Major countries in copper mine production worldwide in 2022 (in 1,000 metric tons) [Graph], US Geological Survey, January 31, 2023. "Major countries in copper mine production worldwide in 2022 (in 1,000 metric tons)." U.S. metal mine production in 2020 was estimated to be $27.7 billion, 3% higher than that in 2019. If you are an admin, please authenticate by logging in again. Identified deposits contain an estimated 2.1 billion metric tons of additionalcopper, which brings the total amount ofdiscoveredcopperto 2.8 billion metric tons. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research lead covering energy, chemicals & resources, Profit from additional features with an Employee Account. The deposit made headlines in 2018, when it was revealed that the company was looking to raise US$1.25 billion to develop a mining and metallurgical plant at the project.
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