Global Copper Mining to 2023 – Impact of Coronavirus

In 2019, the global copper demand and supply gap, which has been in deficit since 2015, widened to 446kt, with an estimated 20.6Mt of copper mine production; down by 1% on 2018. However, demand growth for copper is expected to slow in 2020, mainly due to an anticipated slump in demand from China in the first half of the year, as a result of the coronavirus outbreak. Production growth will also be impacted with a forecast increase of 1.9%, which will help to narrow the demand and supply gap to 332kt in 2020, before it further declines to 177kt by 2022, supported by the ramping up of new mines and expansions of existing ones. Lower ore grades, production disruption and the prolonged US-China trade war collectively undermined the copper market sentiment in 2019. Since the beginning of 2018, global copper prices have been under pressure, owing to the prolonged trade war between the world’s two largest consumers of copper, the US and China. More recently, the outbreak of COVID-19 in China, which has since spread across the world, led to copper prices initially falling by around 12% between the middle of January and early February 2020. Production over the forecast period (2020–2023) is expected to grow at a CAGR of 5.4%, to reach 24.6Mt in 2023, with Chile, Peru, DRC, the US and Indonesia, the five largest suppliers, expected to collectively increase output from 11.2Mt in 2020 to 13.1Mt in 2023.

Scope

The report analyses impact of coronavirus on the global copper mining industry, with details of reserves, production, consumption trends and forecasts, the competitive landscape and listing of the major active, exploration and development projects. The report also explains the impact of COVID-19 on global copper demand and trade.

Reasons to buy

Comprehensive evaluation of the impact of coronavirus on the global copper industry

To understand historical and forecast trend on the global copper production, consumption and trade

Track latest company developments

To understand the impact of coronavirus on the global copper trade

To gain an understanding on global copper prices

Analyse forecasted production trends for copper

To understand global copper supply and demand outlook

Companies mentioned

BHP, Codelco, Freeport-McMoRan, Glencore, Grupo Mexico, Antofagasta, KGHM Polska Miedz, Anglo American, First Quantum, Rio Tinto

Table of Contents

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2 Executive Summary

3 Global Copper Mining: Reserves, Production, and Prices

3.1 Global Copper Reserves by Country

3.1.1 Chile

3.1.2 Australia

3.1.3 Peru

3.1.4 Russia

3.2 Copper Mine Production

3.2.1 Production by country

3.2.2 Production by company

3.3 Copper prices

4 Copper Assets

4.1 Active Mines

4.1.1 APAC

4.1.2 Europe

4.1.3 Former Soviet Union

4.1.4 Middle East and Africa

4.1.5 North America

4.1.6 Oceania

4.1.7 South and Central America

4.2 Exploration Projects

4.2.1 APAC

4.2.2 Europe

4.2.3 Former Soviet Union

4.2.4 Middle East and Africa

4.2.5 North America

4.2.6 Oceania

4.2.7 South and Central America

4.3 Development Projects

4.3.1 APAC

4.3.2 Europe

4.3.3 Former Soviet Union

4.3.4 Middle East and Africa

4.3.5 North America

4.3.6 Oceania

4.3.7 South and Central America

5 Copper Demand And Trade

5.1 Global Copper Trade

5.2 Global Copper Refining Market

5.3 Global Copper Consumption

5.3.1 Demand from China’s construction industry

5.3.2 Demand from China’s EV market

5.4 Global Copper Market Balance

6 Major Copper Producers

6.1 BHP

6.2 Codelco

6.3 Freeport-McMoRan Inc.

6.4 Glencore Plc

6.5 Grupo Mexico

6.6 Antofagasta Plc

6.7 KGHM Polska Miedz SA

6.8 Anglo American Plc

6.9 First Quantum Minerals Ltd

6.10 Rio Tinto

7 Appendix

7.1 Abbreviations

7.2 Methodology

7.3 Coverage

7.4 Secondary Research

7.5 Contact Us

7.6 Disclaimer

List of Tables

Table 1: Global Copper Mining – Copper Reserves by Country (Million Tonnes), January 2020

Table 2: Global Copper Mining – Top Active Mines in Chile by Total Ore reserves (Million Tonnes), 2020

Table 3: Global Copper Mining – Top Active Mines in Australia by Total Ore reserves (Million Tonnes), 2020

Table 4: Global Copper Mining – Top Active Mines in Peru by Total Ore reserves (Million Tonnes), 2020

Table 5: Global Copper Mining – Top Active Mines in Russia by Total Ore reserves (Million Tonnes), 2020

Table 6: Global Copper Mining – Key Copper Projects that commenced in 2019

Table 7: Global Copper Mining – Historical and Forecast Copper Mine Production (Million Tonnes), 2003–2023

Table 8: Global Copper Mining – Production by Country (Million Tonnes), 2003–2023

Table 9: Global Copper Mining – Copper Production in Chile (Thousand Tonnes), 2003–2023

Table 10: Global Copper Mining – Copper Production in Peru (Thousand Tonnes), 2003–2023

Table 11: Global Copper Mining – World Copper Prices, Quarterly (US$/Tonne), 2014–2020

Table 12: Global Copper Mining – Active Mines in APAC, 2020

Table 13: Global Copper Mining – Active Mines in Europe, 2020

Table 14: Global Copper Mining – Active Mines in Former Soviet Union, 2020

Table 15: Global Copper Mining – Active Mines in Middle East and Africa, 2020

Table 16: Global Copper Mining – Active Mines in North America, 2020

Table 17: Global Copper Mining – Active Mines in Oceania, 2020

Table 18: Global Copper Mining – Active Mines in Europe, 2020

Table 19: Global Copper Mining – Exploration Projects in APAC, 2020

Table 20: Global Copper Mining – Exploration Projects in Europe, 2020

Table 21: Global Copper Mining – Exploration Projects in Former Soviet Union, 2020

Table 22: Global Copper Mining – Exploration Projects in Middle East and Africa, 2020

Table 23: Global Copper Mining – Exploration Projects in North America, 2020

Table 24: Global Copper Mining – Exploration Projects in Oceania, 2020

Table 25: Global Copper Mining – Exploration Projects in South and Central America, 2020

Table 26: Global Copper Mining – Development Projects in APAC, 2020

Table 27: Global Copper Mining – Development Projects in Europe, 2020

Table 28: Global Copper Mining – Development Projects in Former Soviet Union, 2020

Table 29: Global Copper Mining – Development Projects in Middle East and Africa, 2020

Table 30: Global Copper Mining – Development Projects in APAC, 2020

Table 31: Global Copper Mining – Development Projects in Oceania, 2020

Table 32: Global Copper Mining – Development Projects in South and Central America, 2020

Table 33: Global Copper Mining – Top Exporters of Copper Ores and Concentrates (Thousand Tonnes), 2018

Table 34: Global Copper Mining – Top Importers of Copper Ores and Concentrates (Thousand Tonnes), 2018

Table 35: Global Copper Mining – Major Construction Projects in China (US$ billion), 2020

Table 36: Global Copper Mining – BHP Major Projects, 2020

Table 37: Global Copper Mining – Codelco Major Projects, 2020

Table 38: Global Copper Mining – Freeport – McMoRan Inc. Major Projects, 2020

Table 39: Global Copper Mining – Glencore Major Projects, 2020

Table 40: Global Copper Mining – Grupo Mexico Major Projects, 2020

Table 41: Global Copper Mining – Grupo Mexico Major Projects, 2020

Table 42: Global Copper Mining – KGHM Polska Miedz SA Major Projects, 2020

Table 43: Global Copper Mining – Anglo American Plc Major Projects, 2020

Table 44: Global Copper Mining – First Quantum Minerals Ltd, Major Projects, 2020

Table 45: Global Copper Mining – Rio Tinto, Major Projects, 2020

List of Figures

Figure 1: Global Copper Mining – Copper Reserves by Country (Thousand Tonnes), January 2020

Figure 2: Global Copper Mining – Copper Reserves by Country (%), January 2020

Figure 3: Global Copper Mining – Historic and Forecast Copper Mine Production (Million Tonnes) vs Prices, 2003–2023

Figure 4: Global Copper Mining – Copper Mine Production by Country (Thousand Tonnes), 2019

Figure 5: Global Copper Mining – Historic and Forecast Copper Mine Production in Chile (Million Tonnes), 2003–2023

Figure 6: Global Copper Mining – Historic and Forecast Copper Mine Production in Peru (Million Tonnes), 2003–2023

Figure 7: Global Copper Mining – Copper Production by Company (Thousand Tonnes), 2018–2019

Figure 8: Global Copper Mining – World Copper Prices, Quarterly (US$/Tonne), 2014–2020

Figure 9: Global Copper Mining – Top Exporters and Imports of Copper Ores and Concentrates (%), 2018

Figure 10: Global Copper Mining – World Refinery Capacity (Million Tonnes) vs World Refinery Capacity Utilization (%), 2010–2018

Figure 11: Global Copper Mining – Global Copper Consumption (Thousand Tonnes), 2010–2023

Figure 12: Global Copper Mining – Consumption by Country (%), 2019–2023

Figure 13: Global Copper Mining – Global Copper Demand by End-Use (%), 2018–2023

Figure 14: Global Copper Mining – Construction Projects in China, 2020

Figure 15: Global Copper Mining – China’s Total NEVs Production and Sales by Type (Thousand Vehicles), 2018–2019

Figure 16: Global Copper Mining – Number of Electric Vehicle Deployed (Million Vehicles), 2014–2018

Figure 17: Global Copper Mining – Copper Market Balance (Thousand Tonnes), 2015 – 2022

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