According to GlobalData, Australia is the world’s seventh-largest producer of copper in 2022, with output down by 0.59% on 2021. Over the five years to 2021, production from Australia decreased by a CAGR of 0.94% and is expected to rise by a CAGR of 1% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2026 report. Buy the report here.
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Australia accounts for 4% of global production, with the largest producers being Chile, Peru, China and the Democratic Republic of the Congo. Exports of copper from Australia increased by 6% in 2022 over 2021, with the highest share being exported to the Republic of Korea. Australia’s copper exports are expected to grow at a CAGR of 11% between 2022 and 2026.
Leading producers of copper in Australia are Glencore, BHP, Newcrest Mining, CMOC Group, Newmont and Sumitomo Metal Mining. During 2020-2021, Glencore's output was down by 5%, BHP's output decreased by 6%, while output from Newcrest Mining decreased by 14%.
For more detailed analysis of global copper mining, buy the report here.
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