Following the rampant surge in copper prices earlier this yr, competitors amongst miners to produce the steel very important to the inexperienced power transition is fierce.
International copper provide is dominated by mining giants, with the highest ten firms making up for greater than half of the world’s output.
In an unprecedented yr marked by disruptions due to the global pandemic, copper mine manufacturing was contingent on how every firm overcame operational challenges.
Chile’s Codelco, by far the most important copper firm, averted important influence to its output by implementing a four-phase plan to maintain manufacturing rolling.
Regardless of the influence on mining operations, worldwide copper manufacturing nonetheless surpassed the 20-million-tonne mark in 2020.
Utilizing knowledge offered by our sister firm MiningIntelligence, we have now drawn up our personal listing of the highest copper producers on this planet based mostly on 2020 manufacturing.
BHP, Antofagasta and Rio Tinto’s international operations had been disrupted resulting from shutdowns, leading to manufacturing halts.
The most important manufacturing rise from the earlier yr was First Quantum Minerals, whose Sentinel mine in Zambia and Cobre Panama operation had been key contributors to double-digit progress.
Simply lacking out on the highest ten rankings are Russia’s Norilsk Nickel (456.2Kt), which primarily produces nickel and palladium; Brazil’s Vale SA (355.5Kt), the world’s greatest iron ore miner; and U.Ok.-based KAZ Minerals (305.7Kt).
Click on here for an excel download of the most important copper mining firms from the MiningIntelligence database.