Global Copper Market: Size and Trends with Impact of COVID-19 and Forecast up to 2027

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Global Copper Market Analysis By Mined Copper
Production, By Refined Copper Production, By
Consumption, By First-Use (Wire Rod, Flat-rolled
Products, Tubes, and RBS Other), By End-Use
(Construction, Electrical Network, Consumer
General, Industrial Machinery, and Transport), By
Region Size and Trends with Impact of COVID-19
and Forecast up to 2027

• November 2022

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Global Copper Market Coverage
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Global Copper Market Coverage
Scope of the Report
Attributes Details
Title Global Copper Market Analysis By Mined Copper Production, By Refined Copper Production, By Consumption, By First-Use (Wire Rod, Flat-rolled Products, Tubes, and RBS Other), By End-Use (Construction, Electrical Network, Consumer General, Industrial Machinery, and Transport), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027
Coverage Global and Regional
Regional Coverage Latin America (Chile, Peru, and Rest of Latin America), Asia (China, Japan, South Korea, India, Taiwan, and Rest of Asia), Africa (DRC and Rest of Africa), North America, Europe, and Oceania
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2022-2027
Competition in the Market Fragmented
Key Players Codelco, Glencore, BHP Group Limited, Anglo American Plc, Freeport-McMoRan Inc., First Quantum Minerals Ltd., KGHM Polska Miedz S.A., Antofagasta Plc, Rio Tinto Group, Aurubis AG, Norilsk Nickel, Grupo México (Southern Copper Corporation), and Jiangxi Copper Company Limited
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Global Copper Market Coverage
Executive Summary

• Copper is a malleable and ductile metallic
  element. It is an excellent conductor of heat and
  electricity. The global mined copper market by
  production was 22.42 megatons in 2021, and is
  expected to reach 29.19 megatons by 2027, growing
  at a CAGR of 4.5 over the projected period of
  2022-2027. Similarly, refined copper market by
  production is expected to reach 32.80 megatons by
  2027 growing at a CAGR of 4.0 during 2022-2027.
  On the other hand, the global copper consumption
  is projected to reach 30.23 megatons by the year
  2027, growing at a CAGR of 2.4 during the
  forecasted period.
• The global copper market consumption can be
  segmented based on first-use (Wire rod,
  Flat-rolled Products, Tubes, and RBS Others),
  and end-use (Construction, Electrical Networks,
  Consumer General, Industrial Machinery, and
  Transport). Among the first-use, Wire rods lead
  the market with the maximum share of
  approximately 73 in 2021. Latin America
  accounted for the major share of more than
  two-fifth of the global market for mined copper
  whereas, Asia dominated the refined copper market
  production in 2021.
• Copper mine production around the world dived in
  the first half of 2020, as the pandemic disrupted
  operations and metal demand patterns. Production
  cut in the copper mine due to the restriction on
  mining operations has significantly impacted the
  copper refining activities at factories. However,
  as the restrictions eased, the mines started
  opening which led to an increase in overall
  copper production in the year 2020. Additionally,
  global refined copper production climbed in 2020
  as compared to 2019 despite brief smelter
  shutdowns for maintenance and upgrades affecting
  output in several nations, particularly due to an
  increase in copper production in China. Moreover,
  among the biggest copper-using regions, copper
  usage fell in Japan, the European Union, and the
  US, which led to a slowdown in copper consumption
  globally. However, global copper consumption
  increased due to higher demand from Chinas
  construction sector.
• The global copper market observed progressive
  growth in the past few years and anticipations
  are made that during the forecasted period
  (2022-2027), the market would further augment at
  an escalating growth rate. The copper market
  growth is predicted to be supported by numerous
  growth drivers such as rising copper annual
  capacity in renewable energy, growing use of
  copper in smart home applications, growth in
  scrap copper supply, increasing manufacturing of
  electrical equipment, and many other factors.
  Conversely, the market growth would be negatively
  impacted by various challenges such as a decline
  in copper ore grades, challenges of more mineral
  waste from the copper industry, etc. Moreover,
  the market growth would succeed in various market
  trends like an upsurge in copper consumption in
  passenger vehicles, new copper mine projects in
  the pipeline, etc.

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Copper Market Global Analysis
Global Mined Copper Market by Production
CAGR CAGR
2017-2021 xx
2022-2027 xx
The global mined copper market production has
increased to ... megatons in 2021 and is
anticipated to reach up to ... megatons by 2027
from ... megatons in 2022, with a CAGR of xx.
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Copper Market Global Analysis
Global Refined Copper Market by Production
CAGR CAGR
2022-2027 xx
The global refined copper market production has
increased to ... megatons in 2021 and is
anticipated to reach up to ... megatons by 2027
from ... megatons in 2022, with a CAGR of xx.
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Copper Market Global Analysis
Global Mined Copper Market Production by Region
2021
Region Share (2021)
Latin America xx
Asia xx
Africa xx
North America xx
Europe xx
Oceania xx
Global Refined Copper Market Production by
Region 2021
Region Share (2021)
Asia xx
Europe xx
Latin America xx
North America xx
Africa xx
Oceania xx
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Copper Market Global Analysis
Global Copper Market by Consumption
CAGR CAGR
2017-2021 xx
2022-2027 xx
The global copper market consumption has
increased to ... megatons in 2021 and is
anticipated to reach up to ... megatons by 2027
from ... megatons in 2022, with a CAGR of xx.
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Copper Market Global Analysis
Global Copper Market Consumption by First-Use
2021
First Use Share (2021)
Wire Rods xx
Flat-rolled Products xx
Tubes xx
RBS Others xx
Global Copper Market Consumption by End-Use 2021
End Use Share (2021)
Construction xx
Electrical Network xx
Consumer General xx
Industrial Machinery xx
Transport xx
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Copper Market Global Analysis
Global Copper Market Consumption by Region 2021
Region Share (2021)
Asia xx
EU xx
The US xx
Latin America xx
Rest of the World xx
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Latin America Copper Market Production Analysis
Latin America Refined Copper Market Production by
Region 2021
Latin America Mined Copper Market Production by
Region 2021
Region Share (2021) CAGR (2022-2027)
Chile xx xx
Peru xx xx
Rest of Latin America xx xx
Region Share (2021) CAGR (2022-2027)
Chile xx xx
Rest of Latin America xx xx
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Africa Copper Market Production Analysis
Africa Refined Copper Market Production by
Region 2021
Africa Mined Copper Market Production by Region
2021
Region Share (2021) CAGR (2022-2027)
DRC xx xx
Rest of Africa xx xx
Region Share (2021) CAGR (2022-2027)
DRC xx xx
Rest of Africa xx xx
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Asia Copper Market Production Analysis
Asia Refined Copper Market Production by Region
2021
Asia Mined Copper Market Production by Region
2021
Region Share (2021) CAGR (2022-2027)
China xx xx
Japan xx xx
India xx xx
Rest of Asia xx xx
Region Share (2021) CAGR (2022-2027)
China xx xx
Indonesia xx xx
Rest of Asia xx xx
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Asia Copper Market Consumption Analysis
Asia Mined Copper Market Consumption by Region
2021
Region Share (2021) CAGR (2022-2027)
China xx xx
Japan xx xx
South Korea xx xx
India xx xx
Taiwan xx xx
Rest of Asia xx xx
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Global Copper Market Dynamics
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Global Copper Market Competitive Landscape
Players Profiled
Global Copper Mine Production Players by Market
Share 2021 (Percentage, )

• Codelco
• Glencore
• BHP Group Limited
• Anglo American Plc
• Freeport-McMoRan Inc.
• First Quantum Minerals Ltd.
• KGHM Polska Miedz S.A.

• Antofagasta Plc
• Rio Tinto Group
• Aurubis AG
• Norilsk Nickel
• Grupo México (Southern Copper Corporation)
• Jiangxi Copper Company Limited

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• Title Global Copper Market Analysis By Mined
  Copper Production, By Refined Copper Production,
  By Consumption, By First-Use (Wire Rod,
  Flat-rolled Products, Tubes, and RBS Other), By
  End-Use (Construction, Electrical Network,
  Consumer General, Industrial Machinery, and
  Transport), By Region Size and Trends with Impact
  of COVID-19 and Forecast up to 2027
• Published October 2022
• Pages 177
• Price US 2350 (Single-User License)
• US 4350 (Corporate License)

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