The red metal is vital to the transition to an electrified economy, and it is also a barometer of global economic health.
While the copper price has seen some recent turmoil due to fast-rising interest rates and weak economic data, what remains steadfast is how much the world needs copper, as the highly conductive metal is a key component of industrial infrastructure and electric vehicles.
MiningIntelligence data show the top copper producers in the world based on 2021 production and measured in kilotonnes (kt).
Coming in at first place is Chile’s state- owned copper Codelco, with 1,728 kt of copper produced in 2021.
#2 Freeport McMoRan
Phoenix, Arizona – based Freeport McMoRan takes second place, with 1,210 kt produced during the year.
Swiss commodities giant Glencore is in third place, with 1,196 kt of copper produced.
#4 BHP Group
Melbourne, Australia based BHP is the world’s biggest miner, but takes fourth place on our list, with 1,045 kt of copper produced in 2021.
#5 Southern Copper
Mexico City’s Southern Copper produced 958 kt in 2021, snagging no. 5 on our list.
#6 First Quantum Minerals
First Quantum Minerals, based in Vancouver, Canada, is in sixth place, with 743 kt of copper produced for the year.
#7 KGHM Polska Miedz
Polish miner KGHM Polska Miedz secured seventh place, with 562 kt of copper produced.
London, UK based Antofagasta produced 486 kt of copper for the year, taking eighth place in the ranking.
#9 Zijin Mining
Zijin Mining, based in Shanghang, China, is in ninth place with 477 kt of copper produced.
#10 Anglo American
London- listed miner Anglo American rounds out our list, with 463 kt of copper produced in 2021.
Download the Miningintelligence data here.