Today we are continuing our informing articles with the list of the top 10 largest copper producing countries in the world. Insider Monkey has made a great research work, as usual- hence you don’t need to do anything else, but to sit in your armchair comfortably with a glass of wine in hand and read through the list with us. At first, let’s see why copper is so important in our everyday life. It’s used in motors, electrical wiring, and making coins – actually all American cions are made of copper alloys.
Perhaps you would think that US will top this list, but actually Chile produces four times more copper than the United States. We have already written about the reasons of this phenomenon, since many companies in the US oursources producing of several minerals to those countries where workforce is much cheaper, and the laws are lenient and permissive.
If we check out the numbers in the US, we can see that copper production has increased by 6% from in the last two years. Intristingly, the value of copper production has decreased by $0.6 billion, because copper prices became lower. It was Arizan that produced the most copper, actually 68% of the total amount inland.
According to Insider Monkey’s research, indentified resources presently countain about 2.1 billion tons of copper, and the unidentified ones contain about 3.5 billion tons. If the undiscovered deposits are identified the largest compenies will grow bigger, and they will make higher profits. However you will see that there are no new players in this list, either – as all of these countries could be found in our former articles, too, which were about other minerals, such as gold, lithium, silicon and so on.
And now, let’s scheck out what Insider Monkey have discovered about the top 10 copper producing countries in the world.
10. Kazakhstan
Production of copper in 2018 (in thousand metric tons): 603
Production of copper in 2019 (in thousand metric tons): 700
9. Russia
Production of copper in 2018 (in thousand metric tons): 751
Production of copper in 2019 (in thousand metric tons): 750
8. Mexico
Production of copper in 2018 (in thousand metric tons): 751
Production of copper in 2019 (in thousand metric tons): 770
7. Zambia
Production of copper in 2018 (in thousand metric tons): 854
Production of copper in 2019 (in thousand metric tons): 790
6. Australia
Production of copper in 2018 (in thousand metric tons): 920
Production of copper in 2019 (in thousand metric tons): 960
5. United States of America
Production of copper in 2018 (in thousand metric tons): 1,220
Production of copper in 2019 (in thousand metric tons): 1,300
4. Congo
Production of copper in 2018 (in thousand metric tons): 1,230
Production of copper in 2019 (in thousand metric tons): 1,300
3. China
Production of copper in 2018 (in thousand metric tons): 1,590
Production of copper in 2019 (in thousand metric tons): 1,600
2. Peru
Production of copper in 2018 (in thousand metric tons): 2,440
Production of copper in 2019 (in thousand metric tons): 2,400
1. Chile
Production of copper in 2018 (in thousand metric tons): 5,830
Production of copper in 2019 (in thousand metric tons): 5,600
As we could see, Chile is on the first spot of the top 10 largest coppr producing countries in the world.
