Global Copper Mining to 2020 - Market Forecast

SAN DIEGO - Sept. 23, 2014 - PRLog -- The 'Global Copper Mining to 2020' report announced by Reportstack comprehensively covers historical and forecast data on global copper mine production and consumption to 2020, and reserves – also by country – and trade. The report also includes drivers and restraints affecting the global copper mining industry, profiles of major copper mining companies, and information on the major active, exploration and development projects by region.

Global copper mine production was 18.1 million tonnes (Mt) in 2013, up by 8.4% compared to the previous year, with Chile accounting for almost one-third of the share. In 2013, the countries which dominated global copper mine production were China, Chile and Peru, supported by the commencement of new mines in Mongolia, the Democratic Republic of the Congo (DRC) and Zambia. Global copper mine production is further forecast to increase at a compound annual growth rate (CAGR) of 3.9% over the period 2014–2020 and the DRC, Peru and Zambia are poised to play bigger roles in the future.

Report Highlights

.Global copper mine production was just over 18 million tonnes (Mt) in 2013, up by 8.4% compared to the previous year, with Chile accounting for almost one-third of this.

• Global refined copper metal consumption increased by over 4%. China was the largest consumer that year, accounting for 44% of the world’s use.

• Falling ore grades and the aging of some of the largest Chilean mines could pose a challenge to the global copper industry

. According to the World Bank, aluminum is expected to continue to replace copper until the copper-to-aluminum price ratio reaches around 2:1

Companies mentioned in this report are Corporacion Nacional del Cobre de Chile (Codelco) Grupo Mexico SAB de CV Glencore Plc Freeport-McMoRan Copper & Gold Inc. Jiangxi Copper Corporation Ltd.

Complete report is available at http://www.reportstack.com/product/173327/global-copper-m...