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Follow on Google News | Global Copper Market (by Mined Copper Production, Refined Copper): Insights and Forecast (2022-2027)The global refined copper market by production has been bifurcated based on the following regions: Asia, Europe, Latin America, North America, Africa, and Oceania.
By: Koncept Analytics As a result, an increase in copper demand in the future years is projected to fuel the expansion of worldwide mined and refined copper output. The global mined copper market by production is expected to reach 24.48 megatons in 2023, growing at a CAGR of 4.5% over the projected period. Similarly, refined copper market by production is expected to reach 28.04 megatons by the year 2023 progressing at a CAGR of 4.0% during the forecasted period. On the other hand, the global copper consumption is estimated to reach 27.60 megatons in 2023, growing at a CAGR of 2.3% during the forecasted period. Top Impacting Factors: Growth Drivers
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Analysis of Key Players: The global copper market is fragmented with many players holding an insignificant share of the market. The key players in the global copper market are:
Some of the strategies among key players in the market are mergers, acquisitions, and collaborations. For instance, in 2022, Codelco and Rio Tinto signed a collaboration agreement that would focus on the accumulated experience of both companies in the design, construction, and operation of underground mines. Whereas, BHP announced that the company would expand its presence in Peru as the company continues to increase its exposure to 'future-facing' minerals. Moreover, Codelco dominated the copper mine market with a share of around 7.9%. On the other hand, Codelco and Jiangxi Copper Company dominated the refined copper market with each company holding a share of around 5.3%. For more Information: https://www.konceptanalytics.com/ Koncept Analytics Vikas Gupta (Business Development Manager) FFCS-36, Ansal Plaza Vaishali, Ghaziabad U.P - 201010 Tele: +91-120-4130959 Mobile: +91-8700242734 Mail ID – vikas@konceptanalytics.com End
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