Minerals/Base metals

Copper

Copper carries electricity: wiring, motors, power grids, electronics and construction take most of it, and electric vehicles, renewables and data centres use far more per unit than older technologies.

23 Mtworld mine production, 2025 (est.)
23%from Chile
980 Mtreserves, 2025
7governments list it as critical

01 · Where it's mined

Who digs it up

World mine output was about 23 Mt in 2025: Chile 5.3 Mt, DRC 3.2 Mt and Peru 2.7 Mt lead, then China, Russia, the US and Zambia. Refined output was about 29 Mt including recycled metal, of which China refined about 14 Mt. Mining is relatively diverse (top three about 49%); refining is more concentrated. Reserves are about 980 Mt.

  1. Chile23%
  2. Dem. Rep. Congo13.9%
  3. Peru11.7%
  4. China7.8%
  5. Russia5.7%
  6. United States of America4.3%
  7. Zambia4.1%
  8. Australia3.2%

Mine production, Cu content (recoverable), 2025. Columns on the globe show each country's share.

02 · A century of output

How production grew

03 · Where it goes

Follow the trade

Copper ores and concentrates, 2024, by value

  • Chile → China$20.8bn
  • Peru → China$15.6bn
  • Chile → Japan$5.11bn
  • Mexico → China$3.33bn
  • Mongolia → China$3.33bn
  • Kazakhstan → China$2.9bn

Arcs run from exporter to importer; thicker means more value. CEPII BACI reconciled trade data.

04 · What it's used for

Where demand comes from

IEA demand was about 27.8 Mt in 2025 and rises to about 31 Mt by 2030 even in Current Policies. The IEA expects a widening gap between demand and supply from existing and announced mines in the 2030s.

05 · Who calls it critical

On the critical lists

Added to the US critical minerals list in 2025 and on the EU strategic list; also critical for the UK, Canada, Australia, India, Korea and China. The US imposed tariffs on some copper products in 2025.

  • United StatesUSGS List of Critical Minerals, 2025
  • European UnionCritical Raw Materials Act (Reg. (EU) 2024/1252) Annex I - strategic raw materials, 2024
  • AustraliaAustralia Strategic Materials List, 2024
  • CanadaCanada Critical Minerals List, 2024
  • IndiaCritical Minerals for India (Ministry of Mines), 2023
  • South KoreaKorea critical minerals (33) - the 23 not designated strategic, 2023
  • ChinaChina National Mineral Resources Plan (2016-2020): 24 strategic minerals, 2016
Every government's critical minerals list

06 · Mines to know

The big operations

  • Norilsk-Taimyr (Nornickel)Russia · Nornickel · 199 kt (2019)
  • Mount Isa / Ernest Henry complexAustralia · Glencore · 158 kt (2019)
  • Voisey's Bay / OvoidCanada · Vale Newfoundland & Labrador · 46.8 kt (2019)
  • MutandaDem. Rep. Congo · Mutanda Mining · 25.1 kt (2019)
  • Kamoto Copper Company (KCC) / Katanga Mining ComplexDem. Rep. Congo · Kamoto Copper Company · 17.1 kt (2019)

Spikes mark mines with output in open data; height follows reported output. Where a public source says where a mine's product goes, an arc runs to that plant.

Every copper mine and project, by country
See Copper on the live globe

The detail

Copper in depth

Supply

World mine output was about 23 Mt in 2025: Chile 5.3 Mt, DRC 3.2 Mt and Peru 2.7 Mt lead, then China, Russia, the US and Zambia. Refined output was about 29 Mt including recycled metal, of which China refined about 14 Mt. Mining is relatively diverse (top three about 49%); refining is more concentrated. Reserves are about 980 Mt.

Demand

IEA demand was about 27.8 Mt in 2025 and rises to about 31 Mt by 2030 even in Current Policies. The IEA expects a widening gap between demand and supply from existing and announced mines in the 2030s.

Policy and criticality

Added to the US critical minerals list in 2025 and on the EU strategic list; also critical for the UK, Canada, Australia, India, Korea and China. The US imposed tariffs on some copper products in 2025.

What to watch

  • Treatment and refining charges as a gauge of concentrate tightness.
  • Restart decisions at Cobre Panamá and progress at Grasberg after its 2025 mud-rush incident.
  • US tariff scope on copper.
From the USGS Mineral Commodity Summaries

US production and use

In 2025, the recoverable copper content of U.S. mine production was an estimated 1.0 million tons, a decrease of 5% from that in 2024, and was valued at an estimated $11 billion, 10% greater than $10.0 billion in 2024. Arizona was the leading copper-producing State and accounted for approximately 70% of domestic output; copper was also mined in Alaska, Michigan, Missouri, Montana, Nevada, New Mexico, and Utah. Copper was recovered or processed at 26 mines (17 of which accounted for more than 99% of mine production), 2 primary smelters, 2 secondary smelters, 2 primary electrolytic refineries, 14 electrowon refineries, and 4 secondary refineries. Refined copper and scrap were consumed at about 30 brass mills, 14 rod mills, and several hundred foundries and miscellaneous manufacturers. According to the Copper Development Association, copper and copper alloy products were used in building construction, 42%; electrical and electronic products, 23%; transportation equipment, 18%; consumer and general products, 10%; and industrial machinery and equipment, 7%.

Events, trends and issues

In 2025, production of copper was affected by concentrator shutdowns and lower ore grades at multiple mines in the United States. Domestic output of refined copper decreased by an estimated 9% compared with that in 2024 owing to planned maintenance of both primary smelters. As of September, copper production started in 2025 at a new mine in Arizona, at a new secondary smelter in Georgia, and at a new secondary refinery in Kentucky. By yearend, one additional mine in Arizona was expected to begin commercial operations. The COMEX copper price was projected to average a record high of $4.80 per pound in 2025, 14% greater than $4.22 per pound in 2024. Analysts attributed the increase primarily to uncertainty regarding the implementation of tariffs on U.S. imports of copper materials. On November 7, 2025, the U.S. Final 2025 List of Critical Minerals was published in the Federal Register (90 FR 50494). The changes in the 2025 list from the prior list published in 2022 (87 FR 10381) were the addition of copper, lead, potash, rhenium, silicon, and silver, based on the U.S. Geological Survey (USGS) updated methodology for the 2025 list. As required by the Energy Act, public comment and interagency input were requested in response to the draft U.S. list of critical minerals published in the Federal Register (90 FR 41591). Based on that input, boron, metallurgical coal, phosphate rock, and uranium were also added.

Substitutes

Aluminum substitutes for copper in automobile radiators, cooling and refrigeration tube, electrical equipment, and power cable. Optical fiber substitutes for copper in telecommunications applications, and plastics substitute for copper in drain pipe, plumbing fixtures, and water pipe. Titanium and steel are used in heat exchangers.

Recycling

Old (post-consumer) scrap, converted to refined metal, alloys, and other forms, provided an estimated 160,000 tons of copper in 2025, and an estimated 760,000 tons of copper was recovered from new (manufacturing) scrap derived from fabricating operations. Brass and wire-rod mills accounted for approximately 80% of the total copper recovered from scrap. Copper recovered from scrap contributed about 30% of the U.S. copper supply.5

World resources

The most recent USGS assessment of global copper resources indicated that, as of 2015, identified resources contained 1.5 billion tons of unextracted copper (2.1 billion tons when past production of 600 million tons is included) and undiscovered resources contained an estimated 3.5 billion tons of copper.8