Latin America Mining Review: 2025

Latin America Mining Review: 2025

Summary

GlobalData’s “Latin America’s Mining Report 2025” provides comprehensive coverage on the mining industry across the Latin American region. It offers analysis of macroeconomic and commodity price trends that are shaping the regional mining landscape. The report presents detailed insights into the major mining markets including Chile, Peru, Brazil, and Mexico, along with emerging markets such as Argentina, Bolivia, Colombia, and Ecuador. It includes historical and forecast data on key commodities such as silver, copper, lithium, iron ore, and gold. The report also features country-level analysis, production data, and market developments, helping stakeholders understand opportunities and challenges across Latin America’s mining sector.

Latin America plays a crucial role in the global mining industry, serving as a major source for several minerals. The region possesses substantial mineral reserves, with Chile holding the world’s largest reserves of copper and lithium; Peru holding the world largest silver reserves and third largest copper reserves, and Brazil holding the world’s second largest reserves for graphite and iron ore.

Latin America is a leading producer of silver, accounting for 51.5% of global output in 2024. It also accounts for significant shares of the global production of copper (41%), lithium (32.8%), zinc (23.5%), and iron ore (17.2%).

The production of copper in Latin America grew by 3.5% in 2024. Chile stands out as the dominant producer, accounting for 58.8% of the region's total output in 2024, while Peru contributed significantly with 29.5%, other key players include Mexico and Brazil, with production shares at 7.5% and 4.1% respectively.

Over the forecast period (2025-2030), Latin America's copper production is expected to grow at a CAGR of 3.0% to nearly 11.4Mt in 2030, supported by increasing investments and favorable global market conditions. Key players operating in Latin America’s copper sector include Codelco, BHP, Anglo American, Rio Tinto and Glencore.

Scope

• The report contains an overview of the Latin American mining industry, including key macroeconomic and commodity price trends impacting the region. It provides detailed information on mineral production and reserves, production by country, and analysis of major mining markets such as Chile, Peru, Brazil, and Mexico, along with emerging markets including Argentina, Bolivia, Colombia, and Ecuador. The report also covers key commodities such as silver, copper, lithium, iron ore, and gold. It includes data on major operating mines, the competitive landscape, and significant exploration and development projects across the region.

• To gain an understanding of the Latin American mining industry and key macroeconomic and commodity trends affecting the region
• To understand historical and forecast trends in mineral production across major Latin American countries
• To identify key players operating in the Latin American mining sector
• To identify major active, exploration, and development projects by country and commodity