Global Copper Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
The global refined copper production is expected to reach 27.61 million tonnes in 2025, growing at a CAGR of 2.94%, for the time period 2021-2025. Factors such as rising copper annual capacity in renewable energy, growing use of copper in smart home appliances, expansion of construction industry, increasing manufacturing of electrical equipment and growth in scrap copper supply would drive the growth of the industry. However, the growth would be challenged by decline in copper ore grades and challenges of more mineral waste from the copper industry. A few notable trends may be include upsurge in the copper consumption in the passenger vehicles, accelerating copper demand in China and new copper mine projects in pipeline.
Copper is considered as an important element of the economic growth worldwide. Increase in the price of copper is the indication that the global economy is recovering from the COVID-19 disruption. Copper is outperforming other base metals such as aluminium and zinc due to its high demand for the industrial applications, which is contributing to the growth of the global copper market.
The fastest growing regional market was Asia Oceania, due to the massive consumption of copper in construction and manufacturing industries, particularly in China. However, the outbreak of the COVID-19 pandemic has caused supply chain disruption, due to the closure of major mining sites as well as manufacturing facilities, which led to the decline in the global copper market in 2020.
Scope of the report:
The report provides a comprehensive analysis of the global copper market.
The major regional markets (Asia Oceania, Europe, North America, Latin America, Middle East & Africa and ROW) have been analyzed in details.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Glencore BHP Billiton, Anglo American, Freeport-McMoRan, Southern Copper Corporation and First Quantum Minerals) are also presented in detail.
Key Target Audience:
Copper Manufacturers
Supply Chain Partners
End Users (Automotive, Construction, Solar Energy, E&E, etc.)
Consulting Firms
Investment Banks
Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Introduction
- 1.2 Chemical Properties of Copper
- Table 1: Chemical Properties of Copper
- 1.3 Copper By-products
- Table 2: Copper By-products
- 1.4 Usage of Copper by End Sector
- Table 3: Usage of Copper by End Sector
- 1.5 Recycling of Copper
- Table 4: Recycling of Copper
- 2. COVID-19 Impact
- 2.1 Downfall in the Copper Mine Production
- Table 5: Total Copper Mine Production Worldwide (2019-2020)
- 2.2 Decline in Copper Exploration Spending
- Table 6: Copper Exploration Spending by Region (2020)
- 2.3 Impact on Mining Industry
- 3. Global Market
- 3.1 Global Refined Copper Production
- Table 7: Global Refined Copper Production (2016-2020)
- 3.2 Global Refined Copper Production Forecast
- Table 8: Global Refined Copper Production Forecast (2021-2025)
- 3.3 Global Refined Copper Production by Regions
- Table 9: Global Refined Copper Production by Regions (2020)
- 3.4 Global Refined Copper Consumption
- Table 10: Global Refined Copper Consumption (2016-2020)
- 3.5 Global Refined Copper Consumption Forecast
- Table 11: Global Refined Copper Consumption Forecast (2021-2025)
- 3.6 Global Refined Copper Consumption by End-Use
- Table 12: Global Refined Copper Consumption by End-Use (2020)
- 3.7 Global Refined Copper Consumption by Property
- Table 13: Global Refined Copper Consumption by Property (2020)
- 3.8 Global Refined Copper Consumption by Regions
- Table 14: Global Refined Copper Consumption by Regions (2020)
- 4. Regional Market
- 4.1 Asia Oceania
- 4.1.1 Asia Oceania Refined Copper Production
- Table 15: Asia Oceania Refined Copper Production (2016-2020)
- 4.1.2 Asia Oceania Refined Copper Production Forecast
- Table 16: Asia Oceania Refined Copper Production Forecast (2021-2025)
- 4.1.3 Asia Oceania Refined Copper Production by Region
- Table 17: Asia Oceania Refined Copper Production by Region (2020)
- 4.1.4 China Refined Copper Production
- Table 18: China Refined Copper Production (2016-2020)
- 4.1.5 China Refined Copper Production Forecast
- Table 19: China Refined Copper Production Forecast (2021-2025)
- 4.1.6 Asia Oceania Refined Copper Consumption
- Table 20: Asia Oceania Refined Copper Consumption (2016-2020)
- 4.1.7 Asia Oceania Refined Copper Consumption Forecast
- Table 21: Asia Oceania Refined Copper Consumption Forecast (2021-2025)
- 4.1.8 Asia Oceania Refined Copper Consumption by Region
- Table 22: Asia Oceania Refined Copper Consumption by Region (2020)
- 4.1.9 China Refined Copper Consumption
- Table 23: China Refined Copper Consumption (2016-2020)
- 4.1.10 China Refined Copper Consumption Forecast
- Table 24: China Refined Copper Consumption Forecast (2021-2025)
- 4.2 Europe
- 4.2.1 Europe Refined Copper Production
- Table 25: Europe Refined Copper Production (2016-2020)
- 4.2.2 Europe Refined Copper Production Forecast
- Table 26: Europe Refined Copper Production Forecast (2021-2025)
- 4.2.3 Europe Refined Copper Consumption
- Table 27: Europe Refined Copper Consumption (2016-2020)
- 4.2.4 Europe Refined Copper Consumption Forecast
- Table 28: Europe Refined Copper Consumption Forecast (2021-2025
- 4.3 North America
- 4.3.1 North America Refined Copper Production
- Table 29: North America Refined Copper Production (2016-2020)
- 4.3.2 North America Refined Copper Production Forecast
- Table 30: North America Refined Copper Production Forecast (2021-2025)
- 4.3.3 North America Refined Copper Consumption
- Table 31: North America Refined Copper Consumption (2016-2020)
- 4.3.4 North America Refined Copper Consumption Forecast
- Table 32: North America Refined Copper Consumption Forecast (2021-2025)
- 4.4 Latin America
- 4.4.1 Latin America Refined Copper Production
- Table 33: Latin America Refined Copper Production (2016-2020)
- 4.4.2 Latin America Refined Copper Production Forecast
- Table 34: Latin America Refined Copper Production Forecast (2021-2025)
- 4.4.3 Latin America Refined Copper Consumption
- Table 35: Latin America Refined Copper Consumption (2016-2020)
- 4.4.4 Latin America Refined Copper Consumption Forecast
- Table 36: Latin America Refined Copper Consumption Forecast (2021-2025)
- 4.5 Middle East & Africa
- 4.5.1 Africa Refined Copper Production
- Table 37: Africa Refined Copper Production (2016-2020)
- 4.5.2 Africa Refined Copper Production Forecast
- Table 38: Africa Refined Copper Production Forecast (2021-2025)
- 4.5.3 Middle East & Africa Refined Copper Consumption
- Table 39: Middle East & Africa Refined Copper Consumption (2016-2020)
- 4.5.4 Middle East & Africa Refined Copper Consumption Forecast
- Table 40: Middle East & Africa Refined Copper Consumption Forecast (2021-2025)
- 4.6 Russia
- 4.6.1 Russia Refined Copper Consumption
- Table 41: Russia Refined Copper Consumption (2016-2020)
- 4.6.2 Russia Refined Copper Consumption Forecast
- Table 42: Russia Refined Copper Consumption Forecast (2021-2025)
- 4.7 ROW
- 4.7.1 ROW Refined Copper Production
- Table 43: ROW Refined Copper Production (2016-2020)
- 4.7.2 ROW Refined Copper Production Forecast
- Table 44: ROW Refined Copper Production Forecast (2021-2025)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rising Copper Annual Capacity in Renewable Energy
- Table 45: Global Copper Annual Capacity in Renewable Energy (2021-2025)
- 5.1.2 Growing Use of Copper in Smart Home Applications
- Table 46: Global Copper Consumption in Smart Home Applications (2020-2025)
- 5.1.3 Expansion of Construction Industry
- Table 47: Global Construction Industry Revenue (2019-2021)
- 5.1.4 Increasing Manufacturing of Electrical Equipment
- Table 48: The U.S. Electrical Equipment Manufacturing Market Revenue (2018-2022)
- 5.1.5 Growth in Scrap Copper Supply
- Table 49: Global Refined and Smelted Scrap Copper Supply (2017-2022)
- 5.2 Key Trends & Developments
- 5.2.1 Upsurge in the Copper Consumption in Passenger Vehicles
- Table 50: Global Copper Consumption in EVs and ICE Passenger Vehicles (2020-2025)
- 5.2.2 Accelerating Copper Demand in China
- Table 51: Share of Refined Copper Demand by Region (2020)
- 5.2.3 New Copper Mine Projects in Pipeline
- Table 52: Top Ten Copper Mine Projects (2021/2022)
- 5.3 Challenges
- 5.3.1 Decline in Copper Ore Grades
- 5.3.2 Challenges of More Mineral Waste from the Copper Industry
- 6. Competitive Landscape
- 6.1 Global Market
- 6.1.1 Key Players - Revenue Comparison
- Table 53: Key Players - Revenue Comparison (2020)
- 6.1.2 Key Players - Market Capitalization Comparison
- Table 54: Key Players - Market Capitalization Comparison (2021)
- 6.1.3 Copper Production by Top Five Companies
- Table 55: Copper Production by Five Companies (2020)
- 7. Company Profiles
- 7.1 Glencore
- 7.1.1 Business Overview
- 7.1.2 Financial Overview
- Table 56: Glencore Revenue and Loss/Income (2016-2020)
- Table 57: Glencore Revenue by Segment (2020)
- Table 58: Glencore Revenue by Region (2020)
- 7.1.3 Business Strategies
- 7.2 BHP Billiton
- 7.2.1 Business Overview
- 7.2.2 Financial Overview
- Table 59: BHP Billiton Revenue and Profit (Loss) (2016-2020)
- Table 60: BHP Billiton Revenue by Segment (2020)
- Table 61: BHP Billiton Revenue by Regions (2020)
- 7.2.3 Business Strategies
- 7.3 Anglo American
- 7.3.1 Business Overview
- 7.3.2 Financial Overview
- Table 62: Anglo American Revenue and Profit (2016-2020)
- Table 63: Anglo American Revenue by Segments (2020)
- Table 64: Anglo American Revenue by Regions (2020)
- 7.3.3 Business Strategies
- 7.4 Freeport-McMoRan
- 7.4.1 Business Overview
- 7.4.2 Financial Overview
- Table 65: Freeport-McMoRan Revenue and Net Income (Loss) (2016-2020)
- Table 66: Freeport-McMoRan Revenue by Product Type (2020)
- Table 67: Freeport-McMoRan Revenue by Regions (2020)
- 7.4.3 Business Strategies
- 7.5 Southern Copper Corporation
- 7.5.1 Business Overview
- 7.5.2 Financial Overview
- Table 68: Southern Copper Corporation Net Sales and Net Income (2016-2020)
- Table 69: Southern Copper Corporation Net Sales by Segments (2020)
- Table 70: Southern Copper Corporation Net Sales by Region (2020)
- 7.5.3 Business Strategies
- 7.6 First Quantum Minerals
- 7.6.1 Business Overview
- 7.6.2 Financial Overview
- Table 71: First Quantum Minerals Sales Revenue and Net Loss (Earnings) (2016-2020)
- Table 72: First Quantum Minerals Sales Revenue by Segments (2020)
- 7.6.3 Business Strategies
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