Top 3 Copper Producing Countries of 2012
Chile
Mine production: 5.37 million tonnes
Chile has consistently blown other countries away in terms of copper production. According to the Inter Press Service, it controls 36 percent of the global copper market.
The nation is also home to the largest copper reserves in the world. According to the U.S. Geological Survey (USGS), it has reserves of 190 million tonnes, which is 28 percent of known copper reserves in existence.
Owned by the Chilean government, CODELCO leads copper production in the country. It produced 385,000 tonnes of the commodity during the first quarter of 2013.
China
Mine production: 1.5 million tonnes
It is estimated China has a copper reserve of 30 million tonnes. The country’s production increased by 190,000 tonnes between 2011 and 2012.
According to its website, Jiangxi Copper (SHA:600362) is the largest copper producer in China. It produced 1.2 million tonnes of copper in 2012 and expects output to increase to 1.22 million tonnes this year.
Peru
Mine production: 1.2 million tonnes
According to the USGS, Peru’s copper production did not change from 2011 to 2012, but Mining Minister Jorge Merino Tafur announced in May that Peru is determined to become the second-largest copper producer by 2016. The country’s known reserves of the metal are 76 milllion tonnes. /Copper Investing News
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