![Pioneer [Blu-ray]](https://techcratic.com/wp-content/uploads/2024/11/81EmJG9mivL._SL1500_-360x180.jpg)
![Spigen Tempered Glass Screen Protector [GlasTR Slim] designed for Tesla Model S…](https://techcratic.com/wp-content/uploads/2024/11/61TVb0o8-tL._AC_SL1200_-360x180.jpg)
Bruno Venditti
2024-08-15 19:39:09
www.visualcapitalist.com
See this visualization first on the Voronoi app.
Visualizing the Growth of Chinese Copper Miners
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
China, with its huge manufacturing sector, is by far the biggest consumer of copper.
Currently, 70% of copper used in China is imported. As a result, the country has invested heavily in copper mines to secure future supply.
This graphic uses exclusive data from our partner, Benchmark Mineral Intelligence, to compare copper output from the top three global producers with Chinese miners. Since some of the mining operations have shared ownership, this graphic takes into consideration only the portion of production relative to the company’s stake in each mine.
Chinese Miners Set to Overtake Major Producers by 2025
In 2010, Chinese miners produced a total of 1.2 million tonnes of copper. In that same year, the top producer, Chilean state miner Codelco, produced 1.8 million tonnes, while the world’s largest miner and second-largest copper producer, BHP, produced 1 million tonnes.
Over the years, however, Chinese output has surged while major miners have faced challenges. In 2023, Codelco’s production fell to its lowest level in a quarter of a century due to operational problems and project delays.
 China |
 Rest of World |
|||||||
|---|---|---|---|---|---|---|---|---|
| Year/millions of tonnes | Zijin | CMOC | MMG | Tongling | Other China | BHP | Freeport | Codelco |
| 2010 | 0.059 | 0.000 | 0.001 | 0.007 | 1.090 | 1.021 | 0.979 | 1.760 |
| 2011 | 0.061 | 0.000 | 0.001 | 0.006 | 0.956 | 0.959 | 0.959 | 1.796 |
| 2012 | 0.082 | 0.000 | 0.046 | 0.007 | 1.070 | 1.070 | 0.975 | 1.805 |
| 2013 | 0.104 | 0.003 | 0.184 | 0.007 | 1.530 | 1.129 | 1.046 | 1.791 |
| 2014 | 0.116 | 0.014 | 0.149 | 0.007 | 1.753 | 1.126 | 1.074 | 1.841 |
| 2015 | 0.126 | 0.040 | 0.199 | 0.007 | 1.810 | 1.085 | 1.230 | 1.891 |
| 2016 | 0.134 | 0.047 | 0.374 | 0.007 | 1.984 | 1.023 | 1.388 | 1.827 |
| 2017 | 0.178 | 0.155 | 0.422 | 0.011 | 1.978 | 0.995 | 1.222 | 1.842 |
| 2018 | 0.212 | 0.127 | 0.383 | 0.019 | 1.967 | 1.161 | 1.239 | 1.807 |
| 2019 | 0.299 | 0.140 | 0.315 | 0.031 | 2.046 | 1.197 | 1.104 | 1.706 |
| 2020 | 0.377 | 0.173 | 0.272 | 0.066 | 2.290 | 1.147 | 1.081 | 1.727 |
| 2021 | 0.518 | 0.192 | 0.235 | 0.093 | 2.378 | 1.068 | 1.328 | 1.728 |
| 2022 | 0.750 | 0.226 | 0.214 | 0.123 | 2.440 | 1.180 | 1.327 | 1.553 |
| 2023F | 0.828 | 0.329 | 0.236 | 0.134 | 2.298 | 1.283 | 1.302 | 1.442 |
| 2024F | 0.886 | 0.460 | 0.301 | 0.121 | 2.421 | 1.423 | 1.421 | 1.414 |
| 2025F | 0.980 | 0.467 | 0.309 | 0.158 | 2.441 | 1.471 | 1.342 | 1.531 |
| 2026F | 1.031 | 0.467 | 0.332 | 0.206 | 2.477 | 1.513 | 1.369 | 1.591 |
| 2027F | 1.036 | 0.568 | 0.332 | 0.255 | 2.467 | 1.383 | 1.345 | 1.600 |
| 2028F | 1.058 | 0.698 | 0.332 | 0.255 | 2.467 | 1.186 | 1.286 | 1.580 |
Meanwhile, China’s biggest copper producer, Zijin Mining, saw its production rise from 0.059 million tonnes in 2010 to 0.8 million tonnes last year.
Combined, Chinese companies produced 3.2 million tonnes of copper in 2023, compared to the combined production of 4 million tonnes by Codelco, Freeport-McMoRan (the biggest copper producer in the U.S.), and BHP.
According to Benchmark Mineral Intelligence data, Chinese miners are forecasted to surpass the three top producers in 2025, with a combined production of 4.4 million tonnes compared to 4.3 million tonnes from Codelco, BHP, and Freeport.
The post Visualizing the Growth of Chinese Copper Miners appeared first on Visual Capitalist.
Support Techcratic
If you find value in our blend of original insights (Techcratic articles and Techs Got To Eat), up-to-date daily curated articles, and the extensive technical work required to keep everything running smoothly, consider supporting Techcratic with Bitcoin. Your support helps me, as a solo operator, continue delivering high-quality content while managing all the technical aspects, from server maintenance to future updates and improvements. I am committed to continually enhancing the site and staying at the forefront of trends to provide the best possible experience. Your generosity and commitment are deeply appreciated. Thank you!
Bitcoin Address:
bc1qlszw7elx2qahjwvaryh0tkgg8y68enw30gpvge
Please verify this address before sending any funds to ensure your donation is directed correctly.
Bitcoin QR Code
Your contribution is vital in supporting my efforts to deliver valuable content and manage the technical aspects of the site. To donate, simply scan the QR code below. Your generosity allows me to keep providing insightful articles and maintaining the server infrastructure that supports them.
Privacy and Security Disclaimer
- No Personal Information Collected: We do not collect any personal information or transaction details when you make a donation via Bitcoin. The Bitcoin address provided is used solely for receiving donations.
- Data Privacy: We do not store or process any personal data related to your Bitcoin transactions. All transactions are processed directly through the Bitcoin network, ensuring your privacy.
- Security Measures: We utilize industry-standard security practices to protect our Bitcoin address and ensure that your donations are received securely. However, we encourage you to exercise caution and verify the address before sending funds.
- Contact Us: If you have any concerns or questions about our donation process, please contact us via the Techcratic Contact form. We are here to assist you.
Disclaimer: As an Amazon Associate, Techcratic may earn from qualifying purchases.
