Global Copper Market Outlook, Opportunities And Strategies – Includes Copper Market Trends
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The global copper market is expected to grow from $74.43 billion in 2021 to $77.28 billion in 2022 at a compound annual growth rate (CAGR) of 3.8%. The global copper mining market size is expected to grow to $79.65 billion in 2026 at a compound annual growth rate (CAGR) of 0.8%.
The rising population is driving the growth of the copper mining market.
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The copper ore mining market consists of sales of copper ores and concentrates by entities (organizations, sole traders, and partnerships) that mine copper ores. The industry includes establishments carrying out activities such as developing mine sites and preparing copper ores and recovering copper concentrates through precipitation, leaching, and elector wining copper ores.
Global Copper Market Segments Include:
By Type: Refining Industry, Metal Processing Industry, Chemical Industry, and Others
By Mining Type: Underground Mining, Surface Mining
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global copper market in 2021.
Autonomous drilling systems are being implemented by the copper mining industry to enhance safety, efficiency, and productivity. This technology is being used to accurately identify drill locations and drill production blast holes more effectively using advanced levelling technologies.
TBRC’s Copper Market Report Covers:
Major Market Players: Codelco, Glencore, BHP Billiton, Southern Copper, and Freeport.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Copper Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides copper market overviews, analyzes and forecasts market size, share, copper market players, copper market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s copper market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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