February 26, 2024
Total copper production from over 30 know projects totals over 5 million tonnes between 2023 and 2029. Total production declines year-over-year from 2023 through 2026 from over 1 million tonnes to only about 200,000 tonnes.
Production increases rapidly over the next two years peaking at almost 1.5 million tonnes in 2028 before retreating to just over 600,000 tonnes in 2029.
The key regions with known projects include:
Argentina – Mara – 200 000 tonnes – 2023
Chile – Santo Domingo – 200 000 tonnes – 2023
Iran – Nicico (Total Projects) – 750 000 tonnes – 2028
Russia – Udokan S2 – 450 000 tonnes– 2028
Mexico – El Arco – 190 000 tonnes – 2028
Note: Based on information obtained from open data sources