Base Metals
Ranked: The World’s Largest Copper Producers
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Visualizing the World’s Largest Copper Producers
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Man has relied on copper since prehistoric times. It is a major industrial metal with many applications due to its high ductility, malleability, and electrical conductivity.
Many new technologies critical to fighting climate change, like solar panels and wind turbines, rely on the red metal.
But where does the copper we use come from? Using the U.S. Geological Survey’s data, the above infographic lists the world’s largest copper producing countries in 2021.
The Countries Producing the World’s Copper
Many everyday products depend on minerals, including mobile phones, laptops, homes, and automobiles. Incredibly, every American requires 12 pounds of copper each year to maintain their standard of living.
North, South, and Central America dominate copper production, as these regions collectively host 15 of the 20 largest copper mines.
Chile is the top copper producer in the world, with 27% of global copper production. In addition, the country is home to the two largest mines in the world, Escondida and Collahuasi.
Chile is followed by another South American country, Peru, responsible for 10% of global production.
Rank | Country | 2021E Copper Production (Million tonnes) | Share |
---|---|---|---|
#1 | 🇨🇱 Chile | 5.6 | 27% |
#2 | 🇵🇪 Peru | 2.2 | 10% |
#3 | 🇨🇳 China | 1.8 | 8% |
#4 | 🇨🇩 DRC | 1.8 | 8% |
#5 | 🇺🇸 United States | 1.2 | 6% |
#6 | 🇦🇺 Australia | 0.9 | 4% |
#7 | 🇷🇺 Russia | 0.8 | 4% |
#8 | 🇿🇲 Zambia | 0.8 | 4% |
#9 | 🇮🇩 Indonesia | 0.8 | 4% |
#10 | 🇲🇽 Mexico | 0.7 | 3% |
#11 | 🇨🇦 Canada | 0.6 | 3% |
#12 | 🇰🇿 Kazakhstan | 0.5 | 2% |
#13 | 🇵🇱 Poland | 0.4 | 2% |
🌍 Other countries | 2.8 | 13% | |
🌐 World total | 21.0 | 100% |
The Democratic Republic of Congo (DRC) and China share third place, with 8% of global production each. Along with being a top producer, China also consumes 54% of the world’s refined copper.
Copper’s Role in the Green Economy
Technologies critical to the energy transition, such as EVs, batteries, solar panels, and wind turbines require much more copper than conventional fossil fuel based counterparts.
For example, copper usage in EVs is up to four times more than in conventional cars. According to the Copper Alliance, renewable energy systems can require up to 12x more copper compared to traditional energy systems.
Technology | 2020 Installed Capacity (megawatts) | Copper Content (2020, tonnes) | 2050p Installed Capacity (megawatts) | Copper Content (2050p, tonnes) |
---|---|---|---|---|
Solar PV | 126,735 MW | 633,675 | 372,000 MW | 1,860,000 |
Onshore Wind | 105,015 MW | 451,565 | 202,000 MW | 868,600 |
Offshore Wind | 6,013 MW | 57,725 | 45,000 MW | 432,000 |
With these technologies’ rapid and large-scale deployment, copper demand from the energy transition is expected to increase by nearly 600% by 2030.
As the transition to renewable energy and electrification speeds up, so will the pressure for more copper mines to come online.
Mining
Why Copper and Nickel Are the Key Metals for Energy Utopia
With more renewables and EVs plugging into the grid, copper and nickel are essential building blocks for the energy transition.
Copper and Nickel: The Key Metals for Energy Utopia
The raw materials required to transport and store clean energy are critical for the energy transition. Copper and nickel are two such metals.
Copper is essential for the transmission and distribution of clean electricity, while nickel powers lithium-ion batteries for EVs and energy storage systems.
The above infographic sponsored by CanAlaska Uranium explores how copper and nickel are enabling green technologies and highlights why they are essential for a utopian energy future.
Copper: Transporting Clean Energy
When it comes to conducting electricity, copper is second only to silver. This property makes it an indispensable building block for multiple energy technologies, including:
- Electric vehicles: On average, a typical electric car contains 53kg of copper, primarily found in the wirings and car components.
- Solar power: Solar panels use 2.8 tonnes of copper per megawatt (MW) of installed capacity, mainly for heat exchangers, wiring, and cabling.
- Wind energy: Onshore wind turbines contain 2.9 tonnes of copper per MW of capacity. Offshore wind turbines, which typically use copper in undersea cables, use 8 tonnes per MW.
- Power grids: Copper, alongside aluminum, is the preferred choice for electric transmission and distribution networks due to its reliability and efficiency.
BloombergNEF projects that, due to its expansive role in clean energy, the demand for copper from clean energy applications will double by 2030 from 2020 levels. The table below compares annual copper demand from clean energy, in tonnes, in 2020 vs. 2030:
Year | Power Grids | EV batteries | Wind | Solar | EV charging | Total (tonnes) |
---|---|---|---|---|---|---|
2020 | 1,700,000 | 210,000 | 165,000 | 83,000 | 4,200 | 2,162,200 |
2030P | 2,000,000 | 1,800,000 | 352,000 | 104,000 | 47,100 | 4,303,100 |
Although power grids will account for the largest portion of annual copper demand through 2030, EV batteries are projected to spearhead the growth.
Nickel: Powering Lithium-ion Batteries
Nickel is a key ingredient in lithium-ion batteries for EVs and stationary energy storage systems. For EVs, nickel-based cathodes offer more energy density and longer driving ranges as compared to cathodes with lower nickel content.
According to Wood Mackenzie, batteries could account for 41% of global nickel demand by 2030, up from just 7% in 2021.
End-use | 2021 % of Nickel Demand | 2040P % of Nickel Demand |
---|---|---|
Stainless steel | 69% | 45% |
Battery precursors | 7% | 41% |
Other | 24% | 14% |
Nickel-based cathodes for lithium-ion batteries, including NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum), are prevalent in EVs and make up more than 50% of the battery cathode chemistry market.
A Bright Future for Copper and Nickel
Both copper and nickel are essential building blocks of EVs and other key technologies for the energy transition and ultimately energy utopia.
As more such technologies are deployed, these metals are likely to be in high demand, with clean energy applications supplementing their existing industrial uses.
CanAlaska is a leading exploration company with a strategic portfolio of uranium, nickel, and copper projects in North America. Click here to learn more.
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