ICSG forecasts that global refined copper production will increase by around 2.9% to 28.9 million tons in 2025. This is driven by the continued expansion of production capacity in China and the start-up of new plants in other countries such as Indonesia, India and the Democratic Republic of Congo. Copper demand is expected to increase by 2.4% to 28 million tons in 2025. Top 20 copper producing countries in 2024
Place Country Production volume (million tons)
1 Chile 5.3
2 Democratic Republic of Congo 3.3
3 Peru 2.6
4 China 1.8
5 Indonesia 1.1
6 USA 1.1
7 Russia 0.93
8 Australia 0.8
9 Kazakhstan 0.74
10 Mexico 0.7
11 Zambia 0.65
12 Canada 0.6
13 Poland 0.5
14 Brazil 0.4
15 Mongolia 0.35
16 Iran 0.3
17 Armenia 0.25
18 Serbia 0.2
19 Bolivia 0.18
20 Turkey 0.15
Source: USGS, ICSG, 2024
