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COPPER MEETS
OUR FUTURE NEEDS
i U.S. Geological Survey, 2020ii International Copper Study Group, 2018
iii U.S. Geological Survey, 2014 & 2017iv International Copper Study Group, 2017
Reserves (million tonnes) Mine Production (million tonnes)
Reserves/MineProduction Ratio (years)
800
700
600
500
400
300
’50 ’55 ’60 ’65 ’70 ’75 ’80 ’85 ’90 ’95 ’00 ’05 ’10 ’11 ’14’12 ’15’13 ’16 ’17
200
100
0
38 50 39 42 47 61 49 43 35 35 26 31 40 43 3840 3838 36 40
HISTORICAL COPPER RESERVES VS. COPPER ANNUAL PRODUCTION
in million tonnes (USGS, 2018)
Cu
Recycling and the circular economy play key roles in meeting future copper demand.
COPPER IS A CIRCULAR MATERIAL AS IT DOES NOT LOSE QUALITY WHEN IT IS REUSED FOR ANOTHER FUNCTION. RECYCLING MORE COPPER WILL HELP MEET DEMAND AND CONSERVE MORE OF THE PLANET’S NATURAL RESOURCES.
sustainablecopper.org thinkcopper
COPPER IS PRODUCED IN MORE THAN 20 COUNTRIES across the globe, with the world’s largest producers being Chile, Peru, China and the U.S., according to the International Copper Study Group (ICSG).iv
Annual Cu needed to meet demand
Est. annual global Cu recycling
According to USGS data, since 1950 there has always been, on average, 40 years of copper reserves and over 200 years of resources left, which include reserves, discovered and potentially profitable deposits and undiscovered deposits predicted based on preliminary geological surveys.i
CURRENT GLOBALCU RESERVES
870MILLION TONNESi
ANNUAL GLOBALCU USAGE
28MILLION TONNESii
COPPER RESOURCES
5,000MILLION TONNESiii
9.8
18.2
STATUS: Exploration Feasibility Developing Operating
Cobre Panama
Kakula & Kamoa
Resolution
Tampakan
El Pachon
La Granja
Taca Taca
Agua Rica
BaimskayaGalore Creek
Reko Diq
Vizcachitas
Ann Mason
Chaucha
Llurimagua
Jose Maria
King KingConga
Kimpe
El Arco
Shaft Creek
Frieda River
Panantza
Michiquillay
Los ChancasRosemont
Norte AbiertoWafi Golpu
Cascabel (Alpala)
Aynak
Rio BlancoEl Galeno
Yandera
NuevaUnion
Casino
AltarCañariacoPebble
Los AzulesHaquira
Radomiro Tomic(Sulphides)
Udokan
Quellaveco
DeziwaNicico (total projects)
Spence (Concs.)
Santo Domingo
Tia Maria
Ak-Sug
Mina Justa
Qulong
Pumpkin Hollow (incl. Exp)
Quebrada Blanca (Concs.)
COPPER MINE PROJECTS (CAP ≥100KTPY CU)
Total annual capacity of listed projects in this
chart with capacity ≥ 100 ktpy Cu is 11 Mt copper
Total annual capacity of other projects with
capacity below 100 ktpy Cu is 4 Mt copper
Projects in this box planned for after 2023 (not in chronologic order,
startup date NA)
sustainablecopper.org thinkcopper
Many operational mines have announced or are pending expansion plans.
COPPER PLAYS A KEY ROLE IN THE TRANSITION TO A CLEAN ENERGY ECONOMY. From smart homes to electric vehicles and energy storage, copper’s versatility makes it core to a variety of energy-efficient and renewable energy sources.
Extracting copper, therefore, is not reliant on one particular country or region, as is the case for other raw materials. This translates into
GREATER STABILITY FOR THE COPPER MARKET and lowers the copper risk profile.
Take a look at the current and
upcoming global mining projects
courtesy of the ICSG.
2019 Capacity Expansion until 2023 Future/Under consideration
800
1000
700
900
600
500
400(000t
Cu)
300
Oly
mpi
c D
Oyu
Tol
goi
El A
bra
Batu
Hija
u
And
ina
Cand
elar
ia
Los
Bron
cos
Sico
min
es
Cobr
a Pa
nam
a
Salo
bo
Cham
bish
i
Espe
ranz
a
Saff
ord
Colla
huas
i
Toro
moc
ho
Los
Pela
mbr
es
Akt
ogay
Kans
ansh
i
200
100
0
ANNOUNCED/POSSIBLE CAPACITY EXPANSION AT SELECTED MINES*
Possible future expanded capacity
at listed mines = 2.8 Mt Cu
*So
me
pen
din
g a
pp
rova
l
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