The USA: Copper mine production in metric tons: The latest value from 2020 is 1200000 metric tons, a decline from 1260000 metric tons in 2019. In comparison, the world average is 387920 metric tons, based on data from 53 countries. Historically, the average for the USA from 2001 to 2020 is 1228947 metric tons. The minimum value, 1110000 metric tons, was reached in 2010 while the maximum of 1430000 metric tons was recorded in 2016.

Graph and download economic data for Industrial Production: Mining: Copper, Nickel, Lead, and Zinc Mining (NAICS = 21223) (IPG21223SQ) from Q1 1972 to Q1 2025 about zinc, lead, nickel, copper, mining, metals, IP, production, industry, indexes, and USA.

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Copper Market Size 2024-2028

The copper market size is forecast to increase by USD 70 billion at a CAGR of 6.78% between 2023 and 2028.

The market is experiencing significant growth, driven by the high demand for copper In the Asia-Pacific region, particularly in China, due to its extensive use in electrical wiring and construction industries. Technological innovations, such as the increasing adoption of electric vehicles and renewable energy sources, are further fueling the demand for copper. However, the market is also facing challenges from the volatility in copper prices, which can impact the profitability of copper producers and consumers alike. Copper prices have been influenced by various factors, including supply and demand imbalances, geopolitical tensions, and economic conditions. To mitigate these challenges, market participants are focusing on improving operational efficiency, exploring new sources of supply, and implementing price risk management strategies.

What will be the Size of the Copper Market During the Forecast Period?

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Copper, the reddish-brown metal known for its excellent conductivity, plays a crucial role in various industries including electrical wiring, transportation, plumbing, telecommunications, and network layouts. Its high conductivity makes it an ideal choice for transmitting electricity and data. In electrical applications, copper is used in transformers, printed circuit boards, and In the manufacturing sectors for machinery and wind turbines. The metal's corrosion resistance, malleability, and antimicrobial properties make it suitable for use in plumbing systems and infrastructure projects.
Moreover, the increasing adoption of electric vehicles, IoT, and electric grids further boosts the demand for copper in power generation, transmission, and electronic devices. Carbon emission regulations also contribute to the growth of the market, as the metal is a key component in low-carbon technologies such as solar panels. Primary copper, which is extracted from ores, and secondary copper, which is recycled, are the two main types of copper used in various industries. Overall, the versatility and unique properties of copper make it an essential metal for numerous applications.

How is this Copper Industry segmented and which is the largest segment?

The copper industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Electrical and electronics
  Construction
  Telecommunication
  Transportation
  Others


Type

  Primary
  Secondary


Geography

  APAC

    China
    Japan
    South Korea


  Europe

    Germany
    Spain


  North America

    US
    Canada


  Middle East and Africa

    South Africa


  South America

    Brazil

By Application Insights

The electrical and electronics segment is estimated to witness significant growth during the forecast period.Copper, a redish-brown metal known for its exceptional conductivity, plays a pivotal role in various sectors, including Electrical Wiring, Transportation, Plumbing, Telecommunications, and Infrastructure projects. Its high conductivity makes it an ideal choice for network layouts in power generation applications such as generators, transformers, and transmission lines. Copper's corrosion resistance, malleability, and antimicrobial properties contribute to its extensive use in electrical wiring systems, printed circuit boards, and roofing materials. In the manufacturing sectors, copper is used in machinery, wind turbines, and solar panels due to its superior electrical conductivity. The transportation sector leverages copper in electric vehicles and IoT devices for their electrical systems.

Moreover, power generation and transmission are major consumers of primary copper from mining copper ores and concentrates through smelting and refining processes to produce pure copper cathodes and refined copper products. Carbon emission regulations drive the demand for copper in power generation and transmission, as it is a key component in reducing carbon emissions. Copper's versatility extends to various applications including telecommunications, where it is used In the production of cables and connectors, and in plumbing systems for its resistance to corrosion and durability. Overall, copper's unique properties make it an indispensable element In the modern world, from power generation and transmission to electronic devices and infrastructure projects.

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The electrical and electronics segment was valued at USD 73.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to

Forecast: Copper Concentrates Mine Production in the US 2022 - 2026 Discover more data with ReportLinker!

This dataset provides values for COPPER PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

United States USGS: Coincident Index: Copper Industry: Growth Rate data was reported at 4.800 % in May 2018. This records a decrease from the previous number of 5.400 % for Apr 2018. United States USGS: Coincident Index: Copper Industry: Growth Rate data is updated monthly, averaging 0.800 % from Jun 2011 (Median) to May 2018, with 84 observations. The data reached an all-time high of 9.900 % in Aug 2011 and a record low of -6.600 % in Nov 2014. United States USGS: Coincident Index: Copper Industry: Growth Rate data remains active status in CEIC and is reported by United States Geological Survey. The data is categorized under Global Database’s USA – Table US.WB001: Metal Industry Indicator Indices.

The average for 2020 based on 6 countries was 1382480 metric tons. The highest value was in Chile: 5733100 metric tons and the lowest value was in Bolivia: 2822 metric tons. The indicator is available from 2001 to 2020. Below is a chart for all countries where data are available.

The report covers Copper Usage by Industry and is segmented by End-user Industry (Automotive and Heavy Equipment, Construction, Electrical and Electronics, Industrial, and Other End-user Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecast for the copper market in volume (kilo tons) for all the above segments.

Graph and download economic data for Refined Copper Production, United States Refineries for United States (M0147BUSM601NNBR) from Jul 1933 to Sep 1955 about refined, copper, metals, production, and USA.

United States USGS: Leading Index: Copper Industry: Growth Rate data was reported at 1.500 % in May 2018. This records a decrease from the previous number of 3.200 % for Apr 2018. United States USGS: Leading Index: Copper Industry: Growth Rate data is updated monthly, averaging 1.700 % from Jun 2011 (Median) to May 2018, with 84 observations. The data reached an all-time high of 9.300 % in Feb 2013 and a record low of -8.300 % in Sep 2011. United States USGS: Leading Index: Copper Industry: Growth Rate data remains active status in CEIC and is reported by United States Geological Survey. The data is categorized under Global Database’s USA – Table US.WB001: Metal Industry Indicator Indices.

Forecast: Alloyed Copper Production in the US 2024 - 2028 Discover more data with ReportLinker!

CanariaView Global Copper Demand Forecasting Dataset

  Description

This dataset encompasses economic and industrial indicators vital for constructing a copper demand forecasting model. Coverage Period: Monthly data from January 1995 to March 2023, encompassing a total of 339 months. Column Descriptions and Sources:

HSI_value (US Housing Starts Index): Y-Chart CCI_value (Consumer Confidence Index): OECD IPI_value (Industrial Production Total Index): FRED GDPC_value (Real… See the full description on the dataset page: https://huggingface.co/datasets/CanariaView/GlobalCopperDemandForecastingDataset.

Forecast: Primary Smelting and Refining of Copper Industry Gross Output in the US 2024 - 2028 Discover more data with ReportLinker!

This data release contains the U.S. salient statistics and world production data extracted from the COPPER data sheet of the USGS Mineral Commodity Summaries 2022.

This dataset provides a comprehensive, site-specific global assessment of land use areas associated with copper mining activities as of 2022. Using machine learning methodologies applied to multispectral remote sensing data, we mapped and classified operational land-use features, including open-cut pits, waste rock dumps, and tailings storage facilities. The dataset covers a total of 1,313 copper mines across 80 countries, encompassing a combined spatial extent of approximately 7,267 km².

Observations were made using Sentinel-2 satellite imagery, characterized by high spectral (13 bands, 443–2203 nm) and spatial (10 m) resolution. Parameters measured include spectral reflectance values, Normalized Difference Vegetation Index (NDVI), Normalized Difference Water Index (NDWI), Bare Soil Index (BSI), Enhanced Vegetation Index (EVI), Index-Based Built-up Index (IBI), and topographic information derived from Digital Elevation Models (DEM). Operational data, including historical copper production, production capacity, mining intensity, start and end dates of operations, were integrated from Standard & Poor’s and the US Geological Survey databases.

The temporal coverage of the dataset is the year 2022, ensuring temporal consistency and accuracy across global mining areas. Spatial coverage is global, with significant data density in regions such as Canada, Australia, China, the United States, Chile, Peru, and Mexico.

The primary purpose of this dataset was to quantify and evaluate the environmental impacts of global copper mining, particularly land use intensity and potential ecological consequences of mining activities. This dataset enables detailed environmental assessments, aids in ecological risk management, supports supply chain sustainability studies, and assists policy-makers and stakeholders in improving resource management and minimizing ecological impacts.

Data collection involved preprocessing Sentinel-2 satellite imagery via the Google Earth Engine (GEE) platform, applying cloud-free median composites, and training a Random Forest classification algorithm using manually collected sample points for accurate delineation of mining features. Model validation achieved an overall accuracy of 91.08%.

The dataset is provided in vector format, containing polygons annotated with detailed operational attributes, specifically: 1. Name: Copper mine name; 2. Latitude: Latitudinal coordinates of the mine centroid (WGS84, decimal degrees); 3. Longitude: Longitudinal coordinates of the mine centroid (WGS84, decimal degrees); 4. P_C: Primary commodity extracted from the mine; 5. List_of_C: List of secondary commodities extracted; 6. A_S: Activity status of the mine (e.g., Active, Inactive); 7. State/Prov: State or province location of the mine; 8. Country: Country location of the mine; 9. Land_use: Area altered by mining activities (square meters); 10. Cum_Prod: Historical cumulative copper production (metric tons); 11. MI: Mining intensity (100 m²/ton)

This structure facilitates easy integration and usability across multiple research and management disciplines. The Google Earth Engine (GEE) script used for remote sensing classification is also included to facilitate replication and further analysis.

Copper fell to 5.45 USD/Lbs on July 14, 2025, down 1.52% from the previous day. Over the past month, Copper's price has risen 13.70%, and is up 20.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on July of 2025.

Forecast: Unalloyed Copper Production in the US 2024 - 2028 Discover more data with ReportLinker!

United States USGS: Leading Index: Copper Industry data was reported at 130.300 1977=100 in May 2018. This records a decrease from the previous number of 131.200 1977=100 for Apr 2018. United States USGS: Leading Index: Copper Industry data is updated monthly, averaging 103.152 1977=100 from Jan 1948 (Median) to May 2018, with 845 observations. The data reached an all-time high of 131.700 1977=100 in Jan 2018 and a record low of 73.356 1977=100 in Feb 1949. United States USGS: Leading Index: Copper Industry data remains active status in CEIC and is reported by United States Geological Survey. The data is categorized under Global Database’s USA – Table US.WB001: Metal Industry Indicator Indices.

United States USGS: Coincident Index: Copper Industry data was reported at 105.500 1977=100 in May 2018. This stayed constant from the previous number of 105.500 1977=100 for Apr 2018. United States USGS: Coincident Index: Copper Industry data is updated monthly, averaging 101.645 1977=100 from Jan 1948 (Median) to May 2018, with 845 observations. The data reached an all-time high of 125.797 1977=100 in Oct 1997 and a record low of 63.042 1977=100 in Nov 1959. United States USGS: Coincident Index: Copper Industry data remains active status in CEIC and is reported by United States Geological Survey. The data is categorized under Global Database’s USA – Table US.WB001: Metal Industry Indicator Indices.

Forecast: Recoverable Copper Production in the US 2024 - 2028 Discover more data with ReportLinker!