5 Biggest Copper Companies in the World

1. Codelco (Private)

Revenue in 2021: $21 billion

Codelco is a Chilean state-owned copper mining company. It is the largest copper-producing company in the world. The company produced 1.73 million metric tonnes of copper in 2021. Moreover, in the last decade, Codelco’s copper production peaked in 2015 at 1.89 million metric tonnes of copper produced.

Codelco has been the world’s largest copper producer for a long time, but its position seems to be threatened by recent developments. The company cut its production guidance for 2022 from 1.61 million tonnes to the range of 1.49 million and 1.51 million. Codelco claims that the decline in production is due to lower recovery levels at the Chuquicamata site in Chile and fatal accidents that put a pause on some construction works. Additionally, Codelco plans on reducing exports to China by 50% due to production challenges.

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