5 Countries With The Largest Copper Reserves In The World

3. Peru 

Copper Reserves As Of 2022: 81 million metric tons 

Peru is the third-largest holder of copper reserves globally, as it boasts approximately 81 million metric tons, according to USGS. These reserves are concentrated in the Antamina and Cerro Verde mines, which are amongst the world’s largest copper mines. For instance, the Cerro Verde II copper mine, largely operated by Freeport-McMoRan Inc (NYSE:FCX), has an output capacity of 500 thousand metric tons. Despite various environmental sustainability and social responsibility challenges, Peru’s copper mining industry is a vital component of its economy.