Unveiling the Elite 10: The Leading Copper Titans of 2024!
1. Codelco
Chile’s state-owned Codelco (Corporación Nacional del Cobre de Chile) stands tall as the largest producer of copper globally as of 2024. This heavyweight mines an approximate 1.9 million metric tons, solidifying its pole position. Its flagship project, the Chuquicamata underground mine, famously considered the largest open-pit copper mine globally, lives up to its reputation, maintaining the company’s enormous production figures.
2. BHP Group
The BHP Group, an Anglo-Australian multinational mining, metals, and petroleum dual-listed public company, occupies the second spot in top copper-producing companies. The Escondida mine in Chile, owned by BHP, contributed heavily to their annual production of 1.7 million metric tons. Not only that, BHP has been progressively investing in sustainable practices, making it a key player in environment-friendly copper mining.
3. Freeport-McMoRan Inc.
Arizona-based Freeport-McMoRan Inc. is the third on our list. Best known for operations of the Grasberg mine in Indonesia, which is one of the world’s largest copper and gold mines. As of 2024, the reported copper production reached 1.5 million tons, thanks to its significant operations in North and South America.
4. Glencore
Switzerland-based Glencore holds fourth place among top copper producers. Its major mining operations are mainly in Africa and Australia, where it has managed to extract approximately 1.3 million tons of copper in 2024. Glencore shows no signs of slowing down, with plans for expansions and new mining projects.
5. Southern Copper Corporation
The Southern Copper Corporation, an American mining company, has shown its prowess in copper production. The Toquepala and Cuajone mines in Peru and the Cananea mine in Mexico are their flagship mining sites. With copper production reaching approximately 1.1 million metric tons, the company firmly holds the fifth position on our list.
6. Antofagasta
Antofagasta, a Chilean-based copper mining group, comes in at sixth place. The company achieved production of approximately 900,000 tons in 2024, sourced predominantly from their Los Pelambres, Esperanza, and El Tesoro mining projects.
7. KGHM Polska Miedź
KGHM Polska Miedź, a Polish state-controlled