Top 10 largest copper mining companies in 2022 - report

- The world’s top 10 largest copper mining companies ranked by reported attributable mined copper production in 2022 .

Freeport-McMoRan is the world’s second largest copper mining company with attributable copper production of 1,526 thousand tonnes in 2022, which is 8.5% more than a year ago, primarily due to strong production performance at Grasberg. Glencore sits fourth. The company’s 2022 own sourced copper production of 1,058 thousand tonnes was 12% lower than in 2021 due to ongoing geotechnical constraints at Katanga, the basis change arising from the sale of Ernest Henry in January 2022, Collahuasi mine sequencing and a lower contribution from Mount Isa.

China’s Zijin Mining ranked sixth with 859,000 tonnes of mine-produced copper in 2022 . The company increased its annual copper output following the successful production commencement of key projects such as the Upper Zone of the Cukaru Peki copper and gold mine in Serbia, the Kamoa-Kakula copper mine and the Julong copper mine in Tibet.

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Glencore CEO Says His Company Is Cheapest Way to Benefit From Copper BoomGlencore boss Gary Nagle said his company is the cheapest way to buy exposure to a coming copper boom as he predicted a renewed spree of dealmaking in the mining industry. The mining industry had largely turned its back on big-ticket deals after a series of disastrous transactions at the height of the last commodity boom, but a looming shortage of metal needed for the green-energy transition is likely to drive a new wave of consolidation, Nagle said in an interview last week. Suspect Crtm will have lots of interested partners
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