What is Copper Mining Market?
Copper mining is a method which is used to obtain copper from its ores. It is found in both igneous and sedimentary rocks. It has a high thermal conductivity and electrical by the enviable superiority of this it is widely used in solar energy transmission, high-speed data transmission lines, buildings, alloy materials, superconductor, and others. It is also widely used as bacteriostatic substances, fungicides, and timber preservatives. Massive infrastructure developments planned in Asia, South America and Africa are some of the major drivers which are propelling the growth of the market.
The market study is being classified by Type (Cuprite, Chalcocite, Bornite, Malachite, Azurite and Chalcopyrite), by Application (Metal Processing Industry, Chemical Industry and Others) and major geographies with country level break-up.
Freeport-McMoRan Inc., (United States), Glencore International AG, (Switzerland), Amerigo Resources Ltd., (Canada), BHP Billiton Ltd., (Australia), Codelco (Chile), Bougainville Copper Limited. (Indonesian), Advance SCT Ltd. (Singapore), Southern Copper Corp (United States), Global Hunter Corp. (Canada) and Caribou King Resources Ltd (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Dot Resources Ltd (Canada) and African Copper PLC (United Kingdom).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Copper Mining market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Copper Mining market by Type, Application and Region.
On the basis of geography, the market of Copper Mining has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Major Copper Mining Nations Such as Chile, Peru and Others are Investing Large Amounts
- Increasing Complexity and Project Cost Associated With Copper Mining
- Increasing Investments in Construction Projects
Market Trend
- Technology Advancement in Copper Mining
Restraints
- Rising Operating Costs in the Copper Mining Industry
Opportunities
- Escalating Demand of Copper from Industrial Economies Such as China and India
Challenges
- Resource Scarcity and Fewer High-Quality Ore Deposits
- Shortage of Technically Skilled Labour
Market Leaders and some development strategies
In March 2021, Doré Copper Mining Corp. is pleased to announce that it has entered into option agreements to acquire a 100% interest in the former producing Norbeau gold mine property and the contiguous Beaurox property, a major land position totaling approximately 1,400 hectares, located 15 kilometers by road north from the Corporation’s Copper Rand mill in the Chibougamau mining camp in northwestern Québec, Canada (Figure 1). All dollar amounts are stated in Canadian Dollars., and In October 2018, the Freeport-McMoRan Inc., (United States) Company had acquired the majority stake in the early stage Chile project, which is the largest open pit copper mine
In Nov. 2020 - Copper Mountain Mining Corporation is pleased to announce a new life of mine plan, which includes a proposed mill expansion to 65,000 tonnes per day ("65ktpd Expansion"), for its 75% owned Copper Mountain Mine, located in southern British Columbia.
Key Target Audience
Manufacturers of Copper Mining, Suppliers of Copper Mining, Product Distributors, Wholesalers, distributors and retailers of Copper Mining, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others