Procurement Resource’s New Global Copper Mining Industry Intelligence Report (2022) - Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

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According to a new report by Procurement Resource titled, ‘Global Copper Mining Industry Report: Analysis and Forecast 2022-2027’, the global copper mining market is expected to grow at a CAGR of 3.5% in the forecast period of 2022-2027.

Category Driver

The global copper mining market is expected to grow because of the increasing use of copper in the building and construction sector. Due to copper’s characteristics like high electric and thermal conductivity, it is easy to alloy and twist into wires; it is widely used in the building and construction industry. China is spearheading the demand for copper, owing to the rising number of new constructions in the country. In addition, construction projects have risen because of the vast population and the rise in incomes in emerging nations, which eventually led to an increase in the demand for copper.

Industry Developments in Terms of Technology/Innovation/R&D/Sustainability

In December 2021, Capstone Mining Corp. and Mantos Copper Ltd entered a partnership. After the transaction, Mantos will be renamed, Capstone Copper. Meanwhile, in December 2021, Kavango also announced that it has entered an exclusive, three-month option to acquire 85.23% of Kalahari Key Mineral Exploration Proprietary Ltd. These acquisitions are expected to augment copper mining category growth.

Key Findings of the Report:

  • The Asia Pacific region holds most of the market share in terms of consumption.
  • The South American region is the leading producer of copper, owing to the presence of a vast number of copper resources and increasing investments.
  • Production shutdowns due to COVID-19 have resulted in supply constraints, thus, increasing prices in China.
  • The Production of copper in North America has reduced over the years.
  • In June 2021, China announced plans to release industrial metals like copper, aluminium, and zinc to curb commodity prices.
  • China holds a prominent role in both the consumption and production of copper.
  • The industry report includes insights of copper by region, type of mining, and end-uses. The drivers and constraints of the copper mining market have also been provided.
  • The industry report includes value chain analysis, cost structure, price movement, demand and price indicators, negotiation levers, and procurement best practices
  • Key suppliers in the report include Glencore plc, BHP Group Ltd, Rio Tinto Group, KGHM Polska Miedz S.A, and Vale S.A.

Why Choose Procurement Resource?

  • The copper mining industry report includes preferred sourcing strategies by key suppliers present in the industry
  • The report provides an overview of the production process along with recent technologies being positioned
  • The information regarding price movement, price hedging, feedstock prices, and feedstock demand-supply is also included in the report
  • The copper mining industry report further offers category-specific regional trends and market dynamics
  • The report also covers supplier profiles, including financial data, product portfolio, and recent category-based initiatives 
  • It provides extensive data pertaining to the demand, supply, cost, and pricing of copper, along with an in-depth analysis on key indicators on category demand and pricing 
  • The copper mining industry report provides category-based buyer and supplier negotiation levers and sourcing and procurement practices
  • The report extensively assesses the demand influencing and restricting factors on a regional and global level

About Us:

At Procurement Resource we have a team of highly skilled and seasoned experts who undertake extensive research to deliver our customers the newest and most up-to-date sourcing and procurement reports, cost models, price analysis, benchmarking, and category insights, which support our clientele to simplify their procurement process. Procurement Resource ensures that our clients remain at the forefront of their industries by offering actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. We work with a varied collection of procurement teams across industries to get insights and real-time data that our customers can effectively execute. Our team also tracks the prices and production costs of a broad range of goods and commodities, thus, providing our clients with updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge methodologies in the industry, assist our clients to understand the supply chain, procurement, and industry environment to form strategies that ensure their optimum growth and success in every step.

Contact Us:

Procurement Resource
Website: https://www.procurementresource.com/
Email: sales@procurementresource.com
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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