One-third of Global Copper Supply Comes from Chile and Peru

What we’re showing?

Estimated copper production by country in 2023, in million tonnes. 

Key takeaway

Chile and Peru account for one-third of the world's copper output.

Arizona is the leading copper-producing state in the U.S., accounting for approximately 70% of domestic output. Copper is also mined in Michigan, Missouri, Montana, Nevada, New Mexico, and Utah.

In April 2024, the price of copper soared to its highest level since 2022 as investors speculated that constrained ore supply would find it difficult to match the growing global demand.