The United States Geological Survey released its most recent set of data on copper-producing countries, and Copper Investing News took a look to see who made the top ten. Below is a list of the top ten copper producing countries as reported by the USGS, ordered by total production.
1. Chile – As the Economist reports, the red metal provides 20 percent of the country’s gross domestic product and accounts for 60 percent of its exports.
2. China – the world’s largest single consumer of copper, hit record rates of production for the red metal in November 2013, according to Reuters.
3. Peru – Peru This Week reported that the country’s mining production could rise by as much as ten percent in 2014, and Peru’s Energy and Mines Minister Jorge Merino projected a seventeen percent increase in copper production alone as the result of several new projects set to open in the year ahead.
4. U.S. – The U.S. saw 1,220,000 tons of copper production for 2013, up slightly from its figure of 1,170,000 tons in 2012. The total copper production in the U.S. is worth more than $1 billion.
5. Australia – 990,000 tons of copper were produced in Australia in 2013, marking an increase from 958,000 tons in 2012.
Find out the other top 10 copper copper producing countries on copperinvestingnews.com
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