COPPER MEETS OUR FUTURE NEEDS i U.S. Geological Survey, 2020 ii International Copper Study Group, 2018 iii U.S. Geological Survey, 2014 & 2017 iv International Copper Study Group, 2017 Reserves (million tonnes) Mine Production (million tonnes) Reserves/MineProduction Ratio (years) 800 700 600 500 400 300 ’50 ’55 ’60 ’65 ’70 ’75 ’80 ’85 ’90 ’95 ’00 ’05 ’10 ’11 ’14 ’12 ’15 ’13 ’16 ’17 200 100 0 38 50 39 42 47 61 49 43 35 35 26 31 40 43 38 40 38 38 36 40 HISTORICAL COPPER RESERVES VS. COPPER ANNUAL PRODUCTION in million tonnes (USGS, 2018) Cu Recycling and the circular economy play key roles in meeting future copper demand. COPPER IS A CIRCULAR MATERIAL AS IT DOES NOT LOSE QUALITY WHEN IT IS REUSED FOR ANOTHER FUNCTION. RECYCLING MORE COPPER WILL HELP MEET DEMAND AND CONSERVE MORE OF THE PLANET’S NATURAL RESOURCES. sustainablecopper.org thinkcopper COPPER IS PRODUCED IN MORE THAN 20 COUNTRIES across the globe, with the world’s largest producers being Chile, Peru, China and the U.S., according to the International Copper Study Group (ICSG). iv Annual Cu needed to meet demand Est. annual global Cu recycling According to USGS data, since 1950 there has always been, on average, 40 years of copper reserves and over 200 years of resources left, which include reserves, discovered and potentially proftable deposits and undiscovered deposits predicted based on preliminary geological surveys. i CURRENT GLOBAL CU RESERVES 870 MILLION TONNES i ANNUAL GLOBAL CU USAGE 28 MILLION TONNES ii COPPER RESOURCES 5,000 MILLION TONNES iii 9.8 18.2
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COPPER MEETS
OUR FUTURE NEEDS
i U.S. Geological Survey, 2020ii International Copper Study Group, 2018
iii U.S. Geological Survey, 2014 & 2017iv International Copper Study Group, 2017
Reserves (million tonnes) Mine Production (million tonnes)
HISTORICAL COPPER RESERVES VS. COPPER ANNUAL PRODUCTION
in million tonnes (USGS, 2018)
Cu
Recycling and the circular economy play key roles in meeting future copper demand.
COPPER IS A CIRCULAR MATERIAL AS IT DOES NOT LOSE QUALITY WHEN IT IS REUSED FOR ANOTHER FUNCTION. RECYCLING MORE COPPER WILL HELP MEET DEMAND AND CONSERVE MORE OF THE PLANET’S NATURAL RESOURCES.
sustainablecopper.org thinkcopper
COPPER IS PRODUCED IN MORE THAN 20 COUNTRIES across the globe, with the world’s largest producers being Chile, Peru, China and the U.S., according to the International Copper Study Group (ICSG).iv
Annual Cu needed to meet demand
Est. annual global Cu recycling
According to USGS data, since 1950 there has always been, on average, 40 years of copper reserves and over 200 years of resources left, which include reserves, discovered and potentially profitable deposits and undiscovered deposits predicted based on preliminary geological surveys.i
Projects in this box planned for after 2023 (not in chronologic order,
startup date NA)
sustainablecopper.org thinkcopper
Many operational mines have announced or are pending expansion plans.
COPPER PLAYS A KEY ROLE IN THE TRANSITION TO A CLEAN ENERGY ECONOMY. From smart homes to electric vehicles and energy storage, copper’s versatility makes it core to a variety of energy-efficient and renewable energy sources.
Extracting copper, therefore, is not reliant on one particular country or region, as is the case for other raw materials. This translates into
GREATER STABILITY FOR THE COPPER MARKET and lowers the copper risk profile.
Take a look at the current and
upcoming global mining projects
courtesy of the ICSG.
2019 Capacity Expansion until 2023 Future/Under consideration
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ANNOUNCED/POSSIBLE CAPACITY EXPANSION AT SELECTED MINES*