According to GlobalData, Mexico is the world’s ninth-largest producer of copper in 2022, with output up by 3% on 2021. Over the five years to 2021, production from Mexico decreased by a CAGR of 0.17% and is expected to rise by a CAGR of 4% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Copper Mining to 2026 report. Buy the report here.
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Mexico accounts for 4% of global production, with the largest producers being Chile, Peru, China and the Democratic Republic of the Congo. Exports of copper from Mexico increased by 21% in 2022 over 2021, with the highest share being exported to China. Mexico’s copper exports are expected to grow at a CAGR of 4% between 2022 and 2026.
Leading producers of copper in Mexico are Grupo Mexico, Minera Frisco and Industrias Penoles. During 2020-2021, Grupo Mexico's output was down by 4%, Minera Frisco's output decreased by 0.88%, while output from Industrias Penoles decreased by 33%.
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