Global copper production is projected to grow at an average annual rate of 2.9% over the next decade. The latest forecast from BMI (Fitch Solutions) expects the rise from 23.8 million tons in 2025 to 30.9 million tons by 2034, owing to new projects and expansions across key jurisdictions in South America, Asia, and Africa.
The report, cited by Shanghai Metals Market, shows that global copper output is expected to rise 2.5% in 2025, driven by a recovery in Chile and further ramp-up at Mongolia's Oyu Tolgoi mine.
