Copper and Copper Semis Supplier Intelligence Report, 2030

Copper and Copper Semis Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-118
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Copper and Copper Semis Category Overview

This copper and copper semis category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030. In 2022, Asia Pacific led the copper market with a market share of more than 37%, followed by North America and Europe. Increase in end-use industries like automotive and electronics as well as rising per capita income have contributed to the expansion of the copper industry in these regions.

The category is driven by various trends including increasing demand from infrastructure development projects, the growing electrical and electronics industry, increasing supply of scrap copper and the adoption of renewable energy technologies. Spending on new construction is anticipated to increase, which would result in higher demand for copper wire, tube, and other mill products for various uses like plumbing and building wire. The leading participants in the copper market are anticipated to gain from increased infrastructure investment, particularly in developing nations. Peru's copper mine output is going to expand greatly in Central and South America, while rapid annual production gains are anticipated in nations like Canada, Mexico, and Zambia. The printed circuit board market has grown as a result of the rising demand for electronic devices like tablets, laptops, and phones, which has further fueled the expansion of the copper sector.

This category is a fragmented market due to the presence of numerous small and medium-sized players. The top five players in the market accounted for only 25% of the total market share in 2021. The strategies of mergers, acquisitions, and collaborations are helping key players in the category to consolidate their position in the market and increase their market share. For instance,

  • In May 2023, Glencore announced its intention to acquire the mining assets of Anglo American for $60 billion. This acquisition would make Glencore the world's largest diversified mining company. The assets acquired would include Anglo American's copper, iron ore, coal, and nickel assets.

  • In October 2022, Rio Tinto and Codelco signed a collaboration agreement that would emphasize the combined expertise of the two businesses in the design, building, and operation of underground mines.

  • In March 2022, Freeport-McMoRan acquired BHP's copper assets in Chile for $5.3 billion. This acquisition helped Freeport-McMoRan become the world's largest copper producer, with a 4.3% market share. The assets acquired include the Escondida mine, the world's largest copper mine, and the Los Bronces mine, the world's third-largest copper mine. The acquisition also gave Freeport-McMoRan access to BHP's copper reserves, which are estimated to be 100 million tonnes.

This category is constantly evolving with the development of new technologies to improve efficiency and sustainability. Some of the most promising technologies include hydrometallurgy, bioleaching, direct-to-metal (DTM) printing, additive manufacturing, robotics, and artificial intelligence (AI). Hydrometallurgy uses water to extract copper from ores, while bioleaching uses bacteria for extraction. DTM printing uses 3D printers to create complex components, while additive manufacturing uses 3D printers for intricate designs. Robotics automates tasks like loading and unloading ore, sorting ore, and operating equipment. Additionally, AI improves mining and processing operations by identifying and classifying ore, optimizing schedules, and predicting equipment failures.

In this category, the price and cost components play a crucial role in determining the overall profitability and competitiveness of the industry. Copper prices are influenced by various factors, including global supply and demand dynamics, macroeconomic conditions, and geopolitical events. The cost components involved in the production of copper and copper semi-products encompass factors such as labor costs, energy costs, raw material expenses, transportation costs, and environmental certification costs. These cost components can vary significantly across different regions and can impact the final cost of copper products. Furthermore, fluctuations in currency exchange rates and the cost of capital also contribute to the overall cost structure in this sector.

The best sourcing practices for this category involve a comprehensive approach that ensures efficiency, sustainability, and cost-effectiveness. This includes conducting a thorough supplier analysis, engaging in strategic partnerships, considering global suppliers, employing responsible sourcing practices, implementing risk management strategies, continuously monitoring and evaluating suppliers' performance. Conducting a thorough supplier analysis helps in identifying reputable suppliers with a strong track record of delivering high-quality copper. Strategic partnerships ensure stable supply chains, better pricing, and delivery terms. Employing responsible sourcing practices ensures ethical and sustainable mining and production. Implementing risk management strategies helps in mitigating market uncertainties and diversifies supply bases. Continuously monitoring and evaluating suppliers' performance helps organizations to meet expectations and adhere to agreed-upon standards, identifying potential issues for corrective action in the early stages.

Copper and Copper Semis Procurement Intelligence Report scope 

Report Attribute


Copper and Copper Semis Category Growth Rate

CAGR of 5.1% from 2023 to 2030

Base Year for Estimation


Pricing Growth Outlook

3% - 5% (Annually)

Pricing Models

Volume-based pricing, Cost-plus pricing

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence,

Supplier selection criteria

Quality Assurance, Supply Capacity and Reliability,  Cost Competitiveness, Research and development.

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

Codelco, Glencore, BHP Group Limited, Anglo American Plc, Freeport-McMoRan Inc., First Quantum Minerals Ltd., KGHM Polska Miedz S.A., Antofagasta Plc, Rio Tinto Group, Aurubis AG

Regional scope


Revenue Forecast in 2030

USD 453.76 Billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...

Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.