![]() In 2021, the company produced 721,500 tonnes of copper, making it one of the biggest copper producers in the world. Market Cap as of November 25: $15.8 billionĪntofagasta plc (OTC:ANFGF) is a London-based copper mining company. The average price target of the company stands at $21.60. Newcrest Mining Limited (OTC:NCMGY) was covered by 11 analysts in the last three months with 9 analysts keeping a Buy rating on the company shares. Furthermore, Newcrest Mining Limited (OTC:NCMGY)’s liquidity came in at $2.4 billion, including committed undrawn credit facilities. The cash flow from operating activities was around $1.68 billion and the company closed the year with a net debt of $1.3 billion. The company produced 120,650 tonnes of copper in FY2022 and provided an outlook for 2023 at 135 - 155 kilotonnes.įor FY 2022, Newcrest Mining Limited (OTC:NCMGY) reported statutory and underlying profit of $872 million. Newcrest Mining Limited (OTC:NCMGY) is an Australian mining company that produces gold, copper, and silver. ![]() Market Cap as of November 25: $11.75 billion The average price target is $25.86 which represents an upside of 36.5%. (OTC:KGHPF) and both have maintained a Hold rating on the company shares. In the last three months, two analysts have covered KGHM Polska Miedz S.A. In addition, the EPS was recorded at zł5.43, compared to zł5.19 in the same quarter of the prior year. (OTC:KGHPF) reported revenue of zł7.77 billion (1 Poland zloty = $0.22) and a net income of zł1.09 billion, representing a 7.5% and 4.7% increase from Q3 2021. However, the company’s earnings surged by a slight margin on a year-over-year basis. (OTC:KGHPF) missed its EPS and revenue estimates by 9.4% and 5.1%, respectively. In the first three quarters of 2022, the company produced 557 thousand tonnes of payable copper, compared to 574 thousand tonnes in the same period of 2021. (OTC:KGHPF) is a Polish mining company that produces copper, precious metals, and non-ferrous metals. Market Cap as of November 25: $5.1 billion Story continues Biggest Copper Companies in the World 15. According to Goldman Sachs, the copper prices on the benchmark London Metal Exchange are expected to reach $15,000 by 2025.Īmong the top copper-producing companies are BHP Group Limited (NYSE: BHP ), Rio Tinto Group (NYSE: RIO ), and Vale S.A. In 2021, the copper deficit was only 2% of the consumption, and it lead copper prices to increase by 25%. (NYSE:FCX) management says that the latest copper prices are not enough to put forward new investments.Īccording to S&P Global’s worst-case projection, the copper shortfall could reach around 20% of consumption by 2035. Newmont Corporation (NYSE:NEM) recently halted its $2 billion copper and gold project in Peru. On top of that, copper giants are expected to face production shortages in the future. The copper inventories are near historical lows. However, the world is looking at copper shortages in the near future. Global EV sales are expected to account for 40% of the total car sales by 2030. The annual copper demand is expected to increase by 53% by 2040, mainly due to the electrification of vehicles. Additionally, the macroeconomic pressures forced a mass sell-off on London Metal Exchange. The main culprits in declining copper prices are the fear of global recession along with China’s zero COVID policy, leading to weaker demand from the country. Copper price saw its peak in April at about $10,000 per tonne and has since lost a third of its price. Ĭopper is the third most used metal in the world with Chile as its biggest producer and China as its biggest importer. To skip the industry analysis, you can go directly to the 5 Biggest Copper Companies in the World. In this article, we discuss the 15 biggest copper companies in the world.
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