Market Research Report
Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026
|Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026|
Published: May 13, 2022
Content info: 42 Pages
Delivery time: 1-2 business days
GlobalData's "Chile Copper Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2022-2026" provides a comprehensive coverage on the Chilean copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country's copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.
Chilean copper mine production declined for the third consecutive year, to reach 5,624.9 thousand tonnes (kt) in 2021 -down by a marginal 1.9% over the previous year. This was mostly due to lower production from the country's largest copper producing mines, including Escondida, Spence, El Teniente and Los Pelambres.
Over the forecast period (2022-2026), Chilean copper production is expected to grow at a compound annual growth rate (CAGR) of 2.2%, to reach 6,432.1kt by 2026, supported by the commencement of new projects such as Quebrada Blanca Phase 2, Esperanza Sur Pit, Andes Norte, Los Pelambres Expansion and Santo Domingo projects. Potentially impacting growth, the Chilean government introduced a new royalty bill effective 2022. As per the new bill, projects producing less than 200kt copper annually will have to pay a 1% tax on gross sales, else a tax rate of 1-3% will be applicable. As a result, the country's copper miners' cash costs will rise, while expansion and development plans will be reassessed along with some impact on investments in the short-term.