Copper Production Report: Second Quarter 2025

The global copper production data for the second quarter of 2025 highlights varied performance among the world’s leading producers, reflecting both recovery and growth despite prevailing challenges

Top Copper Producers: Performance and Challenges

• BHP Group maintained its position as the top copper producer, increasing output to 516,200 tonnes, up 2.24% year-on-year (YoY), driven by record production at the Escondida mine and the integration of OZ Minerals.
• Freeport-McMoRan ranked second with 436,809 tonnes, a decline of 7.14% YoY, primarily due to lower ore grades at Grasberg and higher in-process inventory, although elevated copper prices supported earnings.
• Codelco secured third place with 365,000 tonnes, reflecting an 18.12% YoY rebound, supported by successful ramp-ups of structural projects and improved throughput at El Teniente.

Notable Growth

• MMG recorded a 54.30% increase, producing 140,368 tonnes, driven by near-full-capacity operations at the Khoemacau mine.
• Vale achieved a 17.81% rise to 92,600 tonnes, supported by higher ore grades and mine expansions.
• Rio Tinto grew by 15.00%, reaching 229,000 tonnes, fueled by the ramp-up at Oyu Tolgoi and improved recoveries at Kennecott.

Significant Declines

• Glencore experienced the largest decrease at -21.04%, due to lower ore grades at Collahuasi and maintenance at Antamina.
• Anglo American declined by -11.58%, reflecting the PGM demerger and lower grades at Collahuasi, partially offset by gains at Quellaveco and Los Bronces.

Source: Minig Visuals