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The world’s largest consumer of refined copper in 2024 was China. That year, China accounted for ** percent of the total global copper consumption volume.

What is copper used for?

Copper is a versatile base metal that is vital for different sectors. Copper is commonly used for making electrical wiring. It also used in building construction, producing industrial machinery, transportation vehicles, architectural applications, and fuel gas. It is an important part of connectors, brakes, and wiring.

Production and consumption of refined copper

In 2020, global refined copper consumption reached an estimated million metric tons. While China is the largest consumer of refined copper, it is also the largest refined copper producing country. In 2020 China was responsible for nearly ** percent share of the total global production of refined copper, or over *** million metric tons. Following China was Chile, which produced *** million metric tons of refined copper. In 2024, there was about ***million metric tons of copper produced in mines worldwide.