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New York, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report 'Copper Global Market Report 2022' -
28 billion in 2022 at a compound annual growth rate (CAGR) of 3.8%. The copper mining market is expected to grow to $79.65 billion in 2026 at a compound annual growth rate (CAGR) of 0.8%.
The copper ore mining market consists of sales of copper ores and concentrates by entities (organizations, sole traders, and partnerships) that mine copper ores. The industry includes establishments carrying out activities such as developing mine sites and preparing copper ores and recovering copper concentrates through precipitation, leaching, and elector wining copper ores.
The main types of copper ore mining are the refining industry, metal processing industry, chemical industry, and other types.The refining industry refers to an industry that produces and delivers oil and oil products.
The mining type includes underground mining, and surface mining.
Asia-Pacific was the largest region in the copper ore mining market in 2021. The regions covered in this copper ore mining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growth in the copper mining market is due to increasing construction projects in rapidly developing countries such as China and India owing to the rising population and infrastructure.Population refers to the whole number of people or inhabitants in a country or region.
Copper minerals and ores are found in both igneous and sedimentary rocks.For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718.
Therefore, the rising population is driving the growth of the copper mining market.
Autonomous drilling systems are being implemented by the copper mining industries to enhance safety, efficiency, and productivity. This technology is being used to accurately identify drill location and drill production blast holes more effectively using advanced levelling technologies.
The countries covered in the copper ore mining market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
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