Abstract:
Copper is a crucial strategic mineral for many countries due to its exceptional properties and widespread use. Despite the abundance of copper resources worldwide, they are distributed unevenly, with reserves concentrated in only a few resource-rich countries and production dominated by major copper mining companies. China possesses some of the highest copper reserves and production levels in the world, and its consumption is the largest globally. However, its production falls significantly short of meeting domestic demand. The security of both traditional industries and emerging strategic sectors requires a stable supply of copper. This paper gathers information on global copper resources, analyzes their distribution characteristics and exploration and development patterns, and suggests guidelines for international cooperation of copper’s exploration development . The study shows that: ① the global copper reserves are mainly concentrated in 21 countries, such as Chile and Peru, accounting for more than 90% of the global reserves. ② South America and Chile are the continents and countries with the most large-scale and super-large copper mines. Asia and China are the continents and countries with the highest degree of copper exploration and development. ③ The investment in copper exploration fluctuates up, with major resource countries and large mining companies dominating it. The global hotspots for copper exploration are concentrated in North and South America, as well as Oceania. Global copper reserve and resources has increased by 10 million tons in 12 countries. ④ There is a high concentration of copper production, with over 80% being concentrated in 11 countries and over 50% being produced by 20 companies. ⑤ Copper mine exportation is concentrated in South America, with Asia being the center of import and consumption. ⑥ Copper mine mergers and acquisitions have been active lately, with Canada and Australia being the main countries. ⑦ Chinese companies play a significant role in the exploration and development of global copper resources. However, there remains a substantial gap between them and the major copper industry leaders. In the future, the demand for copper is expected to grow steadily. The exploration and development of copper resources are extensive, and the long-term global supply of copper is assured. To ensure a safe and stable long-term supply of copper resources in China, it is recommended to implement regional policies that accelerate the exploration and development of overseas copper mines. Additionally, collaboration between the government and enterprises will promote the internationalization of Chinese copper mining companies.