The Worl d Copper Factbook 2019 International Copper Study Group 13 10 0 0 20 0 0 30 0 0 40 0 0 50 0 0 60 0 0 20 00 200 4 200 8 2012 2016 2 020 0 0 1 0 2 0 3 0 4 0 5 0 6 0 7 0 8 0 gr ow th SX EW Th o u s a n d m e tr i c to nn e s co p p e r 2 000 200 5 3 7 20 12 20 17 0 9 2 006 20 11 6 0 201 8 20 23 2 5 3000 6000 9000 12000 15000 18000 21000 24000 2000 2004 2008 2012 2016 2020 0 0 1 0 2 0 3 0 4 0 5 0 6 0 7 0 8 0 Th o u s a n d met r ic tonn e s co p p e r grow th Co n c e n t r a t e s 2 000 2005 3 1 2 012 2018 3 7 2 006 2011 2 1 2019 202 3 5 1 Copper mi ni ng capacity is esti ma ted to reach 289 million to nnes copper in 2 023 wi th 18 be in g SX EW pr oduc tion This will be 20 higher than gl o b a l capacity of 241 mill ion to nnes co p p e r re co r d e d in 2018 Growth in c o pper mine capacity is ex pe ct e d to aver age 46 pe r year going forward as ne w capacity is add e d at exis ting an d so me ne w oper at ion s The rat i o be twe e n pr odu c tion and capacity is called the capacity utilization rate The wo rld mine capacity utiliz ation ra t e was ar oun d 85 in 2018 Trends in Copper Mining Capacity 2000 2023 Thousand met r i c tonnes copper Bar s and Annual percentag e change Li n e Source ICSG Directory of Copper Mines and Plants H1 2019 Edition Note Capacity data refle c ts product i on capabilities not necessari ly product i on forecasts