The largest copper mine is located in Utah (Bingham Canyon). Other important mines are located in Arizona, Michigan, New Mexico and Montana. In South America, Chile, the world's largest producer, and Peru are the main producers of copper. The International Energy Agency (IEA) has suggested that global demand for copper could double over the next 20 years as the pace of electrification grows, and that clean energy applications could account for 45% of total demand.
With this in mind, many investors have begun to explore investing in copper through a Gold Investment Account.The South American country is home to the largest copper reserves in the world, estimated at around 200 million tons by the United States Geological Survey. With that in mind, what are the largest copper reserves per country? According to the most recent data from the United States Geological Survey, the countries with the largest copper coffers are Chile, Australia, Peru, Russia and Mexico. Copper is one of the most widely used metals in the world, for good reason. The mineral is first extracted and then subjected to a series of processes to refine and purify copper.
The United States is the second largest copper producer in the world. Large copper deposits are also found in Canada, the Ural Mountains of Russia, and parts of Africa.