Indonesia Copper Mining Market Overview
Indonesia Copper Mining market growth was steady prior to COVID-19 on the back of rising production and capacity expansion of copper mines coupled with increasing demand of copper from electronics sector in Indonesia. Moreover, the development and transition made towards underground mining particularly in Grasberg mines has contributed to Indonesia copper mining sector which resulted in a growth during COVID-19 pandemic in 2019-2020.
According to 6Wresearch, Indonesia Copper Mining Market size is projected to grow at CAGR of 9.9% during 2022-2028. Commissioning of the Gorontalo, and the Beruang Kanan Main (BKM) copper projects along with the efforts made during recent years at global as well local level to make a transition towards clean and renewable energy solutions have increased the demand of copper in photovoltaic, electric vehicles and production of other such products and equipment in energy sector. Moreover, efforts to encourage investment in the downstream industry and export of higher value semifinished and finished goods, Indonesia aims to discontinue the exports of copper ore in 2023 to keep a pace with the demand for copper ores in manufacturing of high value goods locally, which in turn would garner more revenues in the coming future in the copper mining market in Indonesia.
Market by Mining Techniques
Open pit acquired the majority of revenue share in 2018-21 and is expected to maintain its dominance in the coming years on the back of rising investment in the opening of underground mines Furthermore, the transition of the country’s largest copper mine i.e., Grasberg block mine from open pit mining to underground mining in the year 2019 has contributed to the growth of open pit in the coming years.
Key Highlights of the Report
- Indonesia Copper Mining Market Overview
- Indonesia Copper Mining Market Outlook
- Market Drivers and Restraints
- Key Strategic Recommendations
- Indonesia Copper Mining Market Forecast
- COVID-19 Impact on Indonesia Copper Mining Market
- Indonesia Copper Mining Market Revenues and Volume Forecast
- Copper Ores Price Trend Analysis
- Market Opportunity Assessment
- Historical Market Data and Forecast of Indonesia Copper Mining Revenues and Volume, By Types for the period 2018-2028F.
- Historical Market Data and Forecast of Indonesia Copper Mining Revenues, By End Users for the period 2018-2028F.
- Historical Market Data and Forecast of Indonesia Copper Mining Revenues and Volume, By Mining Techniques for the period 2018-2028F.
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