Country Report
Global copper mine cost summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie's Q3-2025 Global Copper Mine Cost Summary assesses strong gold and silver prices to offset the persistent cost inflation in 2025. Despite the continuous inflationary pressures, our outlook for global copper mine C1 plus sustaining capex costs is for a decrease by approximately 13.2% year-on-year in 2025 to 183 c/lb. The primary drivers for a reduction in the projected 2025 global C1 costs are the elevated by-product credits from significantly higher metal prices, along with TC/RC that are near a decade-low level. Combined, they are expected to contribute to a reduction in global C1 cash costs by 17.1c/lb.
Table of contents
- Associated data and slide pack for the analysis can be found in the Downloads section of this report (above right).
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