Capital expenditure on nonferrous metal production by 20 major mining companies, 2011-2022

Sources

IEA analysis based on company annual reports and S&P Global.

Notes

For diversified majors, capex on the production of iron ore, coal and other energy products was excluded. 20 companies include Anglo America, BHP, Freeport-McMoRan, Glencore, Rio Tinto, Teck Resources, Vale (diversified majors), CMOC Group, Codelco, First Quantum Minerals, KGHM, Norilsk Nickel, Southern Copper, Zhejiang Huayou (focused players - copper, cobalt and nickel), Albemarle, Ganfeng Lithium, Mineral Resources, Pilbara Minerals, SQM and Tianqi Lithium (lithium specialists).