Forecast: Copper Mine Production in Indonesia

Indonesia’s copper mine production exhibited significant fluctuations from 2013 to 2023. In 2023, production stood at 626.01 thousand metric tons with a slight year-on-year decline of 0.53%. Analyzing over a longer period, the compound annual growth rate (CAGR) between 2018 and 2023 was -0.78%, indicating minor annual decreases. Notably, previous substantial variations were seen, such as increases in 2015 (52.72%) and 2016 (25.83%), contrasting with year-on-year declines in 2014 (-24.84%) and 2020 (-17.46%).

Future trends from 2024 to 2028 forecast a continual slight decline in copper mining output, with a forecasted 5-year CAGR of -0.45%. This suggests a gradual reduction, reaching 608.42 thousand metric tons by 2028. Factors to watch include fluctuating global copper prices, advancements in mining technology, environmental regulations, and potential changes in mining investment policies.