Leading copper mining companies Australia 2024, by market capitalization

Australia's copper mining industry is experiencing significant shifts, with Sandfire Resources Limited emerging as the leader among ASX-listed copper miners. With a market capitalization of around 4.7 billion Australian dollars in December 2024, Sandfire has taken the top spot following BHP's acquisition of former industry leader OZ Minerals in early 2023.

Copper mining in Australia

Australia has some of the largest reserves of copper in the world. The leading markets for copper exports from Australia can be found in Asia, with China being the largest Australian copper recipient by value. Since 2019, the production of copper from Australian mines has followed a downward trend, with production quantities only slightly increasing in 2023. Despite this, Australia could play an important role in meeting the rising global demand for this critical mineral. 

Australia's global mining presence

Australia's significance in the global mining industry extends beyond copper. BHP Group Limited, a British-Australian mining giant, leads the metals and mining companies on the ASX with a market capitalization of over 206 billion Australian dollars. BHP's diverse portfolio, which includes coal, copper, and iron ore, contributed to its impressive revenue of around 55.7 billion U.S. dollars in fiscal year 2024. The mining industry's importance to Australia's economy is highlighted by its substantial value addition, exceeding 350 billion Australian dollars in fiscal year 2023, and its role as a major employer in the country.