The Copper Mark hits major milestone

The Copper Mark, the leading assurance framework for responsible value chains of copper, said more than 30% of all globally mined copper now comes from sites meeting its standards.

The milestone has been reached after all of Codelco’s mines and smelters were granted the Copper Mark, bringing the number of Copper Mark recipients to 54. Furthermore, the Copper Mark now covers almost 80% of mined copper in Chile, the world’s number-one copper mining nation, according to 2022 production figures from global commodities expert CRU.

“The energy transition is boosting copper demand. We will continue to work hard to ensure the social and environmental benefits of clean energy are not undermined by the impacts caused by the extraction of materials needed to support it,” said Michèle Brülhart, Copper Mark chief executive. 

“As part of this work, we continue to engage with the full value chain and to extend our partnerships with end users. These efforts across the industry are welcomed by consumers, who are increasingly seeking out more responsibly produced raw materials”

Chilean state-owned Codelco was ranked the largest copper producing company in the world in 2022, according to data from CRU. 

Source: The Copper Mark

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