Copper C1: Reported Cash Cost, by Company

• Lowest first
• Q2 2026
• 14 of 14 companies in the 2026 cohort state a comparable figure.

Each figure is the C1 cash cost the company itself reports for the ranked quarter, in US dollars per pound, net of by-product credits. A negative figure is kept as the company states it: its by-product credits exceeded its cash costs.

Rank	Company	Basis	C1 cash cost (US$/lb)	Source
Rank 1	China Gold International Resources Corp Ltd JINFF		C1 cash cost (US$/lb) -$2.16	Source [1]
Rank 2	Hudbay Minerals Inc HBM		C1 cash cost (US$/lb) -$0.40	Source [2]
Rank 3	Southern Copper Corp SCCO		C1 cash cost (US$/lb) $0.05	Source [3]
Rank 4	Antofagasta plc ANFGF		C1 cash cost (US$/lb) $1.36	Source [4]
Rank 5	Imperial Metals Corp III		C1 cash cost (US$/lb) $1.52	Source [5]
Rank 6	Teck Resources Ltd TECK		C1 cash cost (US$/lb) $1.64	Source [6]
Rank 7	Freeport-McMoRan Inc FCX		C1 cash cost (US$/lb) $1.97	Source [7]
Rank 8	Lundin Mining Corp LUNMF		C1 cash cost (US$/lb) $2.11	Source [8]
Rank 9	Atalaya Mining Copper SA ATYM		C1 cash cost (US$/lb) $2.36	Source [9]
Rank 10	Ero Copper Corp ERO		C1 cash cost (US$/lb) $2.42	Source [10]
Rank 11	KGHM Polska Miedz S.A. KGHPF		C1 cash cost (US$/lb) $2.50	Source [11]
Rank 12	First Quantum Minerals Ltd FQVLF		C1 cash cost (US$/lb) $2.54	Source [12]
Rank 13	Capstone Copper Corp CSCCF		C1 cash cost (US$/lb) $2.82	Source [13]
Rank 14	Ivanhoe Mines Ltd IVPAF	Basis 100% basis	C1 cash cost (US$/lb) $2.84	Source [14]

Companies that state the same figure share a rank, and the next rank skips the places they take.