Copper price has fallen to lowest level since the financial crisis of 2008/09. Copper CFD, which is closely linked to price of comex copper is currently trading at $2.1/Pound.

At a time like this, it is vital to understand two key points -

• How far the bear market might stretch and from where the next bull cycle might begin.

In spite of heavy financialization of metals in wake of easier monetary policies across globe, we expect over time, supply demand will prevail in the market. Return from commodities have worsen, after US Federal reserve indicated reversal of its expanding policy but only gradually and Chinese demand started slowing down from 2011.

In that light, in this article we take a look at the biggest suppliers of red metal globally. These top 10 producers' are responsible for almost 50% of global production.

• Codelco - First spot is stored for Chile's largest state owned miner. Chile as a country is produces almost 30% of global copper. In 2014, this giant produced 1.84 million tons of copper.

• Freeport-McMoRan - This US Arizona based company produced 1.47 million tons of copper in 2014 and 1.535 million tons in 2013. Company owns mines in Grasberg minerals district in Indonesia, which is one of the largest copper deposits in the world.

• Glencore - Swiss based mineral producer and commodity trading house, despite its recent trouble, remain a large player in the market producing about 1.296 million tons of copper in 2014.

• BHP Billiton - This Australia based producer, produced 1.203 million tons of copper in 2014, earning it the third place. Company is listed in Australia, New York and London.

• Southern Copper - Grupo Mexico owned this giant, produced 0.665 million tons of copper back in 2014. Company is listed in NYSE.

• Rio Tinto - Rio is globally one of the largest diversified company and produced about 0.636 million tons of copper in 2014, earning it sixth place.

• KGHM Polska Miedz - This polish company has worldwide operations and large ore assets and in 2014, it produced 0.506 million tons of copper earning it seventh position in terms of production.

• Anglo American - This London listed company produced about 0.504 million tons of copper in 2014, however it might reduce production this year.

• Antofagasta - London listed Chilean company produced 0.455 million tons in 2014, down from 0.466 million tons in 2013.

• First Quantum Minerals - This company is Canada listed and produced 0.38 million tons of copper in 2014.