Copper production in Peru increased by 4.2% in the first quarter of 2022

Lima, May 14 (EFE).- The accumulated production of copper in Peru registered an advance of 4.2% in the first three months of 2022, while the year-on-year production of gold, zinc, silver and iron reported a decrease compared to same period of the previous year, reported this Saturday the Ministry of Energy and Mines.

According to the Mining Statistics Bulletin (BEM), the rise in copper production was driven by the higher volume obtained by the Antamina, Cerro Verde and Las Bambas mining companies, which together accounted for 53.3% of the total red metal produced. at the national level.

On the other hand, the accumulated tin production to March presented a year-on-year increase of 6%, while that of molybdenum climbed by 2.1%.

On the other hand, in the first three months of the year, the production of gold (-2.1%), zinc (-11.8%), silver (-6.6%), lead (-3.9%) and iron (-1.1%).

Through the BEM, the portfolio also highlighted that, in February, mining, metallic and non-metallic exports reached an amount of 3,390 million dollars, which represents an increase of 17.8% compared to the same month of 2021, due to to the high prices of metals and the progressive recovery of external demand.

In the period from January to February, mining sales abroad totaled 6,224 million dollars, an increase of 10.7% compared to the first two months of last year.

The Ministry recalled that copper is the main Peruvian exported product, accumulating a share of 29.7% of total shipments, with China being the first country of destination (75.6% of the total).

Japan is in second position, with 7% of red metal sales, and South Korea is in third place, with 4.6% of total exports.

(c) EFE Agency