Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Peruvian mines increased their copper, lead, iron, tin, and molebdenum output in 2019. 

According to the latest data from the country’s Ministry of Energy and Mines (Minem), copper output increased by 0.8pc to 2.45mn mt in 2019, compared with the prior year, with the Arequipa region producing 19.5pc of the total output. The Áncash region produced 19pc of the total output while Apurímac produced 15.6pc of copper during the year.


Iron output up increased by 6.1pc to 10.1mn mt in 2019. Of all the iron producing plants and mines the Marcona, Ica plant owned by Shougang Hierro Perú recorded its highest production of iron in December.


Lead production rose by 6.6pc to 308,116 mt in 2019 compared to 2018, with the Pasco region recording the highest share of total lead output at 32.6pc. Around 16pc of lead volumes were produced in Lima and 14.7pc in Junín.


Minem said that tin and molybdenum production up by 6.7pc and 8.6pc, respectively.


The mining industry is one of the most important economic activities in Peru, which represents about 9pc of GDP and 60pc of the country’s exports. Copper and Gold are the most important metals exported by value.

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