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

Peru’s mining output declined by 42.2pc in April 2020 from the same month a year ago because the COVID-19 pandemic stifled production of six minerals.


In fact, iron ore production dropped by 100pc in April from a year ago, the National Institute of Statistics and Informatics (Inei) said in a June 1 statement, without disclosing volume.


Peruvian zinc production decreased on an annual basis by 86.3pc in April, while lead output fell by 84.1pc, and copper production declined by 34.7pc.


Upon the COVID-19 outbreak, the Peruvian government issued a national emergency and prohibited mining activities, among other things, in an effort to contain the virus. The government extended the national emergency, initially slated to expire April 12, until April 26, and again until May 4.


On May 3, the Peruvian government approved a four-phase progressive resumption of mining operations in the country. The first phase will allow the large miners to exploit, process, store and transport minerals and metals.


The mining industry is one of the most important economic activities in Peru, which comprises about 9pc of its GDP and 60pc of exports. Copper and gold are the most important metals exported by value.

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