Copper production in Peru fell 10pc to 193,852mt in August from 215,426mt in the same month last year, owing to decreased output from Southern Perú Copper and Compañía Minera Antamina by 6.5pc and 8.2pc, respectively.

 

Lead production was also down 17.2pc to 21,887mt in August from 26,442mt produced in the prior year period, due to lesser production at Compañía Minera Chungar (by 5.7pc), Sociedad Minera Corona, (by 19pc) and Compañía Minera Kolpa (by 21.5pc) according to recent data from the National Institute of Statistics and Informatics (Inei).

 

Notably, iron ore and zinc volumes in the country, rose by 12.2pc and 9.5pc to 1mn mt and 133,893mt in August 2020, compared with 892,834mt and 122,225mt produced in August 2019, respectively.

 

Exports

 

In January-July 2020, the value of copper shipments fell 21.3pc to $6.1bn, from $7.8bn in the same period in 2019 while iron ore exports also decreased by 15pc to $436,000 compared with $513,000 in the same period under comparison.

 

Zinc and lead export value also went down by 37.1pc and 13.8pc to $799,000 and $750,000 in Jan-July, from $1.2bn and $870,000 in the same period in 2019, respectively. 

 

Base metal exports are made mainly to China, South Korea, Japan and Italy, Spain and represent 60pc of the country’s total exports.

 

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