Peru’s mining exports declined in June on an annual basis due to lower demand for copper, iron ore, zinc, and molybdenum.

 

Peruvian copper exports dropped by 19.8pc to 173,900mt in June, from 216,900mt in the same month last year, according to the Peruvian Ministry of Energy and Mines (Minem).

 

In June, zinc shipments decreased by 33.2pc to 69,500mt from 104,000mt exported in June 2019, while lead exports dropped by 47.9pc to 44,700mt from 85,800mt during the same period under comparison.

 

Exports of molybdenum went down by 23.1pc to 2,500mt in June, compared with 3,200mt exported in June of 2019, and iron ore exports fell by 66.9pc to 300mt from 900mt during the same period. 

 

The mining industry is one of the most important economic activities in Peru, representing 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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