Peruvian mining exports increased by 9.5pc this past February compared to a year ago, as demand for iron ore and copper increaed.

 

Iron ore and copper exports increased by 67.9pc and 13.6pc, respectively, while zinc and tin exports increased by 9.9pc and 10pc, respectively, according to the latest figures released by the National Institute of Statistics and Informatics (Inei). 

 

Exports from the iron and steel sectors increased by 8.5pc in February, due to higher demand for products like refined copper wire, which increased by 80.1pc, and shipments of iron ore bars rising up by 7.8pc, Inei said.

 

On the other hand, lead exports dropped by 17.3pc, while gold and silver shipments also fell by 12.6pc and 25.7pc, respectively, Inei said.

 

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

Leave a Reply

Your email address will not be published.