Peru’s mining production decreased by 12.2pc in September on an annual basis due to lower demand from the metallic mining sector, according to the National Institute of Statistics and Informatics (Inei).

 

In September, copper production fell by 16.1pc and lead output declined by 14.8pc compared with the same month last year, Inei said in a statement without disclosing volumes.

 

On the other hand, iron ore production increased by 35.9pc in September from the same prior-year period, while zinc and molybdenum outputs climbed by 12.1pc and 10.7pc, respectively, Inei indicated.

 

Peru’s manufacturing production also fell by 12.09pc in September compared with the same month last year. Inei also pointed out that the investment to develop new infrastructure projects decreased by 3.2pc to PEN2.82bn ($782.4mn) in September, from PEN2.91bn in September 2019.

 

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.

 

($1=PEN3.60)

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