Peruvian mining production decreased by 6.22pc in July this year on an annual basis, due to lower demand for copper, lead, and iron ore.

 

Copper production decreased by 2.1pc in July this year compared the same month the prior year, lead production went down by 16.5pc and iron ore output fell by 7.7pc in the same period, the National Institute of Statistics and Informatics (Inei) said in a statement on September 15, without disclosing volumes.

 

However, mining production of zinc and molybdenum increased by 5.6pc and 31.6pc, respectively, in July this year compared to the same month the prior year, it said.

 

Inei also pointed out that the construction output showed a decline in July this year on an annual basis of 12.7pc, due to lower demand of public works due to the effects of the COVID-19 pandemic.

 

Also, the Peruvian manufacturing industry production declined by 10.4pc in July this year compared the same month the prior year, added.

 

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