Metals

Peru mining output grows 3.14% in October, slowest in 8 months

CBCIE Time:Dec 04, 2023 14:58 Source:mining

Peru’s mining output grew by 3.14% in October on copper, gold and zinc extraction, the government said on Friday, marking the slowest growth in the past eight months.

In Peru, the world’s No. 2 copper exporter, production of the metal was up 2.1% from the same month a year ago, while gold and zinc jumped 10.0% and 10.4% respectively, said national statistics institute INEI.

Mining production in Peru has been steadily recovering since road blockades, part of anti-government protests, paralyzed the nation’s largest miners at the beginning of the year.

Peru slipped into a recession earlier this year, with Economy Minister Alex Contreras saying earlier this week that it would have been even worse if not for mining output.

Iron production fell 10.9% in October, while molybdenum production slipped 3.8%. The report did not give volumes for any of the metals.

Fishing production, also key to Peru’s economy, grew by 51.62% in October, the third-consecutive monthly increase, due to a greater catch of anchovy, which is used in fishmeal and animal feed.

Peru is the world’s top producer of fishmeal.

All articles, pictures, reports and other original works on the website that are attributed to CBCIE are non-public information, only for members. No one may reproduce or otherwise use the original content of this website without our permission. If you need to use it, please call
+86 18135172048 to apply for authorisation. CBCIE reserves the right to pursue any infringement and citation contrary to the original intent.

Disclaimer:CBCIE is committed to building a comprehensive and authoritative metal information platform, and strives to provide a full range of data and information services and decision-making support for metal industry researchers and practitioners. However, the information on this website is for reference only and is not intended as direct advice for investors' decision-making. Any investment, purchase, sale or operation based on the information on this website should be at your own risk and is not related to CBCIE.

CBC Copper Product Navigation

Key Products

Copper Concentrate

Copper Powder

Copper Tube

Copper Rod

Copper Strip

Reference Quotation

Copper Customs Import and Export

Contact us

Contact us for more CBC information and services.

Get in touch
CBC专家咨询 关闭
close
WeCom

CS Manager:
Zizhen Zhang

+86 18135172048