Peru: Production of copper, tin and molybdenum up in 1Q 2022 | News | ANDEAN

0

Year-over-year production reflected an improvement in copper, tin and molybdenum.

However, there was a decrease in the cumulative production of gold, zinc, silver, lead and iron compared to the first quarter of 2021, the Ministry of Energy and Mines (Minem) reported on Saturday. .
According to the Mining Statistical Bulletin (BEM), prepared by the General Directorate for Mining Promotion and Sustainability, the Minem specified that the copper production accumulated during the first three months of 2022 recorded an increase of 4.2% (553,749 fine metric tons) thanks to the greater volume obtained by Antamina, Cerro Verde and Las Bambas.

The production of these three mining companies represented 53.3% of the total red metal obtained nationally.

For its part, tin production, accumulated through March, presented a year-on-year increase of 6% (6,819 FMT).

In this context, Minsur remains the only producer of this metal in the Puno region.

The year-on-year accumulated molybdenum production in the first quarter was up 2.1% (8,276 FMT) due to the good performance of the companies Cerro Verde and Chinalco.

For its part, Southern Peru Copper remains the main producer of this metal with 38.7% of the total, while Cerro Verde and Las Bambas contributed 36.7% and 11.2% respectively.

Exports

The BEM also revealed that last February, mining exports (metallic and non-metallic) reached US$3.390 billion, an increase of 17.8% compared to the same month of 2021.

During the January-February period, mining exports totaled $6.224 billion, registering an increase of 10.7% compared to the same period in 2021.

The value of metal mining exports in February was US$3.318 billion, representing a 17.4% increase from the same month of 2021 (US$2.826 billion) due to high metal prices and the gradual recovery of external demand.

Copper is the main product exported from Peru, with a share of 29.7% of total shipments.

destinations

China ranks first as a destination for red metal exports, accounting for 75.6% of the total.

Japan comes second with 7%, followed by South Korea (third place) with 4.6% of the total exported.

Share.

Comments are closed.