The national production of copper, which is Peru’s main export product, reached 2.43 million tons during 2018, a figure that reflected a decrease of 0.4% over the previous year, according to data published by the Ministry of Energy and Mines (MEM).
“Although the production of the red metal reported a year-on-year growth of 2.5% in December, the MEM indicated that ‘the negative results recorded in the previous months by Las Bambas mining company, due to the lower grade of ore obtained, led to a decrease of 0.4% at the end of 2018, compared to the previous year'”, you can read in a note by Gestión.
This website also mentions the fall in the production of gold, which was 6.1% in 2018, compared to the previous year.
“In the same way, the national production of silver, lead and molybdenum fell by 5.8%, 5.7% and 0.4% during 2018, according to MEM data”, informed Gestión, adding that in contrast, local iron production increased 8.3% year-on-year to 9.5 million tons during 2018; while tin production grew 4.6% year-on-year to 18,601 tons.
(Cover Photo Archive)
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