Peru copper output up nearly 2% in October as Antapaccay surges
LIMA - Peru's copper production rose 1.9% in October compared with the same month last year, totaling 240 097 metric tons for the month, the Andean country's mines and energy ministry said on Monday.
Peru is the world's second-largest producer of copper after neighboring Chile.
The ministry said in a statement the increase was due largely to strong performance at the Antapaccay mining firm, controlled by Glencore, where output jumped by nearly 36%, as well as at Grupo Mexico's Southern Copper, where production was up by almost 7%.
In the year through October, output of the metal, which is key to industry worldwide, rose slightly more than 14% to settle at around 2.25 million tons.
Peru's copper output was hampered early this year by production pauses triggered by violent anti-government protests across the country.
Peru's government has said it will redouble its efforts to boost production, after a May report by research firm Wood Mackenzie said Democratic Republic of the Congo could in coming years take the South American nation's place in global copper production rankings.
Peru's production of gold, zinc, lead, silver and tin also rose in October, the government said, while that of iron and molybdenum fell.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation