Further evidence of falling copper volumes from mines around the...

Further evidence of falling copper volumes from mines around the world. This time it Peru.

See report below.
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Peru copper production dips 1.2% in January

Reuters | March 19, 2024 | 4:11 pm

Freeport McMoran’s Cerro Verde copper mine. (Image courtesy of Huella Minera)

Copper production in Peru, the world’s No. 2 producer of the red metal, slipped 1.2% in January from the same month the year earlier to some 205,375 metric tons, the Andean nation’s mines and energy ministry said on Tuesday.

The new figures come after a 17% drop in output from MMG’s Las Bambas mine and a 13.4% fall from Freeport-McMoRan’s Cerro Verde mine.


That was below December’s output of around 255,000 tons, according to ministry data.
Peru’s copper production should reach 3 million tons this year after hitting 2.76 million tons in 2023, Mining Minister Romulo Mucho said earlier this month.
(By Marco Aquino; Editing by Aida Pelaez-Fernández and Anthony Esposito)