Copper production in Peru down 11.2% in May, ministry says

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(Kitco News) – According to Peru’s Ministry of Energy and Mines (MINEM), copper production in Peru, the world’s second largest copper producing country, stood at 174,258 tonnes in May 2022, down from 11.2% compared to May 2021 (196,270 tonnes).

MINEM said this negative performance was mainly due to lower copper production from Southern Peru Copper Corporation Sucursal del Perú (-26.8%) due to lower ore grade.

The ministry also noted that in May 2022, Minera Las Bambas SA did not report copper production due to the shutdown of its plant following roadblocks.

At the company level, Compañía Minera Antamina SA leads with a 21.9% share of Peru’s total copper production in May, followed by Sociedad Minera Cerro Verde SAA (20.9%) and Southern Peru Copper Corporation (13.6%).

The ministry added that at the regional level, Áncash is the first with a share of 22.1% in the country’s total copper production in May, followed by Arequipa (21.1%) and Cusco (10.5 %).

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