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National copper production registered 4.2% in the first quarter of 2022

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The Mining Statistical Bulletin (BEM), of the Ministry of Energy and Mines (mine), reported that year-on-year production reflected an improvement in copper, tin Y molybdenum. However, there was a decrease in the accumulated production of gold, zinc, silver, lead and iron, compared to the first quarter of 2021.

Thus, the BEM specifies that the accumulated production of copper in the first three months of the year registered an advance of 4.2% (55,749 fine metric tons), thanks to the greater volume obtained by the mining companies. Antamina, green Hill Y The Bambas. The three companies represented 53.3% of the total red metal produced nationwide.

While the production of tin, accumulated to the third month of 2022, presented a year-on-year increase of 6% (6,819 TMF). The Minsur company continues to be the only producer of this metal in the country, located in the Puno region.

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For its part, the year-on-year production of molybdenum accumulated in the first quarter showed an increase of 2.1% (8,276 TMF), due to the good performance of the Cerro Verde and Chinalco mining companies. The company Southern Peru Copper remains the main producer of this metal with 38.7% of the total. Meanwhile, the Cerro Verde and Las Bambas mining companies contributed 36.7% and 11.2%, respectively.

Exports

In February 2022, mining exports (metallic and non-metallic) reached an amount of US$3.39 billion, an increase of 17.8% compared to the same month in 2021.

Meanwhile, in the period from January to February, mining exports totaled US$ 6,224 million and registered an increase of 10.7% compared to the same period last year.

The value of metallic mining exports, in February 2022, registered US$ 3,318 million, which meant an increase of 17.4% compared to the same month of 2021 (US$ 2,826 million), due to the high prices of metals and the recovery progressive external demand.

It should be noted that copper is the main Peruvian exported product, with a 29.7% share of total shipments. China remains the first destination for red metal exports, with a 75.6% share of the total. Japan is in second position with 7.0% and, in third place, South Korea with 4.6% of the total exported.

Source: Larepublica

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