The National Society of Mining, Oil and Energy (SNMPE) reported that mining exports in February 2023 recorded revenues of US$2,422 million, a 28.9% drop compared to the same month in 2022 (US$3,407 million).
The union specified that mining exports in the first two months of the year totaled US$5,012 million, a decrease of 22.8%, compared to the same period in 2022 (US$6,490 million).
In addition, copper exports totaled US$1,225 million last February, a figure that represented a 31.4% decrease compared to the same month in 2022 (US$1,785 million).
“The fall in copper exports registered in February was due to a lower price of this metal (18.7%) and because the volume fell by 15.6% compared to the same month last year,” SNMPE detailed.
Gold and tin also down
The business union indicated that gold exports reached US$600 million in February 2023, a decrease of 30% compared to the same month in 2022 (US$858 million).
Exports of this precious metal were affected by the 29.9% reduction in volume and a 0.2% decrease in its price compared to the same month in 2022.
Finally, SNMPE maintained that tin exports last February barely reached US$7 million, which meant a drop of 89%, compared to the same month last year (US$62 million).
Thus, tin exports suffered the impact of the 81.9% drop in volume and the 39.3% drop in price compared to February 2022.
Source: Larepublica
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