More
    • Delayed Prices (USD) - Last Updated 25-02-2021
    • Gold$1,799.40
    • Silver$27.80
    • Dalian Iron Ore i2105$172.34
    • LME Aluminium$2,136.50
    • LME Cobalt $51,965.00
    • LME Copper $9,158.00
    • LME Lead $2,129.00
    • LME Nickel $19,226.00
    • LME Tin $29,485.00
    • LME Zinc $2,859.50
    • All Prices in USD - Last Updated 2021-01-11
    • Gold$1,836.70
    • Silver$24.655
    • Dalian Iron Ore (May 2021 Delivery) $160.58
    • LME Aluminium $2,029.50
    • LME Cobalt $36,500
    • LME Copper $8,146.00
    • LME Lead $2,000.00
    • LME Nickel $17,890.00
    • LME Zinc $2,824.50
    • LME Tin $21.325.00
    Home News Copper Peru copper production drops 12.5% as COVID restrictions bite

    Peru copper production drops 12.5% as COVID restrictions bite

    Peru’s Energy and Mines Ministry said on Monday that the country’s copper production in 2020 declined to 2.15 million tonnes, representing a 12.5% drop from 2019 output levels.

    Pandemic-related restrictions limit production

    The ministry reported that the Peruvian health authorities had ordered a significant reduction in staff in the country’s gold and copper mines between mid-March and May due to coronavirus-related restrictions. This, in turn, had resulted in a steep decline in the output for the Andean nation.

    Gold, zinc production dips

    COVID-related restrictions also obstructed the production of gold and zinc. The ministry reported that gold production in 2020 dropped 32% to 87.3 million fine grams, while zinc production dipped 5.3% to 1.33 million tonnes.  It may be noted that mining accounts for nearly 60% of the exports of Peru.

    Jonathan Norris
    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

    Follow Us

    188FansLike
    11,279FollowersFollow
    5,645FollowersFollow