Copper production in Peru went from 1.27 million tons in 2008 to 2.46 million tons in 2019, showing a 97% growth in said period, according to the Mining Investment Guide 2020-2021 prepared by
EY audit firm.
The study projects that Peru's copper out is expected to reach nearly 3 million tons this year, which means a growth rate of over 20%.
In this regard, the company noted that, at present, the national copper production makes up 12% of the global extraction.
In addition, EY stated that Cerro Verde extracted 19.3% of the national copper production in 2019, thus becoming the main copper producer in Peru.
The list continues with Antamina (18.7%), Southern Copper (16.9%), Las Bambas (15.6%), Antapaccay (8%), Chinalco (7.7%), Hudbay (4.6%), El Brocal (1.8%), among others.
It must be noted that 67.6% of
Peru's copper shipments go to China, followed by Japan (7.2%), South Korea (6.7%), Germany (3.5%), among others.
(END) RGP/RGP/RMB
Published: 2/26/2020