Top Copper Miners Contributed to the Surge in Peru's Copper Production in February

According to foreign news on April 12, data from Peruvian Ministry of Energy and Mines (MINEM) showed that copper production in Peru, the world's second largest copper producer, reached 192,334 mt in February, an increase of 11.6% from February 2022 (172,335 mt).

MINEM said the increase in production was mainly due to higher output from major local copper miners, including Sociedad Minera Cerro Verde SA (3.9%), Southern Perú Copper Corporation (2.3%) and Minera Chinalco Perú SA (15.8%). Sociedad Minera Cerro Verde SA produced the largest share of Peru's total copper output with 19.1%, followed by Compaía Minera Antamina SA (16.4%) and Southern Perú copper Corporation (14.6%).

Regionally, Arequipa accounted for 19.2% of the country's total copper production, followed by áncash (16.7%) and Moquegua (15.6%), MINEM said.