Peru Copper Shipments Fall to 2-Year Low in July

SHANGHAI, Sept. 12 (SMM) – Latest data showed that Peru’s copper shipments tumbled by 32 per cent in July on a monthly basis, the lowest in nearly 2 years, Bloomberg reported. 

The sharp drop was due mainly to big waves which hit the country’s ports in July. The country’s copper production, however, changed little. 

Cesar perez-novoa from BTG Pactual said the gap between copper output and exports would reach 100,000 tonnes in August. 

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