Affected by Protests, Peru's Mining Exports Fell 19.8% year-on-year in January

According to the report of the Ministry of Energy and Mines of Peru (MINEM), based on the cumulative production from January to December 2022, Peru's copper production increased by 4.8%, iron ore production increased by 6.5%, and tin production increased by 4.6% in 2022. The report details that copper production in 2022 reached 2.4386 million mt, which means an increase of 4.8% compared to the same period in 2021 (2.326 million mt). This is due to the good performance of Compa ñ í a Minera Antamina as a major producer, which accounts for 19.2% of the total copper production in Peru, followed by Sociedad Minera Cerro Verde and Southern Peru Copper Corporation, which account for 18.8% and 14.0% respectively.