Peru to Accelerate Copper Production on Rising Prices

Published: Dec 19, 2016 10:35

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Peru's finance minister said last Friday the country will step up copper production capitalizing on rising copper prices, wenhua.com reported.

SHANGHAI, Dec. 19 (SMM) - Peru's finance minister said last Friday the country will step up copper production capitalizing on rising copper prices, wenhua.com reported.

Peru’s copper output jumped 38% year-on-year in October, mainly contributed by MMG’s Las Bambas and Freeport McMoRan Inc’s Cerro Verde copper mines.

Copper prices have been rising after Trump won US presidential election since the president-elect’s expected fiscal expenditure plan may drive up commodity prices.

Peru is expected to be the second largest copper producing country this year thanks to higher output.

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