Peru's Jan-Jul copper output rises 2.2% as Antamina and Las Bambas lead mines

Published: Oct 06, 2026 15:44 (GMT+8)

Save

Peru's Ministry of Energy and Mines (MINEM) reported national copper output of 1,599,115 tonnes in the first seven months of 2026, up 2.2% year on year, with July production of 236,515 tonnes rising 3.7% on higher output at Antamina (+83%) and Cerro Verde (+18%). On a mine basis, Antamina produced 297,145 tonnes through July, a 54% jump and a 14.3% national share, held by BHP, Glencore, Teck and Mitsubishi. MMG's Las Bambas yielded 245,610 tonnes (-1.1%; 14.83% share), ranking as the No. 2 copper mine, while Freeport's Cerro Verde produced 231,023 tonnes and Southern Copper's Peruvian unit 218,213 tonnes (-10.3%). Antamina and Las Bambas lead on a mine-level basis, underscoring a steady recovery in Peruvian supply that buffers a globally tight concentrate market.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

52 mins ago

Escondida Labor Mediation Fails to Reach Agreement, Union No. 2 Announces Strike Starting October 14

SMM, October 14: BHP and the Escondida copper mine Union No. 2 of Supervisors and Staff, representing approximately 1,020 supervisors and employees, failed to reach an agreement on a new collective contract during mandatory mediation, and the union has announced the start of a strike. As of the morning of October 14 Beijing time, the strike had not yet begun, but the union has confirmed that the strike will start at 8:00 a.m. Chile time on October 14, which is 7:00 p.m. Beijing time today.

52 mins ago

1 hour ago

Enamelled Wire Industry Sees 67.42% Operating Rate in Sept 2026, Below Expectations

According to an SMM survey, the comprehensive operating rate of the enamelled wire industry in September 2026 was 67.42%, down 0.53 percentage points MoM and down 0.7 percentage points YoY. Among them, the operating rate of large enterprises was 70.96%, medium-sized enterprises 57.42%, and small enterprises 66.91%, with overall industry operating performance falling short of market expectations.

1 hour ago

September operating rate fell short of expectations, with the strength of the October "peak season" yet to be tested

1 hour ago