Peru’s copper production in 2023 to be 2.8 million tons

In the first eight months, Peru's copper output totalled 1.77 million mt, an increase of 18.1% year on year.

Currently, the largest copper mine in Peru is Cerro Verde, with output in the first eight months of 317,629 tons, a year-on-year increase of 6.9%. The mine is owned by American company Freeport McMoRan.

In second place is the Antamina copper mine, with a cumulative output of 274,285 tons in the first eight months. Due to the decline in ore grade, the year-on-year change in output is also noticeable.

In addition, Southern Copper ranked third, operating the Cuajone and Toquepala copper mines. The cumulative output in the first eight months was 237,329 tons, a year-on-year increase of 11.9%.

The Quellaveco copper mine produced 196,141 tons in the first eight months, making it the fourth largest copper mine in Peru. The mine has produced a total of 290,000 tons of copper in the 11 months since it was put into operation in December last year. The annual output is estimated at 310,000-350,000 tons.

The output of Las Bambas copper mine in the first eight months was 194,797 tons, which is the fifth largest copper mine in Peru.

The total output of the above five copper mines is 1.22 million tons, accounting for 69% of Peru's total output.

Peru’s copper production is expected to reach approximately 2.8 million tons in 2023.