📋 Tender Overview
In the tenth month of the year, national copper production reached 240,097 fine metric tons (FMT), representing a growth of 1.9% compared to the same month of the previous year (235,725 FMT), thanks to the good production performance of Compañía Minera Antapaccay S.A., Hudbay Peru S.A.C and Southern Peru Copper Corporation.
This is according to the Mining Statistical Bulletin (BEM) of the Ministry of Energy and Mines (MINEM), which also highlights the cumulative production of the red metal as of October, which registers a growth of 14.3% compared to the same period in 2022.
At the level of mining owners, Sociedad Minera Cerro Verde S.A.A., occupies the first place as a copper producer, followed by Compañía Minera Antamina S.A and Southern Peru Copper. Meanwhile, at the departmental level, Arequipa maintains first place with 17.8%, followed by Moquegua and Ancash, with 16.7% and 15.8%, respectively.
The document also highlights the increase in other major metals, such as gold, zinc, silver, lead and tin, which registered significant increases corresponding to the same month of the previous year.
Regarding gold, its production increased by 10% compared to October 2022, and also registered a 1.3% increase in cumulative production to October 2023, due to the higher production of Minera Boroo Misquichilca S.A, Minera Veta Dorada S.A.C, Minera Yanacocha S.R.L. and Consorcio Minero Horizonte S.R.L.
Meanwhile, zinc registered an increase of 10.4% compared to October 2022, and its cumulative production from January to October rose by 6.3% compared to the similar period in 2022, due to the production levels of Minera Shouxin Peru and Volcan Compañía Minera.
Lead reported a growth of 10% compared to 2022 and its cumulative production at the end of October 2023 registers a positive variation of 6.1% compared to the accumulated value in the period January to October 2022. As for silver, an increase of 4.2% was reported compared to October 2022.
Finally, the cumulative production of iron, between January and October 2023, reached a positive variation of 13.9% when compared to the accumulated in the same period of 2022; while molybdenum had a 4.7% growth in its cumulative production from January to October 2023.
