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Copper output in Peru down 1.4% in October
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Copper output in Peru down 1.4% in October
Dec 13, 2024 6:09 AM

LIMA, Dec 13 (Reuters) - Peru's copper production in

October fell 1.4% compared to the same month last year due to

less output from two of the country's largest mines, official

data showed on Friday.

October copper production totaled 236,797 metric tons.

The Andean country is the world's No. 3 supplier of the key

industrial metal.

The data, from the Energy and Mining Ministry, showed

that copper production from the Cerro Verde mine controlled by

Freeport-McMoRan ( FCX ), and the Antamina mine run jointly by

Glencore ( GLCNF ) and BHP, fell in the month by 6.6%

and 22.2%, respectively.

During the first 10 months of the year, national copper

production totaled 2.23 million tons, down 0.7% compared to the

same 10-month period last year.

The government forecasts that 2024 copper output will

total 2.8 million tons, up slightly from the 2.76 million tons

mined last year.

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