LIMA, May 13 (Reuters) - Peru's copper production came
in essentially flat for March at about 219,000 metric tons,
government data showed on Monday, with output of the key
industrial metal from January totaling some 641,000 metric tons.
Copper output during the first three months of this year is
up 3.5% compared to the same period last year, according to the
data from Peru's energy and mining ministry.
March production edged down 0.1% compared to the same month
in 2023, the ministry's data showed.
Peru is one of the world top copper miners, with revenue
from sales of the red metal prized for its ability to conduct
electricity providing crucial support for the South American
country's economy.
Among the country's top miners, Grupo Mexico's
subsidiary Southern Copper ( SCCO ) saw its January-to-March
output rise nearly 20%, while production from commodity giant
Glencore's ( GLCNF ) Minera Antamina unit increased about 13%
during the three months.
March production of gold, zinc, iron, tin and molybdenum
were all up in the month, but silver and lead dipped.
Energy and Mines Minister Romulo Mucho has said he expects
copper production to reach 3.0 million tons this year, which if
achieved would mark nearly 9% growth compared to last year's
national output of the metal.
For years, Peru was the world's second largest copper miner
behind Chile, but its No. 2 position was taken last year by the
Democratic Republic of the Congo in Africa in terms of
production. Even so, Peru remains No. 2 globally in terms of
copper exports, according to official data.