LIMA, April 16 (Reuters) - Peru's copper production grew
12.7% in February to reach 216,752 metric tons, the country's
energy and mining ministry said on Tuesday.
Peru is one of the world's top producers of copper, and
mining is a key driver of the Andean country's economy.
The announcement comes a day after the government
reported that the economy
expanded 2.85% in February
, led by just over 17% growth in metals mining, which
includes copper.
Copper's February performance was due in part to a
219.4% production boost from Glencore's ( GLCNF ) Antapaccay
mine.
Anglo American's Quellaveco mine saw production
up 40.7%, with Southern Copper ( SCCO ) production up 23.1%,
the ministry said in a report.
In the year's first two months, Peru produced a total
volume of 422,127 tons, 5.4% more compared to the same period
last year.
In 2023, Peru was displaced by the Democratic Republic
of the Congo as the world's second largest copper producer,
although it remains ahead of the African country in terms of the
volume of its exports, according to data from both nations.
Mining Minister Romulo Mucho said last month he expects
copper production to reach 3.0 million tons in 2024, up from
2.76 million tons last year.