Make Kitco Your Homepage

Peru's copper output to surge 27% by 2022: minister

Kitco News

LIMA (Reuters) - Peru expects its copper production to grow 27% and gold output to expand 12% in the next three years by 2022, the country’s energy and mines minister said on Thursday.

Peru is the world’s No.2 copper producer and sixth-largest gold producer.

Peru is on track to produce 2.5 million tonnes of copper this year, up slightly from last year’s 2.44 million tonnes, Francisco Ismodes said.

Copper production has surged 77% in the past four years.

“This has been our best year yet for copper production,” Ismodes said in a broadcast presentation at a mining event in southern Peru.

Reporting By Mitra Taj, Editing by Sherry Jacob-Phillips

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News