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Peru's mining sector contracted 7% in January

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(Kitco News) - The National Institute of Statistics and Informatics of Peru has announced today that the domestic mining and hydrocarbons sector declined by 8.49% in January 2021.

This contraction was due to the lower activity in the metallic mining subsector (-7.12%) caused by the lower production volumes of gold (-27.3%), lead (-13.1%), silver (-13.0%), copper (-7.6%) and zinc (-3.5%); this was partially offset by the increased production of molybdenum (22.0%), iron (13.2%) and tin (2.3%).

The production of the hydrocarbons fell by -15.56% due to the lower extraction of crude oil (-40.8%), natural gas (-5.0%) and natural gas liquids (-1.5%).

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