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Peru's mining sector expands in July as copper production up 18%

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(Kitco News) - The National Institute of Statistics and Informatics of Peru (INEI) announced today that the domestic mining and hydrocarbons sector expanded by 11.38% in July 2023 compared to the corresponding period in 2022.

In a press release, INEI said that this growth was a result of the positive performance in the domestic metallic mining subsector, which increased by 13.35% in July 2023 primarily due to higher production of molybdenum (24.7%), copper (18.1%) and zinc (8.6%).

INEI added that Peru’s hydrocarbons subsector contracted by 1.64% in July 2023 due to lower production of natural gas liquids (-13.8%) and crude oil (-7.2%), while production of natural gas was up 26%.

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