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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 9.28% in March 2023 compared to March 2022.
In its press release, INEI said that this improvement was a result of the positive performance in the domestic metallic mining subsector, which grew by 8.7% due to higher production of copper (19.9%), molybdenum (7.1%), iron ore (14.0%), gold (1.0%) and lead (1.5%).
This was partially offset by lower production of zinc (-23.8%), tin (-48.5%) and silver (-2.0%).
INEI added that Peru’s hydrocarbons subsector expanded by 12.66% due to higher extraction of crude oil (50.4%) and natural gas (15.3%); this was partially offset by the decrease in extraction of natural gas liquids (-3.6%).
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