Peru’s mining exports decreased on an annual basis July because of lower zinc, iron ore, lead, and molybdenum demand.
However, Peruvian copper exports increased by 2.6pc to 207,700mt in July from 202,300mt a year earlier, according to the latest data from the Peruvian Central Bank. Zinc shipments, on the other hand, declined by 7.1pc to 83,700mt from 90,100mt in July 2019, while lead exports also dropped by 26.8pc to 57,000mt from 77,800mt.
Molybdenum exports decreased by 16.7pc to 1,700mt in July from 2,100mt in July 2019, and iron ore exports decreased by 11.4pc to 1,000mt from 1,200mt during the period.
The mining industry is one of the most important economic activities in Peru, comprising about 9pc of its GDP and 60pc of its exports. Copper and gold are the most important metals exported by value.