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Peru copper production to increase 30% by 2021-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
1/10/2018 Copper exhibition -non-ferrous metals expo |
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Andina reported that Peru¡¯s copper output will expand 30% by 2021 due to new production units, whose construction will start in 2018, Deputy Mines Minister Ricardo Labo projected. These mining projects entail an investment worth over USD 10 billion.
Likewise, Mr Labo estimated copper production will reach 2.53 million fine metric tons in 2018, driven by better performance at mining companies.
According to Energy and Mines Ministry¡¯s statistics, Peru''s copper output stood at 2,353,856 FMT in 2016, a significant increase compared to the figure registered in 2008 (1,267,867 FMT).
Mr Labo expressed that "Last year, Peru produced around 2.3 million fine metric tons of copper, and we expect to reach 2.53 million tons this year."
Additionally, he noted this increase was explained by greater dynamism at mining firms, as well as the maximum production capacity at Las Bambas.
-2018 China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
-Non-Ferrous Metal exhibition, 2018
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China Copper exhibition, China Copper expo
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