Peruvian exports of copper, gold, lead and molybdenum increased in November, while zinc, silver and tin shipments fell, the government said.
Peru's total metals export revenue rose 26.3% compared with a year earlier to $1.95 billion in November, the country's central bank said Tuesday in a statement posted on its website.
Copper shipments increased 23.3% in November to 210,400 mt from 170,600 mt a year earlier, while the revenue from the exports rose 24.2% year on year to $923 million and prices were little changed at $1.99/lb, the bank said. Both Chinalco and Hudbay Minerals ramped up output at their Peruvian copper mines, while Freeport-McMoRan and China Minmetals brought new projects online.
Gold exports rose 10% to 470,000 oz from 427,100 oz a year ago, while the revenue from those shipments rose 24.3% to $581 million as prices increased 13.8% to $1,236/oz from $1,086/oz, the bank said. Both Hochschild Minerals and Tahoe Resources increased production at new mines.
Lead shipments climbed 3.4% to 92,300 mt from 89,200 mt, while export revenues rose 29.4% to $175 million, the bank said. Molybdenum shipments jumped 61.3% to 2,200 mt from 1,400 mt, while revenue from the exports doubled to $26 million, the bank said. Prices rose for both metals.
Zinc shipments fell 14.8% to 107,300 mt from 125,900 mt a year earlier while revenue increased by 30.8% to $168 million due to higher prices, according to the bank.
Tin shipments from Minsur's San Rafael mine dropped 15.3% to 1,200 mt from 1,400 mt, while revenue increased 11% to $41 million. Silver shipments slumped 36.7% to 500,000 oz from 800,000 oz a year earlier, slashing export revenue by 25.3% to $9 million. Prices rose for both metals.
