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July 19, 2024
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Mining: silver production grows, but copper production falls

Mining: silver production grows, but copper production falls

In May, the production of most of The price of silver rose 21.9% compared to the same month last year, according to data from the Ministry of Energy and Mines (Minem).

Significant growth was also observed in the production of molybdenum (22.7%), iron (20.7%), lead (19.8%), tin (7.2%) and gold (4.5%).

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The situation was different for copper, which fell by 1.4%. Despite this contraction, Moquegua maintained its leadership in the production of the red metal with 18.2% of the share, thanks to the Anglo American Quellaveco SA project.

Meanwhile, at the mining title level, Sociedad Minera Cerro Verde continued to lead the list of the largest producers, despite having shown a 6.3% contraction in relation to accumulated production in May 2023.

Zinc production also fell by 11.3% as a result of the lower levels reported by the Antamina Mining Company. This metal has accumulated a decline of 7% so far this year.

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