The Central Bank of Peru published data showing metallic mining production increased 3.2% year on year in January 2025, driven by stronger copper and molybdenum output. Copper production rose 7.3% year on year, reflecting a base effect and higher extraction, including a rebound at Las Bambas, Cerro Verde and Quellaveco after maintenance in January 2024, alongside higher output at Chinalco and Southern Copper. Molybdenum increased 24.0% on higher processing at Cerro Verde and Southern Copper and higher ore grades at Chinalco. Silver grew 4.5% due to Buenaventura’s restart of operations at the Uchucchacua mine and the start-up of the Yumpag project, as well as a higher share of silver in Antamina’s copper concentrates; iron rose 3.1% led by Shougang and tin increased 0.3% at Minsur. The same dataset shows year-on-year declines in gold (-15.9%), zinc (-12.2%) and lead (-4.9%) in January.
Central Bank of Peru 2025-04-03
Central Bank of Peru reports January 2025 metallic mining production up 3.2% year on year driven by copper and molybdenum
The Central Bank of Peru reported a 3.2% year-on-year increase in metallic mining production for January 2025, driven by higher copper and molybdenum output. Copper production rose 7.3% due to increased extraction and a rebound at key mines, while molybdenum surged 24.0% on improved processing and ore grades. However, declines were noted in gold, zinc, and lead production.