Peru's copper exports totaled US$3.978 billion in the first four months of the year (Jan-Apr), thus increasing 42.1% over the same period in 2016 (US$2.799 billion), the National Society of Mining, Oil and Energy (SNMPE) reported.
Copper exports in April alone reached US$933 million, a 6.8% year-over-year rise from US$873 million in April 2016.
Total mining exports
As for total mining exports, the reading stood at US$1.853 billion in April, also a 5% upturn from the same month in 2016 (US$1.758 billion).
Such increase is
explained on the one hand, by better
copper (+14%) and zinc (+50.6%) prices, and on the other by greater volume and prices of lead (2.3% and 18.5%, respectively), iron (43.3%; 13%) and tin (16.8%; 13.2%) exports compared to April 2016.
However, the sum represents a 7% fall from March 2017 (US$1.989 billion) due to the overall drop in metal prices.
Still,
accumulated mining exports value for the first four months of the year (US$7.852 billion) gained 26.7% over the same period the year before (US$6.199 billion).
Gold
SNMPE figures for copper exports stand at US$563 million, 7% lower than in April 2016 (US$606 million).
Accumulated Jan-Apr 2017 gold exports, on the other hand, totaled US$2.323 billion, a 3.1% rise over the same period in 2016 (US$2.254 billion).
(END) CNA/DHT/RMB/MVB