Save
Print
[Ferro-Alloys.com]Peruvian export volumes of copper and molybdenum increased in January, while silver, gold, zinc, lead and tin shipments fell, the central bank said in a statement posted on its website Tuesday.
Total revenue from metals exports fell 14.2% from a year earlier to $1.35 billion in January, it added.
Copper shipments jumped 42.7% to 159,300 mt from 111,600 mt a year earlier, helping to boost export revenue by 8% to $609 million even as prices fell 24.3% to $1.73/lb, the bank said.
Freeport-McMoRan, Chinalco and Hudbay Minerals all ramped up output, while China Minmetals brought its $8.3 billion Las Bambas mine online.
Molybdenum shipments increased by 10% to 2,000 mt from 1,800 mt, while export revenue fell 41% to $17 million as prices plunged 46.6%, the bank said.
Gold exports slid 1% to 479,200 oz from 483,600 oz a year earlier, the bank said. Export revenue fell 13% to $526 million as prices declined 12% to $1,097/oz from $1,249/oz, the bank said.
Silver shipments dropped 58% to 400,000 oz from 900,000 oz a year earlier, Limawhile export revenue plummeted 62% to $5 million and prices slid 8.8%.
Zinc shipments fell 11.8% to 97,300 mt from 110,300 mt a year ago, slashing revenue by 30% to $102 million, while lead dropped by 58.6% to 32,400 mt from 78,200 mt. Export revenue fell 63% to $49 million, according to the bank.
Tin shipments from Minsur's San Rafael mine declined 42.4% to 1,100 mt from 1,900 mt a year earlier, while revenue halved to $16 million and prices fell 24%.
Peru is the world's third-largest copper, zinc and tin producer, while it is ranked second in silver production and fifth in gold output.
Peru's Jan Copper,Molybdenum Shipments Rise, Silver, Gold Exports Fall
Article from Internet for Reference only
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:Sophie]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Online inquiry
Contact
Tell Us What You Think