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Peru reports sharp drop in 2020 copper production due to pandemic

Peru reports sharp drop in 2020 copper production due to pandemic

The Antamina mine in Peru is one of the largest copper/zinc operations in the world. (Image courtesy of Teck Resources).

Peru’s copper production plunged 12.5% to 2.15 million tonnes in 2020, the country’s Energy and Mines Ministry said on Monday, driven down by coronavirus-related restrictions that hammered output in the world’s second-largest producer of the red metal.

The ministry said gold production also dipped 32% in 2020, to 87.3 million fine grams.

Peruvian health authorities required the country’s sprawling gold and copper mines to sharply reduce staff between mid-March and May, prompting the sharp drop in output.

The ministry added that zinc production had also fallen 5.3% to 1.33 million tonnes.

Mining is a major economic engine in Peru, accounting for nearly 60% of the Andean nation’s exports.

(By Marco Aquino and Dave Sherwood; Editing by Paul Simao)

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