Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – Zinc production in Peru, the world’s second largest zinc producing country, fell by 9.8% in March 2022.
This was announced by the Ministry of Energy and Mines of Peru (MINEM) in a report released this week.
According to the report, Peru produced 120,875 tonnes of zinc in March 2022, down 9.8% compared to 134,001 tonnes mined in March 2021.
MINEM added that in the first quarter of 2022, zinc production in Peru fell by 11.8% as a result of a lower output reported by Compañía Minera Antamina S.A. (-2.4%), Nexa Resources Peru S.A.A. (-17.3%) and Compañía Minera Chungar S.A.C. (-20.3%).
At the company level, Compañía Minera Antamina S.A. ranked first accounting for 38.2% of total zinc production in Peru, followed by Volcan Compañía Minera S.A.A. (10.1%) and Nexa Resources Peru S.A.A. (6.5%).
The ministry noted that at the regional level, Áncash maintained its first position accounting for 41.9% of Peru’s total zinc production, followed by Junín (18.1%) and Pasco (14.2%).
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
