Copper: Humanity’s first and most important future metal
Millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more are needed to build wind and solar farms.
Copper production in Peru rose 10.9% in November from the year-ago month to 253,582 metric tons, the Andean nation’s mining ministry said on Friday.
Peru is the world’s second-largest producer of copper, behind neighbor Chile.
Peru’s production boost in the month largely came from strong performance at Anglo American’s Quellaveco mine, as well as Glencore’s Antapaccay and the jointly controlled Antamina mine.
Copper production through the first 11 months of the year was up 14% from the same period in 2022 to around 2,499,635 tons, the ministry added.
Peru’s output of the red metal was affected in the first months of 2023 as nationwide social protests caused some operations to halt production.
(By Marco Aquino and Kylie Madry; Editing by Isabel Woodford and David Gregorio)
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