The Peru-focused company reported a 4.3% drop in copper production last year and expects the decline to continue this year.

After three years of exploration, Enduro is confident there are at least four large mineralized systems.

Patricia Mohr says copper's inclusion as a metal essential for the green energy transition is driving the market forward.

Carmakers are working to secure supplies of materials from lithium, nickel and manganese for batteries to magnesium for car components as they race to ramp up electric vehicle production.

Mine saw output increase 12.9% to 49,900 tonnes,.

Mexico's top copper miner reported annual revenues of $14.78 billion and a net profit of $3.87 billion.

US Metal mine production was valued at $33.8bn, 23% higher than in 2020.