Peru's copper production returning to normal levels
Bnamericas - Production of copper, Peru's main metal export, has practically returned to the levels seen prior to the COVID-19 crisis, which has been shown by the electricity demand of the big mining companies operating in the country.
“A fairly good predictor of how production is advancing in large-scale mining is electricity consumption, and as of August it was 4.4% lower than in August last year, but, if we look only at copper mines, their demand was just 0.4% lower," said deputy mines minister Jaime Gálvez in an online conference." We can already say that we're practically producing at pre-pandemic levels."
Unlike August, electricity consumption in April and May showed the largest year-on-year drops, at 39.2% and 30.6%, respectively.