Metals - Peru

Gold, copper prices boost regional exports in January-July period

Gold, copper prices boost regional exports in January-July period

By -

The increase in gold and copper prices this year boosted Peru's regional exports, excluding Lima and Callao, by 45% year-on-year to US$12.8bn in the January-July period, export association Adex reported in a release.

Ancash and Arequipa were the top exporting regions during the first seven months of 2010, with Ancash posting US$2.14bn, 47% higher than the year-ago period. The region's main exports include copper in concentrate, as well as zinc in concentrate, the release said.

Arequipa's exports totaled US$1.89bn, up 83% year-on-year. Its main exports were copper in concentrate, copper cathodes and gold.

Ica shipped US$1.69bn, up 39%, with copper in concentrate and iron ore in concentrate among the main exports.

Moquegua's exports rose 78% to US$1.55bn, mainly attributable to copper cathodes.

Exports from La Libertad increased 27% to US$1.39bn. Yellow metal exports accounted for 78.6% of the region's total exports during the period at US$1.09bn, according to the release.

Peru was the world's second largest producer of copper and sixth in gold in 2009. It is also a top producer of silver, zinc, tin and lead.