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Peru's May copper, zinc, gold, silver, moly exports rise on year: central bank

https://www.chemnet.com   Jul 13,2017 Platts
Peru's export volumes of copper, zinc, gold, silver and molybdenum rose year on year in May, while lead declined and tin was unchanged, the central bank said Tuesday in a statement posted on its website.

Total metals export revenue rose 23.5% from a year earlier to $2.12 billion in May, the bank said.

Copper shipments climbed up 2% year on year in May to 212,500 mt, while a 22% increase in copper prices to $2.20/lb from $1.80/lb boosted export revenue by 24.5% to $1.03 billion, it added.

Gold exports rose 11.2% to 492,700 oz over the same period, while export revenue gained 10.2% to $614 million even as prices slid 1% to $1,246/oz from $1,258/oz, the bank said. Silver shipments rose 11% to 600,000 oz, while export revenue increased by 14% to $10 million.

Zinc shipments jumped 37.6% to 121,900 mt while revenue doubled to $221 million, according to the bank. Tin shipments from Minsur's San Rafael mine were little changed at 1,600 mt and revenue rose 31% to $31 million, while molybdenum shipments gained 52.8% to 1,900 mt and export revenue nearly tripled to $31 million. Prices rose for all three metals.

Lead shipments fell 2.4% to 73,400 mt, while stronger prices boosted export revenue by 9% to $136 million.

Peru is the world's second-largest copper and silver producer, No. 3 in zinc and tin, and No. 5 in gold.
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