Peru`s gold, copper exports down

According to Mining News Pro - According to local media, the Ministry said that the largest fall was observed in mineral exports, which went down by 16.8% in January due to lower gold and copper prices. Sales of the yellow metal fell by 27.3% y-o-y, while sales of the red metal fell by 11.6% y-o-y. Combined, gold and copper make up 46% of Peru`s exports.

El Comercio newspaper`s Economic Indicator shows that mineral production, on the other hand, was down 1.26% in January.

In fact, lower sales seem to be a reflection of lower gold and copper output.

Despite the downward figures, the country`s Central Bank said the economy grew by 2% y-o-y. The financial institution forecasts a total growth of 4% by the end of 2019, which would be led by mining investments expected to reach double digits.