According to SMM, Peruvian mining officials have stated that the country's copper production is expected to increase slightly to 2.8 million mt this year, with mining investment projected to reach at least US$4.8 billion. Peru is the world's third-largest copper producer, having produced approximately 2.7 million mt of copper in 2024 and attracted US$4.96 billion in investment in the crucial mining sector. Jorge Montero, Peru's Minister of Mines and Energy, stated at a press conference that officials are increasingly concerned about illegal gold mining. Peru's gold exports reached US$15.5 billion in 2024, up from US$11 billion the previous year. According to industry data and estimates from Peru's financial regulatory authority, approximately 40% of Peru's gold exports are from illegal sources.

On June 3 (Tuesday), Peruvian mining officials stated on Tuesday that the country's copper production is expected to increase slightly to 2.8 million mt this year, with mining investment projected to reach at least US$4.8 billion. Peru, the world's third-largest copper producer, produced approximately 2.7 million mt of copper in 2024 and attracted US$4.96 billion in investment in the crucial mining sector. Jorge Montero, Peru's Minister of Mines and Energy, stated at a press conference that officials are increasingly concerned about illegal gold mining. Peru's gold exports reached US$15.5 billion in 2024, up from US$11 billion the previous year. According to industry data and estimates from Peru's financial regulator, approximately 40% of Peru's gold exports are from illegal sources. Montero noted that informal and illegal copper mining has also increased in the Apurimac and Arequipa regions of southern Peru, though he stated that it still accounts for a small proportion of the country's total production. Montero said that in Q1 2025, copper production from formal miners reached 660,000 mt, an increase of nearly 4% compared to the same period last year. From January to March this year, over US$1 billion has been invested in the mining sector, with more investments expected to fund mine expansions, exploration, and equipment. (Wenhua Comprehensive)

[China Remains Peru's Largest Copper Exporter] According to a report on the BNAmericas website, driven by the mining sector, Peru's exports rebounded in Q1. Data from the Ministry of Foreign Trade and Tourism of Peru showed that copper, gold, and zinc were the main factors contributing to the growth in mineral exports. In February, affected by shrinking demand, Peru's copper exports decreased by 0.4% YoY. However, in March, Peru's copper export value reached $2.58 billion, up 24.7%; in Q1, the cumulative copper export value was $6.62 billion, up 23%. (Webstock Inc.)

According to a report on the BNAmericas website, driven by the mining sector, Peru's exports rebounded in Q1. Data from Peru's Ministry of Foreign Trade and Tourism showed that copper, gold, and zinc were the main factors contributing to the growth in mineral exports. In February, due to shrinking demand, Peru's copper exports fell 0.4% YoY. However, in March, Peru's copper export value reached $2.58 billion, up 24.7% YoY. In Q1, the cumulative copper export value was $6.62 billion, up 23% YoY. In March, Peru's gold export value was $1.53 billion, up 65% YoY. In Q1, the export value was $4.17 billion, up 53.7% YoY. In Q1, Peru's total export value of mineral products (metals and non-metals) was $13.3 billion, up 29.1% from $10.3 billion in the same period of 2024. During the same period, Peru's total merchandise export value was $20.6 billion, up 27.3% YoY. China remained Peru's main export destination for copper. In Q1, Peru's copper exports to China were $4.88 billion, up 22.8% YoY. Meanwhile, Peru exported $673 million worth of copper to Europe, followed by Japan ($407 million), South Korea ($237 million), and Brazil ($166 million). Canada was Peru's main export destination for gold, with an export value of $811 million in Q1, followed by India ($691 million) and Switzerland ($613 million).

Recently, domestic antimony ingot market prices have continued to rise sharply, with actual trading volume being limited. Due to the impact of news such as the arrivals of Russian ore, the market supply side still maintains a cautious attitude, with a strong wait-and-see sentiment.

Recently, the domestic antimony ingot market prices have continued to show a strong and significant upward trend. Currently, due to the ongoing tight supply of domestic and imported antimony ore, the reluctance to sell raw materials is also very evident.