*Peru’s main extractive lobby, the Sociedad Nacional Peruana de Minería, Petróleo y Energía (SNMPE) has announced that the country’s mining exports brought in a record US$47.7bn in 2024, reflecting an 11.5% increase from 2023 (US$42.8bn). Copper remained the top export, representing 49% of total mining shipments in 2024, followed by gold (32%) and zinc (5%). The rise in export value was driven largely by higher prices for gold, which contributed an additional US$4.5bn to export revenue, lead (+US$373m) and tin (+US$240m). Mineral exports accounted for 63% of the country’s total exports in 2024, underscoring the sector’s importance for the national economy. Peru’s mining GDP expanded by 2% in 2024, driven by increased production of tin (+23%), molybdenum (+25%), gold (+7%), and silver (+15%). Copper production fell by 1% year-on-year.
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