Morning Bites
🇵🇪 Peru’s copper output fell 3% YoY in December, vs. the 11% YoY decline in November. Overall, in 2025 local production inched up 1% YoY to 2.78mnt, which was broadly in line with the expectations of SNMPE, Peru's leading mining association (~2.80mnt in 2025 vs. 2.74mnt seen in 2024)
The joint production of Chile and Peru (>35% of global Cu supply) was down 4% YoY in December and down 1% YoY in 2025
#copper
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