Morning Bites

🇵🇪 Peru’s copper output rose 5% YoY in April, vs. the flat YoY dynamic in March, per data released by the country’s Energy and Mines Ministry. Overall, on 4mo26 basis, local production was up 3% YoY as higher output at the Antamina, Las Bambas and Antapaccay mines offset declines at Quellaveco, Marcobre and other operations

However, the joint production of Chile and Peru (>35% of global mined Cu output), was down 8% YoY in April and 4% lower YoY in 4mo26 amid ongoing supply issues in Chile

#copper