Mining Opening Up4 Mar 2023 12:19
Key copper mines in Peru are cranking up activity again after protests and blockades dented production, power data analyzed by Reuters showed, potentially boosting supply from the world's no. 2 producer of the red metal.
Major copper mines including Las Bambas, owned by China's MMG Ltd, and Glencore Plc's Antapaccay are drawing on full power, publicly available electricity data up to Friday show, after reduced usage amid disruptions.
The data from Peruvian power sector body COES gave the most rapid and detailed gauge of Peru's mining activity, key for understanding the supply outlook for the metal, with global prices already elevated at around $9,000 per ton
Good news for the Sector!!!