copper concentrate

Peru Keeps Copper Concentrate on Top

Copper Concentrate played a more prominent and influential role in Peru’s upstream copper exports than in Chile, consistently holding a higher position and representing a larger share throughout 2022-Q2 to 2025-Q1.

Between 2022-Q2 and 2025-Q1, the export values of the Upstream Copper Industry in Peru and Chile showed a moderate and positive correlation, meaning they generally moved in the same direction. Volatility for both countries remained limited, indicating relatively stable export performance. Peru’s exports followed mostly slight upward trends with low volatility, except for a brief slight decline in the late middle period, before rising again toward the end. Chile started with a slight downward trend, but then maintained slight upward trends with low volatility through most of the period. By 2025-Q1, Peru’s export value reached about USD 6.61 million, growing 23.9% year-on-year, while Chile’s exports rose to around USD 12.6 million, up 16.8% year-on-year. Over the whole period, Peru recorded a higher compound growth rate (3.0%) than Chile (0.2%), despite Chile’s consistently larger export value.

December 29, 2025 Copper

Peru’s Metals Export: Copper on Top

Copper Concentrate has clearly led Peru’s upstream metals exports, consistently outperforming Zinc Concentrate with an 87.6% share versus zinc’s 68.6%, showing its dominant and steady role over the analyzed period.

From 2022-Q2 to 2025-Q1, Peru’s Upstream Copper Industry exports grew steadily, reaching about 6.61 million USD in 2025-Q1, while Upstream Zinc Industry exports rose more modestly to around 635,000 USD. Copper exports hit their lowest at 4.79 million USD and highest at 6.61 million USD, showing minor ups and downs across the period. Zinc exports fluctuated between 548,000 USD and 787,000 USD, starting with slight decreases and finishing with modest rises. The overall growth rate was 3.0% for copper but -1.9% for zinc. Correlation between the two was weak and inverse, with both showing limited volatility. Copper consistently outperformed zinc, highlighting a clear gap in export performance.

December 24, 2025 Copper, Lead & Zinc

Importance of changes in the global copper price on Chile and Peru economy

The growth of the concentrate price in 2021

11% of Chile’s GDP and 10% of Peru’s GDP are related to the extraction of mineral metal; among all these metals, copper is known as the crucial one in these two countries. As a consequence, copper accounts an important metal for the countries’ economies.

In view of the increase in the global copper price in 2021, Chile’s concentrate and cathode experienced an increase in their export price which respectively was 33.9% and 34%, and this increase was about 35% and 32.6% for Peru’s concentrate and cathode.

September 9, 2023 Copper

Limited Supply Effect on TC Concentrates

Increasing Revenue of Smelters and Refinery

It’s worth mentioning that during the first quarter of 2021, TC decreased by a 17% average monthly rate and recorded the least amount of the recent decade. With the help of Chinese smelters’ closing down and demands dropping, TC increased, and over the last quarter of 2022, owing to the shortage of concentrate supply without any changes it remained at high levels.

Key mines of Chile and Peru faced production disruptions due to heavy rains and indigenous protests, and this matter caused a drop in production and exacerbating the supply deficit of copper concentrate in Indonesia’s mines last year. Therefore, the drop in concentrate production was one of the crucial reasons for TC’s upward trend all over 2022.

July 14, 2023 Copper

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All posts tagged: copper concentrate

Peru Keeps Copper Concentrate on Top

Peru’s Metals Export: Copper on Top

Importance of changes in the global copper price on Chile and Peru economy

Limited Supply Effect on TC Concentrates

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