All posts tagged: Upstream Copper Industry

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.

khorasaniPeru Keeps Copper Concentrate on Top
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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.

khorasaniPeru’s Metals Export: Copper on Top
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Upstream Cathode Outshines Downstream Wirerod

Between 2019 and 2024, Copper Wirerod played a noticeably smaller role in downstream trade than Copper Cathode did in upstream markets, and cathode kept its stronger position every single year.

From 2019 to 2024, the Downstream Copper Industry grew steadily from about USD 81.9 million to USD 123 million, while the Upstream Copper Industry expanded faster, rising from USD 130 million to USD 225 million. Downstream reached its lowest point in 2020 and upstream in 2019, but both hit their highest levels in 2024. Over time, downstream moved from medium upward trends with normal volatility to slight declines and then slight recoveries with limited volatility; upstream showed a similar late-period pattern. In 2024, downstream and upstream values rose by 11.0% and 10.0%, respectively. Overall, the two industries showed a very good correlation and moved in the same direction during the entire period.

khorasaniUpstream Cathode Outshines Downstream Wirerod
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