Between 2022-Q3 and 2025-Q2, the total Zinc export value of Peru and Australia followed a very similar path. Both experienced a slight downward trend with low volatility in the initial and early middle periods, followed by a slight upward trend with low volatility in the later periods. Overall volatility for both countries was limited. Peru’s final-quarter figure was unexpected, while Australia’s was not. Over the full period, Peru grew at a compound rate of 0.5%, reaching about USD 817,000 in 2025-Q2, while Australia grew at 0.9%, reaching nearly USD 801,000. The two series show a moderate correlation and generally moved in the same direction. In 2025-Q2, Peru and Australia recorded year-on-year growth rates of 32.0% and 25.8%, respectively.
Peru’s Zinc Chain: A Stronger Role for Zinc Concentrate
Zinc Concentrate played a stronger and more consistent role in Peru’s Zinc export chain than in Australia’s, leading in more quarters and averaging a significantly higher share (67.7% vs. 53.7%). Despite two shifts in relative position, its dominance in Peru remained clear over the period.
February 21, 2026
Lead & Zinc
Peru’s Zinc Chain: A Stronger Role for Zinc Concentrate