Market Research Report
Peru Silver Mining to 2024 - Updated with Impact of COVID-19
|Published by||GlobalData||Product code||989961|
|Published||Content info||40 Pages
Delivery time: 1-2 business days
|Peru Silver Mining to 2024 - Updated with Impact of COVID-19|
|Published: February 15, 2021||Content info: 40 Pages||
GlobalData's "Peru Silver Mining to 2024 - Updated with Impact of COVID-19" provides a comprehensive coverage on the Peruvian silver mining industry. It provides historical and forecast data on silver production, reserves by country, and world silver prices. The report also includes a demand drivers section providing information on factors that are affecting the country's silver industry such as demand from end use sectors including industrial, jewelry, investment, and Chinese PV market. It further profiles major silver producers, information on the major active, planned and exploration projects.
Peruvian silver mine production is expected to decline for the third consecutive year in 2020, to 114.2 million ounces (Moz), against 136.2Moz, a year ago. COVID-19-related labor shortages at Uchucchacua mine, coupled with temporary suspensions at the Arcata, Huaron and Morococha mines, were the primary factors attributable for the lower production in 2020. Moving ahead, the country's Ministry of Energy and Mines plans to raise its mining gross domestic product (GDP) and investments to 14.4% and US$5.4 billion respectively in 2021, to revive its economy from the COVID-19 pandemic. Over the forecast period (2021-2024), Peruvian silver mine production is expected to grow at a compound annual growth rate (CAGR) of 2.5%, to reach 140.2Moz.