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Financial News: Pacific Alliance: Bloc Among Biggest Minerals Producer In

Pacific Alliance: Bloc Among Biggest Minerals Producer In The World - Minister

09/24/2017 - 19:06:00 (RTTNews)

(RTTNews) - The Pacific Alliance countries (Peru, Chile, Mexico and Colombia) are among the main mineral resources producers in the world, said the Peruvian energy and mines minister, Cayetana Aljovín, in a speech.

According to her, the Pacific Alliance is the world's leading producer of copper, silver and molybdenum. Peru and Chile account for 40% of copper's global production, she said. "If we add Mexico's share, it amounts to 43.4%, quadrupling Chinese production (8.9%)," the minister said.

Regarding silver production, Mexico and Peru lead with 37.2% world production, while Chile ranks fourth, with 5.5%. "The Pacific Alliance would have a joint participation of 42.7%," she stated.

Regarding molybdenum production, China is the sole main producer in the world, with a share of 38.7%. However, the Pacific Alliance countries combined produces 38.8% of molybdenum world production.

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