In addition Peru is second largest producer of zinc, third in copper and tin, fourth in lead, and sixth in gold ("Peru"). Additionally Peru's export revenue is dominated by mineral exports at nearly 63% in 2008("Peru").

According to an article found in the Wall Street Journal, Low metal prices will have a negative impact on Peru's economy well into 2009. The article explains that the Lima Stock Exchange which is dominated by mining shed 60% in 2008. This is the most significant percentage loss in the region. The decrease in stock price coincided with the problems occurring in the global economy.

The article also explains that recovery will be slow because of the condition of economic growth world-wide. According to Gustavo Urrutia, chief of research at Peruvian brokerage Centura SAB, "In terms of metals prices, I don't think the outlook will change much (Josephs, 2009)." However, the exchange's president asserts...
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