Brazil, Argentina and Ecuador showed the largest hikes in consumption during January-November 2018, industry data show.
Copper, zinc, iron ore, molybdenum and precious metals exports surged last year to drive Peru's exports to a record.
Companies with precious metals and lithium assets in Mexico, Argentina and Chile, announce financing and option agreements.
The plant, to serve the Centinela mine, will have initial capacity of 23MW with the option of expanding in a second stage.
A planned US$180mn expansion of Leagold Mining's Los Filos operation will make it one of Mexico's largest and lowest cost gold mines.
Iron ore prices have already broken the US$90/t mark for the first time since March 2017, following Vale's decision to cut output from its own operations by 70Mt.
Schwager said that the required working capital will be managed through available resources.