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Peru Mine Spending at Eight-Year Low Signals Copper Tightening

Peru Mine Spending at Eight-Year Low Signals Copper Tightening
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Peru miners say copper output could climb without impact from protests

Peru miners say copper output could climb without impact from protests
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Peru miners say copper output could climb without impact from protests

The head of Peru s mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in production of the metal if.

Peru miners say copper output could climb without impact from protests

The head of Peru's mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in production of the metal if large-scale mines are not affected by social protests. Victor Gobitz, president of SNMP - the top mining guild for the world's No. 2 copper-producing country - said 2024 output could hit 2.7-2.8 million metric tons, up from 2.6-2.7 million tons forecast for this year and 2.45 million tons hit in 2022. "If we operate without social conflicts next year, copper should see a rebound with respect to 2022 and 2023," Gobitz told a conference, adding investments could total $3 billion to $3.5 billion if projects are approved on time.

Peru Mine Spending at Eight-Year Low Signals Copper Tightening

Peru Mine Spending at Eight-Year Low Signals Copper Tightening
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.

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