- Peru, the world's second-largest copper producer, relies heavily on aging mines, with limited new projects in the past five years and declining resource grades.
- The country holds significant mineral reserves, including 12.0% of global copper reserves, and has seen stable production above 2.4 million tons annually, except during the pandemic.
- With limited supply growth and expectations of U.S. interest rate cuts, investment opportunities in the copper sector are viewed positively, despite risks from price volatility and geopolitical factors.
