Peru Eyes Copper Boost From Red Tape Cuts

Peru aims to lift annual copper production by one million tons within six years by cutting regulatory hurdles. Chinese and US mining firms are showing strong interest in advancing stalled projects under the new administration.

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A general view of Anglo American's Quellaveco copper mine in Peru, obtained by Reuters on April 26, 2024. Anglo American/Handout via REUTERS

Peru expects to boost annual Copper production by 1 million metric tons within six years. The nation is cutting red tape to capture rising investments from China and the United States in critical minerals, Energy and Mines Minister Guillermo Shinno said Thursday morning.

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