Natalie Scott-Gray discusses the importance of Peru’s reopening of key mining corridor after a period of significant political volatility: the countries mines are responsible for 12% of global copper output, or 2.8 million tons in 2023; in addition, Peru produces significant lead, zinc, tin, and silver. The copper prices is weakening, just as Peru’s significant production comes on line. The copper price bounced at the start of the year but fell back on disappointing demand news from China. While the technical position looks weak, in the chart below, longer term we believe the outlook is bullish. Peru declared a ... (full story)