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Peru Is Approaching Peak Copper — For Now — as New Mines Stall
Peruvian copper production probably will rise through next year before flattening out due to a slowdown in investment, according to the head of the country’s mining society. Output from the world’s biggest copper supplier after Chile this year jumped 20% through July from the same period in 2022 as mines recovered from blockades that choked shipments and as a new Anglo American Plc project ramped up. Annual output is set to come in at 2.6 million tons, up from 2.4 million last year, and reach upwards of 2.8 million in 2024, said Victor Gobitz, who leads the mining society known as SNMPE. His outlook assumes no ... (full story)