Peru is heading toward a significant expansion of its copper industry. The Central Reserve Bank of Peru says the country has the potential to double copper production in the coming years, driven by a pipeline of large-scale mining projects. National output exceeded 2.75 million metric tons, or about 3 million short tons, in 2024, and could rise by an additional 3.2 million metric tons, roughly 3.5 million short tons, if planned investments move forward. To achieve that growth, about $47 billion in investment would be required, largely directed to large-scale projects, Peru21 reported. The outlook comes as global ... (full story)