Mining investment reached USD 2.63 billion in January–May 2026, up 43.6% y/y from USD 1.83 billion in the same period of 2025, according to Peru’s Ministry of Energy and Mines (chart 1). Just in May, investment totaled USD 581.1 million, increasing 44.1% y/y and extending the strong momentum seen in the first four months of the year. At the company level, Southern Peru remained the clear leader (see table 1 on page 2), supported by progress at copper project Tía María and capex works across its operations. Shougang also continued to stand out, with investment focused on expanding, sustaining, and extending the life ... (full story)