Peru Copper Mining to 2030 (2024 Update)

Peru Copper Mining to 2030 (2024 Update)

Peru Copper Mining to 2030 (2024 Update)

Summary

GlobalData's ""Peru Copper Mining to 2030"" provides a comprehensive coverage on the Peruvian copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.

Peru has the world’s third largest copper reserves in the world after Peru and Australia, with 77 million tonnes (Mt), equivalent to 8.8% of the global total as of January 2022. After witnessing a significant fall in 2020 owing to the pandemic-related restrictions, Peru’s copper mine production recovered by 6.9% to 2,299.3Kt in 2021, as mining companies gradually started to operate at pre-COVID levels, which was supported by increasing copper prices. Despite these suspensions, in 2022, the country’s copper production is forecast to increase by 4.8%, to reach 2.3Mt, before rising to 3.1Mt by 2026 - a CAGR of 6.3% over the forecast period (2022-2026). Overall, production will be largely supported by production from the existing portfolio of operating mines including, Antamina, Cerro Verde and Las Bambas (subject to the resumption in mining activities soon), which is expected to contribute for up to 50% of the growth over the forecast period.

Scope

• The report contains an overview of the Peru copper mining industry including key demand driving factors affecting the Peru copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.

Reasons to Buy

• Gain insights into historical and projected copper production, reserves, and global prices.
• Identify the end-use sectors shaping the Peruvian copper industry.
• Make informed strategic decisions based on comprehensive data and expert analysis.
• Identify major copper producers and stay ahead of the curve.
• Get details on major active, planned, and exploration projects in Peru.
• To get an in-depth analysis of production obstacles.
• Understand the predicted growth in copper production and its drivers.
• Gain insights into this major contributor to Peru's copper output.
• Evaluate investment opportunities in the Peruvian copper industry.
• Develop effective policies for the mining sector.