The head of Peru’s mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in production of the metal if large-scale mines are not affected by social protests.
“If we operate without social conflicts next year, copper should see a rebound with respect to 2022 and 2023,” Gobitz told a conference, adding investments could total $3 billion to $3.5 billion if projects are approved on time. Peru’s copper output has reached 1.77 million tons through the first eight months of this year, according to official data.
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