Global Business Reports


Ben Cherrington, Mariolga Guyon

Peru Mining 2021 - Digital Version

July 18, 2021

In 2020, investment into Peru’s mining industry totalled US$4.33 billion, a decrease of over 29% from the US$6.15 billion spent in 2019. However, a rebound is expected in 2021. Producers have been looking to make up for time lost during the three-month lockdown in 2020, spurred on by the surging copper price, which hit an all-time-high in May 2021, and has remained over US$4/lb since February.

The election of Pedro Castillo’s Perú Libre government comes at a crucial moment for the country. Peru’s mining sector could be its engine of economic recovery, but this will require collaboration between the State and the private sector. To take advantage of the bullish macro outlook for mining and metals, political stability and addressing a cumbersome permitting process are urgent.

Our 2021 Peru Mining Report, the first fully digital report in GBR’s Peru Mining series, is the product of over 120 interviews with major mining companies, junior explorers, engineering firms, consultants, service providers, equipment and technology suppliers and associations. The result is an up-to-date review and analysis of the current operations, projects and trends in Peru's mining industry.


PPS explains its objectives to expand progressively to the whole Latin American region and to become eventually a world-class player.
MMG-Las Bambas speaks to GBR about recent progress and future goals.
"The mining sector is the backbone of the transition to a net zero emissions economy. The World Bank estimates that there will be a 500% growth in the demand for critical minerals, which are required for this transition."
"Anglo American’s agreement with ENGIE Energía Peru sends a message to the mining industry and to Peru that renewable energy is feasible, and we are very proud to be the first mine in the country that powers its entire operation via renewables."


Mexico Chemicals 2023 Chemical Week Release

Over the first 10 months of 2022, Mexico exported 20% more products to the United States than it did during the same period the year before. The global trend towards regionalization is lifting the entire Mexican industrial sector, but for the chemical industry in particular, 2022 was a year of nearshoring-driven growth. 



"With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, we anticipate that the sector will continue showing resilience and growth, remaining financially sound in 2023."