Dec. 29 (UPI) -- 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 demand for copper rises alongside the energy transition, transport electrification and the buildout of infrastructure tied to renewable energy and clean technologies.
