Summary
In 2024, Peru's mining investment is projected to grow by 6% after a 9.9% decline in 2023, reaching around $5 billion. This growth is driven by several key projects, including the Toromocho Phase II expansion and the Antamina Replacement. Other significant investments are expected from projects like Corani (Bear Creek) and Chalcobamba Phase I (Las Bambas). The sector's recovery is supported by favorable metal prices, particularly for gold and copper (Reporte Minero).
Insights
Peru's mining investment is projected to grow by 6% in 2024, reaching approximately $5 billion.
This follows a 9.9% decline in 2023.
Key projects driving this growth include Toromocho Phase II, Antamina Replacement, Corani (Bear Creek), and Chalcobamba Phase I (Las Bambas).
Favorable metal prices, especially for gold and copper, are supporting the sector's recovery.
Source: https://www.reporteminero.cl/noticia/noticias/2024/02/peru-inversion-minera-cerceria-seis-por-ciento
