Peru's mining industry value will see double-digit growth in 2017, driven by improving mineral prices and a strong project pipeline.
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Peru's mining industry will experience significant growth over our forecast period to 2021. We forecast the sector's value to climb from USD25.3bn in 2017 to USD33.4bn by 2021, averaging 8.2% annual growth. In particular, we expect copper to outperform in terms of production growth due to a strong project pipeline and continued investment. Silver and gold will also benefit from a number of key projects and improving precious metals prices, while tin and zinc output posts slower growth. The country will remain a top global producer of each of these minerals.