Peru Copper Mining to 2030 (2025 Review)
Description
Peru Copper Mining to 2030 (2025 Review)
Summary
GlobalData's Peru Copper Mining to 2030 (2025 Review) provides a comprehensive coverage on the Peruvian copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.
Peru ranks as the world's second-largest copper producer after Chile. Following a marginal 0.7% decline in 2024, Peru’s copper production is forecast to rebound with 1.9% year-on-year (Y-o-Y) growth to 2,788.7 thousand tonnes (kt). Growth will be driven by planned higher output at the China Minmetals’ Las Bambas mine, where the new Chalcobamba pit, commissioned in in Q4 2024, will lift the complex’s output to 360-400kt in 2025 from 322.9kt last year. Additionally, Las Bambas’ Ferrobamba pit is also expected to deliver strong production in 2025.
Overall, Peru’s copper production is expected to grow at an annual compound growth rate of (CAGR) of 3.9% to reach 3,381.1kt by 2030, with sustained growth largely driven by the ongoing expansion of Las Bambas’ Chalcobamba pit.
Scope
Summary
GlobalData's Peru Copper Mining to 2030 (2025 Review) provides a comprehensive coverage on the Peruvian copper mining industry. It provides historical and forecast data on copper production, reserves by country, and world copper prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s copper industry such as demand from end use sectors. It further profiles major copper producers, information on the major active, planned and exploration projects.
Peru ranks as the world's second-largest copper producer after Chile. Following a marginal 0.7% decline in 2024, Peru’s copper production is forecast to rebound with 1.9% year-on-year (Y-o-Y) growth to 2,788.7 thousand tonnes (kt). Growth will be driven by planned higher output at the China Minmetals’ Las Bambas mine, where the new Chalcobamba pit, commissioned in in Q4 2024, will lift the complex’s output to 360-400kt in 2025 from 322.9kt last year. Additionally, Las Bambas’ Ferrobamba pit is also expected to deliver strong production in 2025.
Overall, Peru’s copper production is expected to grow at an annual compound growth rate of (CAGR) of 3.9% to reach 3,381.1kt by 2030, with sustained growth largely driven by the ongoing expansion of Las Bambas’ Chalcobamba pit.
Scope
- The report contains an overview of the Peru copper mining industry including key demand driving factors affecting the Peru copper mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.
- To gain an understanding of the Peruvian copper mining industry, relevant driving factors
- To understand historical and forecast trend on Peruvian copper production
- To identify key players in the Peruvian copper mining industry
- To identify major active, exploration and development projects in Peru
Table of Contents
- Overview
- Reserves
- Gold production
- Competitive landscape
- Gold prices
- Active mines
- Major development projects
- Major exploration projects
- Demand
- Mining taxes and royalties
- Appendix
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