Peru's Copper Production to Rise Slightly, Mining Investment to Reach US$4.8 Billion, Amid Concerns Over Illegal Gold Mining

Published: Jun 4, 2025 19:43

Save

According to SMM, Peruvian mining officials have stated that the country's copper production is expected to increase slightly to 2.8 million mt this year, with mining investment projected to reach at least US$4.8 billion. Peru is the world's third-largest copper producer, having produced approximately 2.7 million mt of copper in 2024 and attracted US$4.96 billion in investment in the crucial mining sector. Jorge Montero, Peru's Minister of Mines and Energy, stated at a press conference that officials are increasingly concerned about illegal gold mining. Peru's gold exports reached US$15.5 billion in 2024, up from US$11 billion the previous year. According to industry data and estimates from Peru's financial regulatory authority, approximately 40% of Peru's gold exports are from illegal sources.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

Vale Maintained Strong Production and Sales Momentum in Q1

4 hours ago

Major Countries and Regions for Copper Foil Imports and Exports in March 2026

[Copper Foil Customs Data] According to data from the General Administration of Customs, in March 2026, the top three sources of China's copper foil imports were Taiwan, China (4,979.31 mt), Malaysia (1,197.24 mt), and Luxembourg (644.67 mt). The top three destinations for China's copper foil exports were Thailand (1,839.95 mt), South Korea (950.43 mt), and Malaysia (674.27 mt).

4 hours ago

China Copper Foil Import and Export Data by Trade Mode

[Copper Foil Customs Data] According to data from the General Administration of Customs, in March 2026, China's copper foil imports by trade mode were as follows: Ordinary Trade (5,755.06 mt), processing trade with supplied materials (400.21 mt), processing trade with imported materials (875.7 mt), and other trade modes (1,189.07 mt). China's copper foil exports by trade mode in March 2026 were as follows: Ordinary Trade (1,580.67 mt), processing trade with supplied materials (1,694.17 mt), processing trade with imported materials (2,762.66 mt), and other trade modes (625.98 mt).

4 hours ago