Chile is currently the world’s leader in copper production.

The president of the Institute of Mining Engineers of Peru (IIMP), Víctor Gobitz, said yesterday that Peru has the potential to export more than five million tons of fine copper per year and thereby “fight” Chile for first place of world production.

Gestión wrote that Chile is currently the world’s leading copper producer with a production of 5.2 million tons per year.

“But if you look at the portfolio of new mining projects in Peru, of $60,000 million dollars, 65% is copper,” Víctor Gobitz told Andina, according to Gestión, which means that there is a great opportunity to achieve higher production levels and reach Chile.

Gobitz informed that the copper portfolio in Peru includes Michiquillay, Galen, Conga, La Granja, Tía María, Mina Justa, Los Chancas, and others.

“He explained that in addition to the mining potential, our country has other strengths that Chile does not have, such as the low energy cost and a competitive workforce.”, said Gestión.

In addition, Gobitz informed that the copper price will remain above $3,00 US dollars per pound because there is a strong demand for this mineral.

(Source)

(Cover Photo Pxhere)

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