📋 Tender Overview
In August 2024, domestic copper production reached its highest monthly figure of the year, at more than 240,000 fine metric tons.Lima, October 31, 2024.- Peru is consolidating its position as one of the leaders in the world production of copper, a coveted metal that in recent years, with the rapid development of technology, has gained great relevance.
Our country is the second largest copper producer in the world, a position that makes us proud, but which implies, at the same time, a challenge to continue advancing and generating more development in the country, said the president of the republic, Dina Ercilia Boluarte Zegarra, during the closing ceremony of Expocobre 2024.
The president highlighted that in August of this year alone, national copper production reached 246,568 fine metric tons, the highest monthly figure in 2024, which represents a growth of 10.9% compared to July of this year and an increase of 10.7% compared to August 2023.
She also recalled that exports of the red metal amounted to 1,951 million dollars in July 2024, which represents a growth of 1.4% compared to July 2023, driven mainly by the increase in the price of copper and by higher purchase orders.
A recent report from one of the worlds largest companies highlights how copper is reshaping the future of the planet and how its demand could double by 2050.
In the midst of this favorable scenario, President Dina Boluarte highlighted some works that will contribute to consolidating the country as a world power in the production of this mineral. Among them, she mentioned the expansion of the smelter and refinery in Ilo, the expansion of Cuajone and the launch of projects such as Los Chancas, Michiquillay and Tia Maria.
Added to these are other large-scale projects, such as the Chinchero airport in Cusco --whose addendum was signed on October 30--, the new Jorge Chavez International Airport and the Chancay megaport, which will make the country an attractive destination for foreign investment.
Our country is experiencing one of the most favorable times in its history in terms of investment for development. Therein lies the challenge we have as authorities and as actors in the mining sector: to ensure that the benefits of mining reach more and more Peruvians, the president emphasized.
The vision of the government of President Dina Boluarte is that mining is an engine of transformation for the regions. Let it build, together with us, a better future for Peru, a future without inequality gaps, with progress and social justice in every corner of the country, she said.
She also reiterated that our economy is experiencing a sustained recovery. We have the lowest inflation in the region and we offer legal stability and clear rules of the game for environmentally responsible investments. In parallel, international conflicts and the pandemic have accelerated the change in the global energy matrix, which has caused an unusual boost in the demand for critical minerals or strategic metals, among which copper stands out, she said.
Finally, the Head of State congratulated the organizers of Expocobre 2024 and expressed her wish for many more editions of this important event that promotes the investments that our country so badly needs.
