Peru will produce 4 million tons of copper by 2019

According to industry analysts, Peru is on the right track and plans to compete with Chile, the world's largest copper producer, with 5.8 million tonnes of copper per year, in the coming years. Peru is currently completing several expansion projects for existing mines and developing new mines.

Today Peru is in the third position among the largest copper producing countries after China, which is in the second position with a capacity of about 1.6 million tons of red metal per year. Former Minister of Economy of Peru Pedro Pablo Kuchinsky said the country could increase copper production to 3 million tons per year by 2016 and to about 4 million tons per year by 2019, compared with last year's production of about 1.4 million tons. ...

Copper production in the country will increase as Chinalco, HudBay and Glencore develop their copper production capacities. He added that the Cerro Verde mine of the Freeport McMoRan Copper and Gold copper mine is completing its expansion, which required an investment of approximately US $ 4.6 billion. New operations were also launched at Anglo American, China Minmetals and South Copper, resulting in a significant increase in copper production.

Chile's copper supply increased 6.1 percent last year from 2012, according to the Chilean statistics agency. Peru is on track to double its current copper production in 2016 and plans to regain its second place among the world's largest copper producers, the Minister of Energy and Coal Industry said.