Peru's Mining & Metals Investment Guide 2024/2025

Peru's Mining & Metals Investment Guide 2025/2026

Mining Investment in Peru is thriving, driven by an increase in copper demand, signaling solid growth and economic prosperity. 

Metal's and Mining Sector

Peru is a global leader in the mining industry, which makes it a natural choice for international investors. Currently, it is the second largest producer of zinc and molybdenum in the world and stands amongst the top four producers for copper, silver, tin, lead and mercury. 

Peru has 10.2% of the world's copper reserves, 3.9% of its gold, 21.8% of its silver, 8.7% of zinc, 5.2% of lead and 3.1% of tin reserves, according to the most recent data published by the US Geological Survey. 

According to estimates, today metals and mining sector accounts for 8.5% of the GDP, while mineral exports represent about 63.9% of the country's total exports. Copper was the leading export metal, in terms of value, followed by gold, zinc, iron, lead, molybdenum, tin and silver.

Peru´s metal production ranking

Ore

Latin America

World

Top positions in the world

Copper

 2

3

Chile (1st), Congo (2nd)

Zinc

1

2

China (1st), Australia (3rd)

Gold

2

11

China (1st), Russia (2nd), Australia (3rd)

Silver

2

3

Mexico (1st), China (2nd)

Tin

1

4

China (1st), Indonesia (2nd), Burma (3rd)

Lead

1

4

China (1st), Australia (2nd), U.S. (3rd)

Molybdenum

1

2

China (1st), Chile (3rd)

Mercury

1

3

China (1st), Tajikistan (2nd)

Cadmium

2

9

China (1st), Republic of Korea (2nd), Japan (3rd)

Selenium

1

9

China (1st), Japan (2nd), Russia (3rd)

Source: US Geological Survey 2025, Reuters.

Economics Peru

Peru is one of the most stable economies in Latin America. Peru's economy reflects its varied geography, an arid coastal region, the Andes further inland, and tropical lands. Abundant mineral resources are found mainly in the mountainous areas, and Peru's coastal waters provide excellent fishing grounds.

In recent years, Peru has achieved significant advances in social and development indicators as well as in macroeconomic performance, with very dynamic GDP growth rates, reduction of external debt, a stable exchange rate and low inflation. Peru's rapid expansion has helped to reduce the national poverty rate from 58.7% in 2004, to 29.0% of its total population in 2023. Extreme poverty declined from 17.1% to 5.7% over the same period. It is classified as an upper middle-income economy by the World Bank, though GDP per capita is still below the Latin American average.

In 2024, GDP grew just over 3% driven by public spending and investment and robust private consumption. Lower inflation and higher employment boosted private consumption. Increased infrastructure investment and a higher public sector wage bill contributed to higher public spending. Improved business confidence and gradual monetary easing supported private investment. 

Mining Investments

 

Peru remains a leading destination for mining investments, driven by its abundant mineral reserves, investor-friendly regulatory framework, and commitment to sustainable mining practices. With 51 projects in different stages of delevepment, representing a USD54.6 billion investment pipeline, the country continues to attract international investors seeking long-term opportunities in copper, gold, and other essential minerals.

 

As one of the world’s top mineral producers, Peru is well-positioned for significant investment growth. Its diverse geological landscape, combined with a strong legal framework and government incentives, makes it an attractive hub for global stakeholders. Additionally, Peru has an exploration portfolio of 75 projects entailing spending of more than USD644 million.

 

Mining projects in Peru

 

According to the Peruvian National Society of Mining, Petroleum, and Energy (SNMPE), copper production is projected to grow by 4% in the coming years. Additionally, between 2026 and 2028, new mining projects representing an investment commitment of USD 6.88 billion are expected to break ground, reinforcing Peru’s standing as a key mining hub.

 

Of the new mining investments expected to be developed, USD40 billion is planning to be allocated to copper projects, which represent the 73% of the total investment. Gold projects represent 13% (USD7 billion) and iron ore 9% (USD5 billion).

 

Beyond production figures, Peru’s mining industry plays a vital role in the global energy transition. The country is rich in copper, zinc, silver, and molybdenum, all of which are essential for renewable energy technologies such as electric vehicles, solar panels, and energy storage systems. As global demand for sustainably sourced minerals continues to rise, Peru’s vast strategic reserves and ongoing regulatory improvements make it an ideal destination for investors looking to support the future of clean energy and sustainable mining.

Peru's Mining & Metals Investment Guide 2025/2026

Resumen

Peru is a global mining leader, ranking among the top producers of copper, zinc, gold, and silver. The sector represents 8.5% of GDP and 63.9% of exports. With 51 projects in development worth USD 54.6 billion and a USD 644 million exploration pipeline, Peru remains a prime destination for mining investments. Copper dominates future projects, making up 73% of planned investments. The country’s rich mineral reserves are crucial for renewable energy technologies, strengthening its role in the global energy transition. Supported by investor-friendly policies and sustainable mining practices, Peru continues to attract long-term global investment.

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