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Released February 21, 2025 | CORDOBA, ARGENTINA
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Researched by Industrial Info Resources (Sugar Land, Texas)--Peru is the world's second-largest copper producer and a key player in the production of gold, silver, zinc and lead. The mining industry is a fundamental pillar of the country's economy, accounting for a significant share of GDP and export revenues.
However, the sector faces challenges such as declining ore grades, aging infrastructure and growing social and environmental concerns. These factors have limited copper production growth in recent years, a trend expected to continue in 2025.
Industrial Info monitors more than 600 Metals & Minerals Industry projects in Peru, representing investments exceeding US$54 billion. These investments are primarily concentrated in four regions of the country. First, Cajamarca accounts for 24% of the total projects, with investments exceeding US$12 billion. Second, Apurímac has more than US$8 billion in projects. Lastly, the regions of Arequipa and Ayacucho have 9% and 8% of the total investments, respectively.
According to production reports, copper output in 2025 is expected to remain stable for the third consecutive year, highlighting a plateau in production levels. Factors such as lower ore grades and a shortage of new operational projects are limiting sector growth.
Data from Industrial Info's Global Market Intelligence (GMI) reflects this market trend. Of the total monitored projects, 91% of the investments are in the planning phase, representing more than US$32 billion in Peru's Metals & Minerals Industry. Projects in the engineering phase account for 5% of the Peruvian market, while projects under construction make up 4%, totaling US$2 billion in investment.
One notable investment is the San Gabriel project by Compañía de Minas Buenaventura (Lima, Peru), which is expected to complete its construction phase in the second half of 2025. This underground gold mine is estimated to produce 160,000 ounces of gold per year. Subscribers to Industrial Info's GMI Metals & Minerals Project and Plant databases can click here for the project report and here for the plant profile.
Social and environmental concerns continue to pose challenges for the mining industry in Peru. Protests and operational disruptions have affected projects in the past and could remain an obstacle for future investments. Government support will be crucial in securing approval for new projects by ensuring agreements with local communities and promoting sustainable practices.
Additionally, the political environment is a determining factor. Uncertainty and potential changes in government policies could impact investor confidence. With presidential elections in 2026, 2025 could serve as a year of economic assessment for companies, possibly delaying investment decisions. A stable government policy that ensures the sustainable development of mining projects, fosters agreements with local communities and promotes a climate of stability and cooperation is essential.
Peru has a large portfolio of projects that, if approved, could enter the construction phase in the short term. Various global economic drivers, such as electrification, energy transition and the manufacturing of electric vehicles, are expected to sustain copper demand, benefiting producing countries like Peru.
According to Industrial Info data, Peru has an investment portfolio of more than $12 billion that could begin construction in 2025, demonstrating its high mining potential. However, these investments are expected to continue facing delays. Some key projects set to begin construction in 2025 include:
The growing demand for lithium presents an opportunity to diversify Peru's mining sector. The country is estimated to hold significant lithium reserves in the Puno region, home to the Falchani Project, one of the world's largest hard-rock lithium deposits, developed by American Lithium Corporation (Vancouver). The project is expected to produce up to 63,000 tons of lithium carbonate per year for 33 years, positioning Peru as a key player in the energy transition. Subscribers can click here for the project report and here for the plant profile.
However, the development of this project faces challenges, including the lack of lithium mining regulations, the implementation of sustainable extraction technologies and social conflicts with local communities.
The future of Peru's mining industry in 2025 will be characterized by stable copper production, new lithium opportunities and challenges in project approvals. Despite political uncertainty and investment delays, mining remains a crucial driver of the country's economy.
To promote sustainable growth, it is essential to have a stable regulatory framework, government support, and dialogue with local communities. Furthermore, investment in infrastructure--such as ports and airports--complements mining development by improving the country's competitiveness and attracting new investments. The combination of mining and infrastructure represents a key strategy for Peru to strengthen its economy and consolidate its position in the global market.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
However, the sector faces challenges such as declining ore grades, aging infrastructure and growing social and environmental concerns. These factors have limited copper production growth in recent years, a trend expected to continue in 2025.
Industrial Info monitors more than 600 Metals & Minerals Industry projects in Peru, representing investments exceeding US$54 billion. These investments are primarily concentrated in four regions of the country. First, Cajamarca accounts for 24% of the total projects, with investments exceeding US$12 billion. Second, Apurímac has more than US$8 billion in projects. Lastly, the regions of Arequipa and Ayacucho have 9% and 8% of the total investments, respectively.
According to production reports, copper output in 2025 is expected to remain stable for the third consecutive year, highlighting a plateau in production levels. Factors such as lower ore grades and a shortage of new operational projects are limiting sector growth.
Data from Industrial Info's Global Market Intelligence (GMI) reflects this market trend. Of the total monitored projects, 91% of the investments are in the planning phase, representing more than US$32 billion in Peru's Metals & Minerals Industry. Projects in the engineering phase account for 5% of the Peruvian market, while projects under construction make up 4%, totaling US$2 billion in investment.
One notable investment is the San Gabriel project by Compañía de Minas Buenaventura (Lima, Peru), which is expected to complete its construction phase in the second half of 2025. This underground gold mine is estimated to produce 160,000 ounces of gold per year. Subscribers to Industrial Info's GMI Metals & Minerals Project and Plant databases can click here for the project report and here for the plant profile.
Social and environmental concerns continue to pose challenges for the mining industry in Peru. Protests and operational disruptions have affected projects in the past and could remain an obstacle for future investments. Government support will be crucial in securing approval for new projects by ensuring agreements with local communities and promoting sustainable practices.
Additionally, the political environment is a determining factor. Uncertainty and potential changes in government policies could impact investor confidence. With presidential elections in 2026, 2025 could serve as a year of economic assessment for companies, possibly delaying investment decisions. A stable government policy that ensures the sustainable development of mining projects, fosters agreements with local communities and promotes a climate of stability and cooperation is essential.
Peru has a large portfolio of projects that, if approved, could enter the construction phase in the short term. Various global economic drivers, such as electrification, energy transition and the manufacturing of electric vehicles, are expected to sustain copper demand, benefiting producing countries like Peru.
According to Industrial Info data, Peru has an investment portfolio of more than $12 billion that could begin construction in 2025, demonstrating its high mining potential. However, these investments are expected to continue facing delays. Some key projects set to begin construction in 2025 include:
- Zafranal Copper and Gold Project from Teck Resources Limited (NYSE:TECK) (Vancouver, British Columbia) (click here for the project report and here for the plant profile).
- Antamina Expansion Project, owned by BHP Group (NYSE:BHP) (Melbourne, Australia), Glencore plc (Baar, Switzerland), Teck Resources and Mitsubishi Corporation (Tokyo, Japan) (click here for the project report and here for the plant profile).
- Corani Project from Bear Creek Mining (Vancouver), focused on silver, zinc, and lead production (click here for the project report and here for the plant profile).
The growing demand for lithium presents an opportunity to diversify Peru's mining sector. The country is estimated to hold significant lithium reserves in the Puno region, home to the Falchani Project, one of the world's largest hard-rock lithium deposits, developed by American Lithium Corporation (Vancouver). The project is expected to produce up to 63,000 tons of lithium carbonate per year for 33 years, positioning Peru as a key player in the energy transition. Subscribers can click here for the project report and here for the plant profile.
However, the development of this project faces challenges, including the lack of lithium mining regulations, the implementation of sustainable extraction technologies and social conflicts with local communities.
The future of Peru's mining industry in 2025 will be characterized by stable copper production, new lithium opportunities and challenges in project approvals. Despite political uncertainty and investment delays, mining remains a crucial driver of the country's economy.
To promote sustainable growth, it is essential to have a stable regulatory framework, government support, and dialogue with local communities. Furthermore, investment in infrastructure--such as ports and airports--complements mining development by improving the country's competitiveness and attracting new investments. The combination of mining and infrastructure represents a key strategy for Peru to strengthen its economy and consolidate its position in the global market.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
