Peru mining chamber sees 2025 copper production up 2-4%
That would put Peru's copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons last year.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
Torreblanca said in an interview with Reuters, on the sidelines of the CESCO and CRU copper conferences in Chile, that the government was working to streamline the permitting process so that miners could ramp up production more quickly.
Peru is the world's third-biggest producer of the red metal, after being displaced as number two by the Democratic Republic of the Congo in 2023.
Torreblanca also said Peru was looking to mitigate the impact of 10% tariffs imposed by U.S. President Donald Trump, and could seek other markets besides the United States if his administration were to put a tariff on copper.
"If our product or sales prices are going to be impacted, we will have to evaluate if there are other economies where we can sell our product without harming ourselves," Torreblanca added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
an hour ago
- Reuters
Turkish Airlines says Spain's Air Europa accepts its offer to buy a minority stake
ANKARA, Aug 19 (Reuters) - Turkish Airlines ( opens new tab said on Tuesday that its binding offer for the acquisition of a minority stake in Spanish airline Air Europa has been accepted. In a statement to the Public Disclosure Platform, Turkish Airlines said the transaction involves an investment of 300 million euros ($349.38 million). ($1 = 0.8587 euros)
Reuters
an hour ago
- Reuters
Trump says he will name new Fed chair 'a little bit earlier'
WASHINGTON, Aug 13 (Reuters) - U.S. President Donald Trump on Wednesday said he had narrowed down his pick for the next Federal Reserve chair to three or four names and would make the names public "a little bit earlier."
Daily Mail
2 hours ago
- Daily Mail
Poll: Trump hits lowest approval rating this year
Support for Donald Trump has tumbled as his term has progressed, with the latest poll showing his approval rating at its lowest point all year. The latest Reuters/Ipsos poll of nearly 4,500 Americans found that the president is carrying a 40 percent approval rating. That level of support, the lowest of the president's second term, ties Trump's approval rating from the same pollsters just weeks ago in late July. Trump's disapproval rating ticked slightly down in the latest survey to 54 percent. The 79-year-old president's disapproval stood at 56 percent as of July 27. It is a seven-point drop in support for the president from the beginning of his term, when Trump had a 47 percent approval rating. At this point in his term, former President Joe Biden maintained a 50 percent approval rating, according to a Reuters/Ipsos poll taken in August 2021. The slumping approval rating comes amid signs that the U.S. economy is weakening and high-stakes diplomatic negotiations with Russia and Ukraine to end their ongoing war continue. Over half of the respondents, 54 percent, including a quarter of Republicans, said they believe Trump is too closely aligned with Russia. Notably, Trump bled support among Hispanics as he oversees a sweeping nationwide immigration crackdown that has led to at least 300,00 repatriations. Just 32 percent of Hispanics in the latest Reuters/Ipsos survey approved of the president's performance. Support for Trump came predominantly from registered Republicans. Only 42 percent of respondents voiced support for the president's performance on crime, and 43 percent said he is doing a good job on immigration. Other recent polls, meanwhile, have shown more support for the president's job performance. According to the RealClearPolitics polling average, Trump's approval sits at 46 percent while his disapproval rating is 51 percent.
