In 2020, Peru produced 2.2 millions metric tons of copper. The ten leading countries in world copper production as of financial year 2020 were Chile, Peru, China, the Democratic Republic of the Congo, the United States, Australia, Russia, Zambia, Mexico, and Kazakhstan.
Recent Development
Recent Geo-Political crisis has created pressure on raw materiel supply. China is no. 3 and Russia is no. 7 producing countries. Rising Sanctions on russia due to Ukraine crisis will impact on Copper supply as China and Russia are close. Time will tell how this story plays out but in year 2022 Copper and other mining metals will likely to be in demand.
