Peru is sending a delegation to the U.S. amid proposed copper tariffs from the Trump administration. Energy and Mines Minister Jorge Montero is concerned about the impact on Peru’s copper exports, affirming Peru’s status as a strategic ally for various international investments while remaining non-aligned in geopolitical matters.
Peru, a significant copper producer, is preparing to dispatch a delegation to engage with United States officials following the Trump administration’s announcement of proposed copper tariffs. This move may critically impact Peru’s largest export, copper. Energy and Mines Minister Jorge Montero emphasized the need to navigate these new regulatory changes to mitigate potential harm from restrictive measures influenced by U.S. interests.
As the third-largest copper supplier globally, Peru exports some metal to the U.S., but most is shipped in semi-processed forms to smelters in China. Freeport-McMoRan Inc., a leading U.S. copper producer, operates Cerro Verde, one of Peru’s notable mining facilities. While discussing potential tariff impacts, Montero did not specify other affected Peruvian exports like blueberries or table grapes.
Montero expressed that Peru remains an advantageous strategic ally for the U.S. concerning business endeavors, emphasizing the country’s non-aligned status. “Peru is a good strategic ally for the US on business issues, but not just for the US,” he said, highlighting Peru’s openness to investments from multiple international partners.
In summary, Peru is proactively addressing impending U.S. copper tariffs by preparing a delegation to engage with American officials. The country aims to protect its significant copper export industry while reaffirming its role as an open and strategic ally in global trade, emphasizing its willingness to collaborate with various international entities.
Original Source: www.mining.com
