Tightening Copper Market Seen Spurring Investment, Peru Says
- Mines minister says copper prices may keep rising in 2017
- Minister met with global mining executives last week in Lima
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Peru expects copper’s improving outlook to spur interest in developing new projects and reverse an investment slump in the world’s second largest producer.
While this month’s 21 percent price rally may be short lived, mining executives are anticipating a more sustainable recovery in 2017 and 2018 as demand catches up with supply, Energy and Mines Minister Gonzalo Tamayo said Friday in an interview at his offices in Lima.