Top Copper Producers Show Some Love for Peru’s Leftist Leader
- Freeport and BHP executives encouraged by new administration
- Praise contrasts with anxiety brought on by campaign rhetoric
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Some of the world’s biggest miners say they like what they’re hearing from Peru’s new leftist government of late, further easing fears that drastic policy changes could stall future output in the No. 2 copper nation.
Freeport-McMoRan Inc. boss Richard Adkerson said Thursday at an industry event that he was left “encouraged” from a recent meeting with President Pedro Castillo, a former rural union activist from a Marxist party. At the same conference two days earlier, BHP Group’s president for minerals in the Americas, Ragnar Udd, complimented the government’s “strategic” approach.