Commodities
Peru Unrest Threatens to Choke Off Almost 2% of Global Copper Supply
- MMG’s Las Bambas has halted copper concentrate transportation
- Glencore’s Antapaccay mine faces restriction in production
An employee sprays a pile of copper plates in Ilo, Peru.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Protests in Peru are threatening to choke off access to almost $4 billion worth of copper just as China’s emergence from Covid lockdowns promises to boost demand.
Peru’s third-largest copper mine, Las Bambas, hasn’t dispatched copper concentrate since Jan. 3 due to security concerns. Glencore Plc’s Antapaccay is also facing restrictions. The mines, which share the same highway access to ports, together account for nearly 2% of the world’s copper output.