Peru Hit by Unexpectedly Big Economic Slowdown Led by Copper

A longshoreman in front of shipping containers filled with copper plates being loaded onto a ship at a port terminal in Ilo, Peru. — A longshoreman in front of shipping containers filled with copper plates being loaded onto a ship at a port terminal in Ilo, Peru.Photographer: Dado Galdieri/Bloomberg

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By Marcelo Rochabrun

January 15, 2026 at 4:53 PM UTC

Updated on

January 15, 2026 at 5:08 PM UTC

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Peru’s economy expanded much less than forecast in November due to a slump in copper output.