[REVISION HISTORY]

Peru mining and infrastructure: Investment and trade growth

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What changed

2026-10-30 00:14 UTC → 2026-10-30 17:22 UTC · added ~~removed~~

By late October 2026, Peru’s economic trajectory remained heavily influenced by a robust mining sector and expanding infrastructure investment. Mining exports demonstrated significant strength, with a 55% surge between January and August 2026, totaling US$57,492 million. This growth was primarily driven by high international prices for copper and gold, with copper alone accounting for 46.1% of mining export value. Private investment has shown marked dynamism. In the second quarter of 2026, private investment grew by 17.6%. The construction sector also grew by 10.6% through August 2026. This was supported by a 42.7% increase in mining investment, which reached US$4,813 million from January to August 2026. Within this sector, infrastructure investment accounted for 27.2% of the total, while development and preparation projects saw a 106.7% increase compared to the previous year. Recent reports from the Ministry of Energy and Mines (MINEM) indicate that economic transfers generated by mining activities reached S/ 13,310 million in 2026. ~~This total includes S/ 9,588 million from the Mining Canon, S/ 3,401 million in Mining Royalties, and S/ 320 million from Validity and Penalty Rights.~~ Áncash was the primary recipient of these ~~funds with S/ 2,230 million, followed by Apurímac, Arequipa, and Cajamarca.~~ funds. On the international stage, Peru presented a mining investment portfolio of 66 projects valued at an estimated US$64.075 billion at the IMARC 2026 ~~conference.~~ conference, alongside an exploration portfolio of 57 projects valued at US$672 million. Additionally, the government pitched an infrastructure and energy portfolio of 87 projects valued at approximately US$50 billion to investors in New ~~York. Officials have also expressed interest~~ York, targeting sectors such as rail, ports, power, gas, and water. Despite these investment efforts, copper production decreased by 5.3% in ~~a Memorandum of Understanding with Australia~~ August 2026 compared to ~~enhance cooperation on critical minerals,~~ the previous year, attributed to lower volumes from companies including ~~copper, cobalt, nickel,~~ Antapaccay, Minera Chinalco, and ~~rare earth elements.~~ Southern Peru Copper Corporation.

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