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Peru’s copper production to stand at less than 4 million tons this decade, below its potential of 5 million, says BTG

RIO DE JANEIRO, BRAZIL - In theory, Peru's annual copper production could reach 5 million tons by the end of the decade. But in practice, mining attrition is likely to keep this figure below 4 million tons, according to BTG Pactual.

Analysts, including Cesar Perez-Novoa, wrote in a research note that some greenfields have high production in their early years, but this gradually declines over three to five years, even below their mining plans.

Read also: Check out our coverage on Peru

Peruvian mines are expected . . .

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