Peru keeps churning out copper and zinc despite political chaos. peru mining
Giant copper, zinc and silver mines in Peru have been unaffected by protests triggered by the impeachment of President Pedro Castillo, with the industry hoping a new cabinet and early elections will help ease tensions.
Still, tensions in the world’s No. 2 copper producer are running high at a time of tight global supply. Demonstrations have gathered momentum since Castillo was ousted on Dec. 7, with protesters blocking highways that service agricultural heartlands and burning down a control booth at Arequipa airport, fanning concern that road transport of semi-processed metal to ports may also be disrupted.
Ministers named by new President Dina Boluarte are mainly professionals with strong credentials and represent an improvement on the previous cabinet, he said. Jacob applauded decisions to declare a state of emergency in areas of most conflict and replace local political appointments. The challenge for the new cabinet is to subdue the wave of violence, with the new president’s call for early elections in 2024 offering a way out of the unrest, he said.
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