Peru plans to send a delegation to the US in response to potential copper tariffs proposed by the Trump administration. Energy Minister Jorge Montero aims to safeguard Peru’s key export while noting that the nation is an open market for global investments, not limited to any single geopolitical alliance.
Peru, a leading producer of copper, is preparing to send a delegation to the United States due to potential tariffs announced by the Trump administration. Energy and Mines Minister Jorge Montero commented on the swift changes under the new North American administration, expressing Peru’s intention to mitigate any negative impacts from these proposed measures that could adversely affect its main export.
While the majority of Peru’s copper is exported to Chinese smelters in semi-processed form, the United States remains a significant destination for the metal. Freeport-McMoRan Inc., the top copper producer in the US, operates Cerro Verde, one of Peru’s largest mining sites.
Minister Montero did not address the possible effects of US tariffs on other Peruvian exports, including blueberries and table grapes. He emphasized Peru’s role as a strategic ally to the US in trade matters but also highlighted the country’s openness to global investments, reaffirming that Peru does not align with any specific geopolitical agenda.
In summary, Peru is proactively addressing potential US tariffs on copper exports by preparing a diplomatic delegation. The country seeks to protect its main export, while it acknowledges its strategic partnership with the US and emphasizes its non-aligned position in global trade. Minister Jorge Montero’s statements reflect Peru’s commitment to enhancing its economic ties with multiple international partners.
Original Source: www.mining.com
