2 copper producer Peru in the next few years and close the gap on top dog Chile as output growth slows in the Andean copper giants, a new report from Wood Mackenzie showed on Tuesday.
Congo's copper production almost equaled Peru's in 2022, when Peru reported output of 2.44 million tonnes, Ruben Arrieta, a director at Wood Mackenzie, said during a mining event in Lima, citing official data.
2 copper spot for years, but a lack of new mining projects and regular protests have put its standing at risk.
"Congo now has mines with a high degree of ore, greater than those in Chile and Peru."
Congo's copper output is likely to overtake Peru to take second place around 2026/27, the Wood Mackenzie report showed.
Persons:
LIMA, Wood Mackenzie, Ruben Arrieta, Arrieta, Marco Aquino, Carolina Pulice, Rosalba O'Brien
Organizations:
Democratic, Thomson
Locations:
Democratic Republic of Congo, Peru, Chile, Lima, Congo