As the world’s third-largest copper producer, Peru is one of the most important suppliers for companies operating in sectors such as electric transmission lines, construction, and manufacturing. According to the average Trademap data from 2020 to 2024, 97.6% of Peru’s exports to India consisted of gold (87.3%) and copper (10.3%), showing the strong importance of this sector for India as well.
Under these circumstances, India’s Adani conglomerate and the mining company Hindalco are seeking opportunities to strengthen their investments in Peru’s copper industry. This movement has also been interpreted as influenced by recommendations from the Indian government, which, in view of the expected increase in copper demand and declining supply, urged companies to explore more options to secure their supply chains.
In addition, the ongoing Free Trade Agreement negotiations between the two countries are expected to include chapters related to copper.
