The prices of major minerals have significantly increased in recent years, a situation that, for a country like Peru, represents an important opportunity to improve the quality of life of its population.
In this regard, Supera World co-founder Jose Antonio La Rosa stated that our country has been geologically blessed with unique mineral resources in the Andes mountain range.
"Among these resources, copper stands out. Today, with advancements in artificial intelligence, the rise of electric mobility, and the shift in the energy matrix away from coal toward renewable sources like solar, wind, and hydro energy, this mineral is becoming increasingly in demand," the executive said.
When analyzing projection curves, La Rosa stated that this supercycle could last between seven and ten years, or possibly even longer.
"It is evident that demand is growing, while supply remains unchanged or declines. As a result, copper prices should continue to rise, which will be highly favorable for Peru," he explained.
Harnessing the Supercycle
To properly capitalize on this supercycle, the Supera co-founder commented that the response takes place at various levels.
"At the government level, it is crucial to maintain clear regulations so that investors are confident that their investments will not face unexpected alterations that could hinder their development," he stated.
At the business level, companies must protect the environment, support local communities, pay taxes, and contribute to society.
"This way, their investments will develop sustainably," he added.
As for investors, they are encouraged to seize the opportunities of the supercycle. In Peru's Andes region, there are dormant mining deposits waiting to be developed.
"Just imagine the benefits that projects like Antamina, Quellaveco, or Las Bambas have brought. Now, if we multiply this by 20 across Peru, we could reach development levels similar to those of Australia and Canada, economies that actively promote investment in natural resources. This is why we extend a major invitation to the global mining community to invest here," the executive emphasized.
Opportunities for Workers
Regarding mining sector workers, La Rosa pointed out that they have a great opportunity to give their best effort.
"They will be able to invest in their future, in their own training, in postgraduate education, in better schools for their children —in other words, in improving their quality of life. These mineral booms have occurred in various parts of the world," he underlined.
Referring to what is being called the "Copper Wave," the executive stated that it will trigger other economic booms, such as those in tourism and agro-exports.
Due to the Chancay Megaport, there is currently talk of a massive conglomerate from China possibly investing in it.
"This will generate many jobs, foster a broad business ecosystem, and create a network of supplier companies for these industrial giants. A series of opportunities are emerging, and we must seize them," he noted.
The expert stated that, as a society, it is important to open our minds to foreign direct investment.
"We must support responsible investment, the kind that drives growth, employment, and skills development. Ultimately, we will have generations of trained Peruvians who will, in turn, train even more Peruvians. This is conscious capitalism, which creates opportunities, jobs, growth, and development for all Peruvians," he concluded.
(END) DOP/VLA/JMP/MVB
Published: 3/24/2025