stated on Wednesday that Peru has exceptional conditions to establish itself as a key player in global mineral supply chains, amid an international transition toward clean energy.
These minerals are essential for manufacturing electric vehicles, transmission grids, batteries, wind turbines, solar panels, and advanced technologies.
Likewise, it has significant additional resources, including lithium, nickel, cobalt, manganese, titanium, vanadium, graphite, and rare earth elements.
"Peru has 66 exploration projects and 69 investment projects, which together represent estimated investments worth over US$64 billion," Espa stated.
"This means that our potential lies not only in the projects we already know about, but also in what remains to be discovered, explored, developed, and brought into production," he added.
In this context, the minister said Peru is strengthening its international partnerships in critical minerals and sustainable mining to attract investment, technology, and expertise.
"The memoranda of understanding signed this year with the United States and Canada on critical minerals and mining sustainability are a concrete expression of this approach," Espa stated.
These actions, he said, reflect a clear government vision of establishing Peru as a strategic and reliable partner in developing value and supply chains, as well as adding value to mining resources.
"Peru has a long-standing mining tradition and significant geological resources, and President Fujimori's Government is firmly committed to establishing a favorable environment for long-term investment," Espa noted.
He said the Ministry of Foreign Affairs will continue working to strengthen partnerships, promote new investment opportunities, and support efforts to consolidate Peru's position as a strategic mining partner worldwide.
"Today, more than ever, mining represents a historic opportunity for Peru—an opportunity to drive economic growth, create jobs, promote innovation, and close social gaps, especially for the benefit of Peru's population, and the country's most vulnerable citizens," he concluded.
(END) FHG/CCR/MVB