Mining investment in Peru will not be affected by the decline in copper price due to recent trade tensions abroad, privately-run National Society of Mining, Oil, and Energy (SNMPE) has pointed out.
"Investments will not be affected as long-term interests and fundamental elements of the metals market will prevail. They enable us to foresee copper price
will show an upward trend," SNMPE
General Manager Pablo de la Flor noted.
"I do not consider this situation may have negative implications for the consolidation of mining investment projects
in the country in the short term, and we expect Quellaveco to move forward this year," he added.
In this regard, De la Flor remarked there could be dire consequences if tensions worsen.
"However, we believe that wisdom will prevail and these disputes will come to an end, thus returning to a normal situation," he said.