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Peru wants more mining, more industry, more China

Peru’s new President, Pedro Pablo Kuczynski (known as PPK), intends to stimulate the country’s economic activity by processing and refining minerals, in addition to simply exporting them – mainly to China. Español Português

By Nelly Luna Amancio
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The Toromocho copper mine in Peru's central Andean region, 4,500m above sea level. PCM Perú. All rights reserved.

Since his victory in the runoff election on June 5, Kuczynski has declared the need for Peru to prioritise both mineral extraction and trade relations with China.

China is Peru’s biggest investor. With this in mind, Kuczynski – who will replace the outgoing President, Ollanta Humala, at the end of July – described as “necessary” a trip to China ahead of the Asia-Pacific Economic Cooperation (APEC) forum in Lima in November, his first official visit overseas. “China is our number one trading partner and they are the ones who purchase our minerals,” he said.

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