Peru's Institute of Economic Studies forecasts mining investment exceeding US$8 billion in 2026

en.Wedoany.com Reported - On October 19, the Institute of Economic Studies of Peru released its mining investment forecast, projecting that the country's total mining investment in 2026 will exceed US$8 billion, reaching its highest level since 2014. In the first half of this year, actual mining investment in Peru totaled US$3.3 billion, up 34% year on year. The investment growth mainly comes from the construction of the Tía María copper mine in the Arequipa region, as well as optimization and upgrading projects at Shougang Hierro Perú and the Antamina mine.

Data released by the Institute of Economic Studies of Peru show that from 2022 to 2025, the country's average annual mining investment growth rate was 1.3%, while growth in the first half of 2026 reached 34%. The Institute expects investment spending on mining projects to continue increasing in the second half of the year, with the construction of the Tía María copper mine and optimization projects at existing mines remaining the main components of investment growth.

The Tía María copper mine is located in the Arequipa region. According to the construction schedule mentioned by the Institute, the project is planned to complete construction and enter commercial operation around the end of 2027. Shougang Hierro Perú is advancing optimization of mine facilities in the Ica region, and the Antamina mine is carrying out production facility upgrades in the Áncash region. The Institute of Economic Studies of Peru identifies the launch of new mining projects as an important condition for subsequent investment growth.