Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Peru, Brazil to emerge Latin America’s new mining gems

Peru, Brazil to emerge Latin America’s new mining gems

Cecilia Jamasmie

Latin America’s mining sector is finally recovering from an economic downturn brought by almost two years of sustained slump in commodity prices. But growth in the region won’t be led by the usual favourites, such as Chile, but by two of the countries that have steadily fallen out of favour with investors as of late — Peru and Brazil.

According to the latest analysis by BMI Research, Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector are set to offset internal political and operational risks to consolidate them as the main drivers of investment in Latin America’s mining sector.

Chile, however, will continue to be the No.1 mining country, especially when it comes to copper, producing about 346,000 tonnes between now and 2020. While Argentina, with its new pro-mining President Mauricio Macri, is expected to recover some lost ground.

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