Peru unrests threatens to choke off almost 2% of global copper supply
Protests in Peru are threatening to choke off access to almost $4-billion worth of copper just as China’s emergence from Covid lockdowns promises to boost demand.
Peru’s third-largest copper mine, Las Bambas, hasn’t dispatched copper concentrate since January 3 due to security concerns. Glencore's Antapaccay is also facing restrictions. The mines, which share the same highway access to ports, together account for nearly 2% of the world’s copper output.