Indian companies Adani and Hindalco are looking to invest in Peru’s copper sector through acquisitions or joint ventures, aiming to secure copper supply chains as demand rises. Peru, the third-largest copper producer, is actively seeking new investment, attracting $4.96bn in foreign investment in 2024. With India forecasted to require overseas copper concentrate by 2047, Adani plans to source from Peru, Chile, and Australia for its $1.2bn copper smelter. India’s copper imports rose to 1.2mt in the fiscal year ending March 2025, with demand projected to reach 8.9–9.8mt by 2047, prompting free trade negotiations with Peru to secure supply.

Read more at Yahoo Finance: Adani, Hindalco explore Peru copper mining assets