Who will emerge as the leading candidates for Peru’s April 12, 2026 election? What will the outcome mean for mining? Predicting political and economic scenarios in Peru is no easy task, not even for Peruvians. However, one thing that GBR can assure is that 2025, at least within the mining industry, kicked off with optimism. We interviewed around 150 mining industry executives while researching for this report, and all of them were upbeat and busy.

Some believe that we have entered a new mining supercycle, with a structural change that will play a significant role in the long term: the energy transition. In this context, copper will be the cornerstone, and Peru holds vast reserves hidden in the Andes. Peru knew how to take advantage of the previous supercycle, and brought many projects online, but everyone agrees now is not the time to rest. Peru needs to implement measures to seize the current opportunity and attempt tp move all stalled projects forward. Now, Tía María, one of the most emblematic copper projects in Peru, seems finally to be a reality, and many hope that this breakthrough could serve as a catalyst for other stalled projects.

Besides world-class copper reserves and vast untapped geological potential, Peru offers other undeniable competitive advantages: logistics corridors in the south, a new port in Chancay that positions the country as a strategic hub between South America and China, and a strong top-tier service provider market. The way candidates address mining in the upcoming electoral race will be just like minerals - critical. If the next administration recognizes and leverages these strengths, Peru will definitely thrive in the race for meeting future mineral demand.

GBR’s MINPER: 2025 – PERUMIN Official Investment Guide, produced in strategic collaboration with the Peruvian Institute of Mining Engineers, delivers the most in-depth and up-to-date analysis of the Peruvian mining sector, highlighting the latest developments and industry expectations.