The huge Chinese-owned Las Bambas copper mine in Peru, normally the supplier of 2% of the metal worldwide, could halt production this week due to protests and blockades that are starting to snarl output of the red metal amid already tight global supply.
since early December, with key mines hit by road blockades and attacks by protesters, mainly impacting transportation of copper rather than production.said early on Monday that its Las Bambas mine, located in Peru's mountainous south, may have to halt operations from Wednesday due to protests that were sparked by the ouster and arrest of leftist former President Pedro Castillo.
"If the situation does not change, the mine will not be able to continue the copper production from February 1." The protesters want quick new elections to replace President Dina Boluarte and Congress, but lawmakers have so far failed to set a new timeline for the voting. They are set to debate a bill on Monday to bring the ballot forward to this year.to move general elections to this October, after legislators late last week batted down a proposal that would have opened the door to holding elections this year.
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