By Guillermo Vidalón, Social Communicator specializing in the Extractive Industry
(06-05-2024) The copper is a key industrial metal for energy transition; consequently, its price will continue to rise, even more so when the scenarios of armed conflict in Europe and the Middle East come to an end because cities will need to be rebuilt and weaponry replaced or renewed.
What does this scenario mean for copper-producing countries? It presents a unique opportunity to undertake the development of infrastructure that allows for synergies between their economic activities and to transform into developed nations – in our case, Peru.
If copper will generate a growing and sustained fiscal surplus for the next 3 or 4 national governments, it is logical to use that period to allocate the greatest resources to consolidate other engines of development such as agriculture, tourism, fishing, forestry, industry, commerce, services, among others. In the case of agriculture, it depends on the availability of water, a resource that fortunately exists in sufficient quantities in the national territory. However, infrastructure for water, dams, reservoirs, canals, etc., is needed to expand the agricultural frontier, transforming desert areas into new environmental lungs. Tourism will require improvements in port and airport facilities, as well as lodging, transportation, entertainment services, among others, and so on.
However, to achieve this, it is necessary to promote the development of mining projects with national and foreign capital, because otherwise, the greater economic capacity will lead investment to other countries, and once again Peru will see the train of history pass by.
Read the full article: https://www.linkedin.com/pulse/qu%C3%A9-se-espera-del-cobre-vidal%C3%B3n-guillermo-so8je/