Industrial policy and supply chains
2026-04-26
10 minute read
11 sources
Peru Mining Under Boluarte: Political Risk Through the 2026 Election Cycle
President Dina Boluarte enters her last full year of office with single digit approval, a fragmented Congress, and a copper sector that the state cannot afford to disturb. The April 2026 first round and June 2026 runoff will reset the rules under which Las Bambas, Quellaveco, and the Tia Maria pipeline operate.
Peru is the world's second largest copper producer at roughly 2.6 million tonnes per year, and its political settlement is the variable that decides whether the next administration can hold the line. President Dina Boluarte governs with approval near 5 percent, a Congress that has rejected three constitutional vacancia motions, and a memo...