Output from the world’s biggest copper supplier after Chile this year jumped 20% through July from the same period in 2022.

Argentina is currently the fourth-biggest producer of lithium.

The blockades that disrupted copper shipments and mine supplies late last year and early this year have been cleared.

The company will make an investment of $12 million to redouble its efforts in Peru.

The world's largest copper producer will meet its financial obligations despite headwinds from operational problems and high levels of debt and investments, JPMorgan said.

The plan is to develop a hot briquette iron plant that would make high iron content compact bricks to supply steel mills.