Swapping aluminum for copper will maintain China’s resources, group says
China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources.
A group of indigenous Peruvian communities that have been blocking a key copper corridor agreed to a truce on Sunday after the country’s prime minister said he would meet with them.
Peru is the world’s No. 2 copper producer. The blockade, which lasted less than a week, affected operations by Glencore’s Antapaccay, MMG Ltd’s Las Bambas and Hudbay Minerals Inc’s Constancia.
Protesters are asking the state to carry out a formal consultation process on whether Antapaccay should be allowed to build a new copper project nearby known as Coroccohuayco.
A meeting with Prime Minister Aníbal Torres has been set for Tuesday, according to minutes of a meeting held earlier on Dunday between protesters, mine representatives and the government.
(By Marcelo Rochabrun; Editing by Sam Holmes)
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