Peru

Peru finance minister announced that historic protests had a “huge” impact on the economy, leading to a reduction of growth forecasts for 2023 from 3.1% to 2.5%. MMG’s Las Bambas mine reported that it had almost USD 1 bln worth of copper stuck at its mine due to protests blocking transportation to a seaport, which would take until the end of the year to transport if no new disruptions occur. Meanwhile, the airport in Juliaca reopened this week following the deadly protests in January.