Peru's Global Position in Minerals and Oil

Minerals Peru is establishing itself as a global leader in mining, excelling in several key minerals. In 2019, the country was the world's second-largest producer of copper, silver, and zinc; third-largest in lead; fourth-largest in tin and molybdenum; fifth-largest in boron; and eighth-largest in gold production globally. This sector contributes 8.5% of the Gross Domestic Product and represents 63.9% of exports, with more than 130 underground mines currently operating. Peru's rich geological diversity allows this metal-rich country to consistently remain among the world's top 10 producers of copper, silver, gold, lead, zinc, tin, and molybdenum. Oil Unlike its strong performance in mining, Peru has a modest role in the international oil sector. The country has 682,681,000 barrels of proven oil reserves, ranking 42nd in the world, representing about 0.0% of total global reserves.