Peru Strengthens Partnerships for Critical Minerals

As global demand for critical minerals surges due to climate commitments, the UN is hosting a Strategic Engagement Dialogue in Geneva to ensure fair supply chains align with sustainable development goals. Meanwhile, Peru continues to strengthen its trade ties with China, solidifying its position as a key investment destination, while Japan is set to enhance cooperation with Peru in securing critical minerals through a strategic partnership. This partnership aims to leverage Japanese technological expertise to assist Peru in developing its mineral resources, creating a roadmap for sustainable mining operations. Concurrently, geopolitical tensions persist as Russia and China vie for influence in Central Asia, particularly over rare-earth minerals essential for advanced technologies. The U.S. is also focused on securing mineral supply chains, highlighted by a recent MOU with Peru to boost foreign investment and sustainable practices in mining. Overall, Peru's rich mineral resources position it as a pivotal player in the global transition to a green economy.