Published • loading... • Updated
India, Peru likely to hold talks on free trade pact in June, diplomat says
The proposed deal would add a critical minerals chapter as India seeks copper supplies and Peru targets more investment, officials said.
- India and Peru will likely resume negotiations on a proposed free trade pact in June, Peru's ambassador to India, Javier Paulinich, said, with a potential deal by year-end.
- Anticipating a surge in demand and potential supply shortfalls, India has urged domestic mining companies to invest overseas to secure copper supply chains and manage disruptions.
- Peru, the world's third-largest copper producer, attracted $4.96 billion in foreign mining investment in 2024; Hindalco Industries is exploring potential copper purchases from the nation.
- Negotiations include a specific chapter on critical minerals, Paulinich confirmed, addressing India's strategic resource acquisition goals as part of the broader trade agreement.
- Official estimates project India's copper demand will climb to 9.8 million tons by 2047, establishing why long-term supply agreements with major producers like Peru are vital.
Insights by Ground AI
3 Articles
3 Articles
India, Peru likely to hold talks on free trade pact in June, diplomat says
India and Peru will probably hold the next round of talks on a proposed free trade pact next month, a senior Peruvian diplomat told Reuters, adding that a deal could be signed by the end of the year.
·United Kingdom
Read Full Article
Peru produced about 2.7 million metric tons of copper in 2024 and attracted $4.960 million in foreign investment in the sector
·Bogotá, Colombia
Read Full ArticleCoverage Details
Total News Sources3
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
