Glencore’s Quechua Deal Shows How Copper Supply Now Depends On Local Politics

Key Points Glencore bought Peru’s undeveloped Quechua copper project from Japan’s Pan Pacific Copper, but did not disclose the price. The project is listed at about $1.29 billion in required investment and is reported to hold 260 million tonnes of ore. The real wager is time: Antapaccay is declining, Coroccohuayco is the lifeline, and local […]