AGP Executive Report

Peru–OECD Push: Peru’s Council of Ministers says the country is advancing its OECD accession, highlighting reforms and upcoming Israeli business visits tied to mining, technology, and cybersecurity cooperation. Agro-Exports Watch: Peru’s agro-exports hit US$3.055B in 1Q 2026, up 6.9%, while avocado supply and pricing signals keep shifting as Peru’s Hass exports rise and seasonal dynamics tighten. Conservation Tech in Peru: SERNANP’s Jaguar Program uses AI camera-trap processing in Tambopata to speed up jaguar density estimates and improve wildlife monitoring. Trade & Compliance Shock: The U.S. is moving forward with forced-labor-related trade actions under Section 301, with Peru listed among economies flagged for failing to enforce forced-labor import prohibitions—raising compliance and market-access stakes. Mining & Capital Markets: Rio Silver corrects option exercise pricing for its Peru-focused silver portfolio, while broader mining finance coverage points to a valuation gap and more disciplined approaches like P/NAV. Tourism & Infrastructure Angle: Peru’s tourism and logistics ecosystem also gets attention indirectly as regional port and cruise growth stories underscore demand for connectivity.

Critical Minerals Policy: Peru’s government issued a Supreme Decree formally naming uranium and lithium as national strategic priorities and setting up an international forum in Lima on July 7–8, signaling stronger state backing for the energy-transition supply chain. Mining & Trade Links: American Lithium welcomed the decree tied to its Puno projects (Falchani lithium and Macusani uranium), as Peru positions itself for the next wave of global mining investment. Ecommerce Logistics: A trade-industry panel says Europe’s planned low-value parcel reforms are unlikely to cause the same disruption the US saw after de minimis changes—citing how Peru’s ecommerce flows reportedly shifted quickly. Forced Labor Tariffs: The US is proposing new tariffs (10%–12.5%) on 60 economies, including Peru, for failing to enforce bans on forced-labor imports—raising compliance pressure for exporters. El Niño Food/Water Risk: Coverage highlights rising odds of a “Super El Niño,” with potential knock-on effects for Peru’s water and food systems. Real Estate Expansion: Peruvian developer Grupo T&C is advancing a major Miami mixed-use tower plan near Brickell, extending Peru-based development ambitions abroad.

Peru Election & Security: Ahead of Peru’s June 7 runoff, AP reports extortion and killings are driving fear in Trujillo, with extortion complaints up fivefold to nearly 29,000 in 2025 and murders doubling to 2,226—gangs increasingly target small businesses and vendors, often linked to illegal gold mining. El Niño Watch: The UN’s weather agency says there’s an 80% chance El Niño will develop June–August, raising risks of heat stress, vector-borne disease spread, and pressure on food and water systems—an issue for Peru’s agriculture and water planning. Mining & Communities: Gold Fields’ Windfall Mining Group signed an Impact Benefit Agreement with Cree First Nation partners for the Windfall project, underscoring how Peru-style mining deals hinge on long-term community commitments. Peru Politics (Runoff Pairing): Keiko Fujimori and Roberto Sánchez were confirmed for the final round after the first vote left no clear winner.

Peru Crime & Runoff Fallout: Ahead of Peru’s presidential runoff on Sunday, Trujillo residents report extortion and killings are worsening—extortion complaints rose fivefold over five years to nearly 29,000 in 2025, while murders more than doubled to 2,226—pushing small businesses and voters into fear and tighter security. Machu Picchu Capacity Pressure: A heritage group says Machu Picchu’s overcrowding, queues, and unreliable transport are still not improving, warning the site’s New7Wonders status is at risk and urging Peru’s next administration to fix services. Trade & Retail at Lima Airport: Lagardère Travel Retail opened a 182 sqm “Duty Free Express” last-minute store at Jorge Chávez International Airport, expanding retail in the new terminal. Medical Imaging Expansion: Nanox signed an exclusive Peru distribution deal with Top Med for Nanox.ARC, targeting an initial six-system pilot rollout after permits. Agri Exports Watch: Peruvian avocado prices stayed stable early in the 2026 season (mostly $2.00–$2.65/kg) and export value rose 7.8% year on year by week 17. Critical Minerals Push: Peru issued a Supreme Decree naming uranium and lithium as nationally strategic, launching an “Uranium and Lithium” forum in July. Mining Update: Silver X reported new underground drill results at its Blenda Rubia target in central Peru, extending a polymetallic mineralized system. Economy Signals: Peru’s MEF said April leading indicators stayed strong, led by 47.9% growth in general government investment and a 13.9% rise in domestic cement consumption.

Anchovy Supply Shock: Peru extended its pause on anchovy fishing as El Niño-linked warming and a high presence of juveniles keep pelagic behavior unpredictable, cutting the 2026 North-Central TAC to 1.9M metric tons from last year’s 3M. Rail Infrastructure: Korea National Railway won Peru’s Huancayo–Huancavelica railway improvement contract (about $13M) to supervise modernization of a 128.7km highlands line over roughly five years. Food Safety Trade Push: APFRAS—an Asia-Pacific food safety forum that includes Peru—held its Seoul summit to move from information sharing toward broader regulatory harmonisation to keep trade flowing amid tensions. Mining & Processing Deal: Tega Industries completed its $394M acquisition of Molycop, expanding grinding media capacity and strengthening its mining supply footprint that already includes Peru. Fresh Biodiversity Signal: Scientists identified a new lungless salamander species in Peru’s Panguana area, underscoring conservation stakes as illegal mining pressures ecosystems.

Fisheries Watch: Peru extended its anchovy fishing pause as El Niño-linked warming and a high presence of juveniles keep pelagic behavior unpredictable; authorities set a 2026 TAC of 1.9M metric tons but halted operations to protect young fish. Mining & Processing: Tega Industries completed its USD 394.3M acquisition of Molycop (84.2% stake), expanding grinding-media reach across mining markets including Peru. Fresh Produce Health: Peru’s organic banana sector is being reshaped by Fusarium, with production shifting from the Chira Valley to Olmos as growers warn state measures haven’t matched the scale of the threat. Tourism Pressure: Machu Picchu is facing a credibility crisis tied to ticket-sale corruption allegations, rising tourism costs, strikes, and accidents—raising fears it could lose international recognition. Retail at Lima Airport: Lagardère Travel Retail opened a last-minute duty free “Duty Free Express” at Jorge Chávez Airport, adding a faster format alongside the new terminal’s larger retail and dining areas. Biodiversity & Risk: Scientists identified a new lungless salamander species in Peru’s Panguana area, underscoring both Amazon biodiversity value and the pressure from illegal mining.

Emergency Response: Peru extended its state of emergency for another 60 days across 41 districts in 11 regions after severe rainfall, with rescue, cleanup, and temporary shelter work still ongoing and funded through existing institutional budgets. Fresh Food & Exports: Peru’s fishing industry is warning that climate uncertainty could disrupt the anchovy season, putting jobs and supply chains at risk. Mining & Policy: Peru is pushing to position itself as a key player in global copper and critical minerals, while a separate report highlights how Peru’s artisanal mining rules could either bring order—or deepen chaos. Industry Events: Peru will host the LatAm iGaming Affiliate (LiGA) Summit 2026 (June 15–16) as the country’s new licensing framework reshapes compliance, responsible gaming, and affiliate operations. Sustainability & Trade: A week of coverage also points to Peru’s role in regional energy security and critical-minerals cooperation, including efforts to boost sustainable mining ties.

Emergency Response: Peru extended its state of emergency for 60 more days across 41 districts in 11 regions to keep funding rescue, cleanup, and temporary shelter work after severe rains and damage. Fresh Food & Farming: Tripura (India) is pushing to classify flooding as a “local natural calamity” under PMFBY crop insurance rules—an agriculture policy move that echoes the kind of climate-risk planning Peru producers are watching closely. Mining & Water Risk: A U.S. court case could reshape how pollution claims from Peru’s La Oroya complex are handled, with implications for cross-border liability tied to long-running industrial operations. Trade & Ports: Chile approved a $4.45B plan to triple capacity at its San Antonio port, a reminder that regional logistics upgrades can quickly shift fresh-goods and industrial supply chains. Industry Events: Peru is set to host the LatAm iGaming Affiliate Summit 2026 in Lima as the country’s licensing framework reshapes compliance and market rules.

Mining & Policy: Peru’s mining sector is again in the spotlight, with officials stressing the industry’s weight in GDP and exports and arguing there’s still room for “responsible growth” as the country competes for energy security and critical minerals. Legal & Environment: A major U.S. Supreme Court case could reshape how far U.S. law reaches in pollution claims tied to Peru’s La Oroya, as Peruvian plaintiffs seek liability against a Missouri parent company. Fresh & Food Supply: Peru’s fishing industry is warning that climate uncertainty could threaten the anchovy season, putting jobs and supply chains at risk. Mining ESG: A new push toward mandatory ESG reporting is changing how mining operators disclose climate and sustainability risks—moving from voluntary pledges to audit-level requirements. Critical Minerals Diplomacy: Peru is also positioning itself for closer cooperation on critical minerals and sustainable mining, including engagement with Türkiye.

Mining’s Role in Peru’s Economy: Peru’s mining sector accounts for about 11% of GDP and nearly 67% of exports, with the industry also supporting thousands of direct and indirect jobs, according to remarks at Lima’s 16th International Mining Meeting. Critical Minerals & Energy Transition: Officials stressed Peru’s production strength across copper, lead, zinc, gold, silver, tin and more, arguing resources are key for the energy transition and new technologies. Investment Pipeline: The government pointed to around US$60B+ in the mining project portfolio and said Peru has 2 million hectares allocated to exploration—leaving room for “responsible growth” tied to formal jobs, infrastructure and social well-being.

Critical Minerals Diplomacy: Peru signaled closer cooperation with Türkiye on critical minerals, sustainable mining and industrialization, with talks pointing to a possible memorandum of understanding. Mining & Finance: Silver X Mining reported a strong 1Q26 in Peru, including $13.4M net operating revenue and a major balance-sheet boost after a $50.3M financing. Energy Infrastructure & Trade Links: Zelestra sold a 3.5GW Latin America solar-plus-storage portfolio to Promigas, while Peru’s rail ambitions (bioceanic links) keep resurfacing as a way to speed trade toward Asia. Fresh Food & Exports: Peru’s fishing industry warned that climate uncertainty could disrupt the anchovy season, while Peru’s dried pineapple exports rose 37% and Peruvian avocados push new formats with an Asia focus. Regional Security: Chile, Argentina, Peru, Bolivia and Ecuador signed the Santiago Commitment to coordinate against transnational organized crime, with border control and U.S. influence now central to the agenda.

Critical Minerals & Mining Diplomacy: Peru’s environment minister says the country wants closer cooperation with Türkiye on sustainable mining and critical minerals, with a possible memorandum of understanding in the works. Mining Confidence & Investment Climate: The BCR governor points to Peru’s favorable terms of trade from past mining booms, but warns today’s mix of higher current spending and weaker long-term execution is hurting future growth and investor confidence. Lithium Push (Peru-linked): Solis Minerals outlines a June 2026 start for lithium drilling in Brazil after a recent project acquisition, while Peru’s broader lithium narrative keeps heating up across the region. Fresh Produce & Supply Chains: Mission Produce completes its Calavo Growers acquisition to expand North American fresh and prepared foods capacity; separately, Westfalia Fruit declares force majeure amid tight Mexican avocado supply into the U.S. Agro & Resilience: A Kentucky State University fellow studies adapting Peruvian terrace farming to tackle drought, flooding, and erosion in Eastern Kentucky. Travel Retail in Peru: London Supply highlights travel retail’s role at a major Latin America business forum in Lima. Industry & Policy Watch: Peru’s Supreme Court annuls a ban on outsourcing core business activities, a potential shift for industrial labor and operations.

Mining & Metals: Peru’s copper position stays in focus as the country highlights its scale in global reserves and pushes for new trade and investment frameworks, including calls for legislation to deepen participation in a “new global economy.” Energy & Water Risk: Newmont’s Quellaveco is again tied to water scarcity and contamination concerns, with an investigation spotlighting how mining operations manage environmental stress. Mining Permits & Project Pipeline: Xali Gold says baseline studies are complete for its Pico Machay gold project, with an environmental drilling permit application expected by late June—another step for Peru’s exploration-to-permitting track. Agro & Exports: Peru’s dried pineapple exports are reported up 37%, while non-traditional exports rise 3.3% in 1Q 2026, signaling continued momentum for fresh and processed food supply chains. Policy & Investment Climate: Peru’s private investment growth (up 13.2% in 1Q 2026) and election logistics updates underscore a busy week for business planning. Fresh Industry Watch: Peru’s fishing industry warns climate uncertainty could disrupt the anchovy season, raising near-term supply and pricing risks for seafood processors.

Mining Policy Watch: Peru’s mining lobby SNMPE warns that the June 7 runoff could derail billions in investment, saying neither candidate’s proposals are “sustainable” long term—Keiko Fujimori’s royalty-sharing and “fast track” incentives versus Roberto Sánchez’s higher taxes, contract reviews, and a possible new constitution. Fresh Produce & Trade: Peru’s dried pineapple exports rose 37% and Peru’s blueberry sector is pushing premium fruit, while global reefer delays keep pressure on berry and table grape shipments. Energy & Grid Finance: IEEFA argues Indonesia’s PLN transmission restructuring could cut financing costs—an angle that matters for regional power infrastructure investors. Renewables Deal (LatAm): Ardian bought two operating solar PV plants in Uruguay (76 MWp total), expanding its Latin America renewables footprint that already includes Peru hydropower and solar. Security & Data: A report flags rising cyberattacks across Latin America’s public sector, with citizen-data theft and extortion tactics increasingly targeting government systems.

Mining Policy Watch: Peru’s mining industry leader warns that conflicting proposals from the June 7 runoff candidates could scare off billions in investment, with SNMPE head Julia Torreblanca saying neither plan is “sustainable” long term—Keiko Fujimori’s royalty-sharing and “fast track” incentives versus Roberto Sanchez’s higher taxes/royalties and contract reviews. Cybersecurity: A regional surge in cyberattacks is hitting Latin and South American government agencies and contractors, with groups using “pure extortion” tactics and monetizing stolen citizen data. Airport Retail: Lagardère Travel Retail opened a “Duty Free Express” last-minute shop at Lima’s Jorge Chávez International Airport, adding a 182 sqm outlet to the expanded terminal retail footprint. Agro-Exports: Peru’s dried pineapple exports rose 37% in volume year-on-year, reaching $3.4m in early 2026, but shipments remain heavily concentrated in the U.S. Energy Access: A new solar expansion in Peru’s remote Amazon community of Soledad is boosting output at a plantain flour facility and creating local jobs. Halal Trade: Indonesia and Peru are discussing cooperation on halal certification and mutual recognition to expand trade in the fast-growing global halal market.

Fishing Risk Watch: Peru’s anchovy season is under fresh pressure as warmer ocean temperatures tied to a possible El Niño add uncertainty for the country’s fishing economy. Port & Trade: Chile just cleared a $4.45bn expansion of San Antonio’s Puerto Exterior, a reminder that Pacific container capacity is getting more aggressive—especially as Peru’s Chancay deepwater port keeps raising the stakes. Energy Access in Peru: A remote Peruvian Amazon community is getting solar power upgrades to expand plantain flour production, showing how off-grid electricity is turning into local jobs. Mining Under Scrutiny: New reporting says the Quellaveco copper project is linked to water scarcity and contamination impacts, reigniting the debate over mining’s social license. Copper Spotlight: Peru’s copper reserves are framed as a major global strategic asset—about 12% of the world’s total—while officials push for “responsible growth” and formal jobs. Elections (Context): Peru’s political teams are already trading proposals ahead of the next round, with infrastructure, youth work, and agriculture high on the agenda.