Peru clings to copper No. 2 spot but investment pipeline stalls

Peru is clinging to its spot as the world's No. 2 copper producer and supplier, with a bounce in mining activity helping the Andean country stay just ahead this year of rival producer Democratic Republic of Congo (DRC), which is hot on its heels.

The South American nation has seen output of the red metal rise some 20% in the first half of 2023, government data show, though that's been tempered by red tape and flagging mining investment after a period of political turmoil and protest.