4 Tweets Feb 25, 2023
The London Metal Exchange has the lowest stockpiles in 25 years, with shortages of copper, zinc, lead, and tin
You know which country is a top producer of those?
Peru, where the US just backed a coup and discussed "investments" with the mining minister: geopoliticaleconomy.com
Inventories of zinc on the London Metal Exchange have plummeted by 90%.
Peru is the world's 2nd-biggest producer of zinc.
The world's 3rd-largest zinc mine is Peru's Antamina mine, which is owned by the massive Swiss corporation Glencore.
geopoliticaleconomy.com
Peru is the world's 2nd-biggest producer of copper (after neighboring Chile)
Goldman Sachs wrote in 2022 that โ€œcopper is the new oilโ€ and "sits at the heart of capturing, storing and transporting these new sources of [renewable] energy"
geopoliticaleconomy.com
Peru has large reserves of copper, gold, zinc, silver, lead, iron, and natural gas.
After a coup overthrew left-wing President Pedro Castillo, the US ambassador, CIA veteran Lisa Kenna, met with mining and energy ministers to discuss โ€œinvestmentsโ€.
geopoliticaleconomy.com

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