Peru has consolidated its position as one of the world’s leading producers of molybdenum, thanks to the contributions of its flagship copper mines Cerro Verde in Arequipa, Antamina in Áncash, and Cuajone in Moquegua, operated by Southern Peru Copper Corporation. Together with China, the United States, Chile, and Mexico, Peru is part of a select group of countries that account for more than 80% of global molybdenum output. According to Peru’s Ministry of Energy and Mines, Southern Peru Copper Corporation leads domestic production with a 36.7% share, followed by Cerro Verde at 23.9%, Quellaveco at 12%, and Antamina at 11.5%. In total, Southern, Cerro Verde, and Antamina alone provide over 72% of Peru’s molybdenum supply, underscoring the country’s central role in the international market.
Molybdenum is primarily produced as a by-product of large porphyry copper deposits, and its importance has been rising steadily due to its critical applications. The metal is prized for its strength, durability, and resistance to heat and corrosion, making it essential in the production of high-strength steel alloys, catalysts, and components used in energy, transport, and industrial infrastructure. Analysts project that global consumption will expand by 2–3% annually through 2030, driven by clean energy transitions, growing demand for electromobility, and massive infrastructure projects, particularly in Asia. This trajectory places added weight on countries like Peru, which must balance increased output with stricter environmental standards and the need for continuous investment in exploration and technology.
The significance of Peru’s role in molybdenum production extends beyond mining statistics: it positions the country as a strategic supplier in the global energy transition. As economies shift toward renewable energy systems, electric vehicles, and low-carbon infrastructure, molybdenum will become indispensable in strengthening turbines, batteries, and next-generation transport materials. Without reliable contributions from producers such as Peru, the market would struggle to keep pace with rising demand, creating potential supply bottlenecks that could delay climate and development goals worldwide. Peru’s continued investment in responsible and sustainable mining is therefore not only a national priority but also a matter of international importance in shaping the future of energy and infrastructure.