AGP Executive Report

Peru Election Runoff: Peru’s presidential runoff is underway Sunday, with about 27 million voters choosing between Keiko Fujimori and Roberto Sánchez in a race dominated by crime, corruption fears, and deep political fatigue after eight presidents in 10 years. Central Bank Digital Currency: The BCRP extended its retail CBDC pilot through March 2027 after surpassing 3.5 million users, with strong uptake in Peru’s least-bancarized regions via the BiPay wallet. Mining & Markets Watch: Investors are tracking Peru’s political outcome alongside commodity signals, including reports of silver supply stress tied to disruptions in Peru’s mining sector and broader volatility in precious metals. Regional Business Context: Peru’s election is also being read through a wider Latin America lens as the region tilts rightward, raising questions about policy continuity for investors and trade.

Peru Election Runoff: Peru votes Sunday for a ninth president in 10 years, with Keiko Fujimori facing Roberto Sánchez in a tight, crime-driven race that could take days to settle; about 27 million are eligible, and a judge has ruled Sánchez can stand trial over alleged campaign finance violations, a backdrop that adds to voter distrust. Mining & Energy Shock: Peru’s power crisis is roiling metals markets: electricity costs have reportedly quintupled after a Camisea pipeline rupture, threatening output and raising concerns for silver supply and broader commodity risk. Critical Minerals Policy: Peru is positioning lithium and uranium as “national pillars,” a regulatory shift tied to the Macusani Plateau’s dual-commodity potential and aimed at accelerating investment in the energy-transition supply chain. Trade & Diplomacy: Peru-US relations are in focus as Sánchez signals “respectful” ties with President Trump and hints at major port opportunities for American investors. Climate Watch: El Niño risk remains on the radar for the region, with forecasts pointing to drought and heat stress that can hit agriculture, power and water planning.

Peru Runoff Election: Peru votes Sunday in a presidential runoff between right-wing Keiko Fujimori and leftist Roberto Sanchez, with polls showing a tight, polarized race and security concerns driving voter choice amid a decade of instability. Campaign Legal Risk: A judge ruled Sanchez could stand trial over alleged campaign finance violations, though the case is not expected to change the vote immediately. Foreign Policy Signals: Sanchez told AFP he wants “respectful” Peru-U.S. relations with Donald Trump and emphasized continuity on macroeconomic rules, while hinting at a major port deal for American investors. Energy Transition & Mining Policy: Peru’s Macusani Plateau is getting a regulatory boost as uranium and lithium are declared “national pillars,” positioning the Falchani lithium and Macusani uranium projects for faster development. Uranium Market Outlook: A separate analysis argues small modular reactors are reshaping long-term uranium demand expectations, adding a new layer of demand stability for miners.

Peru Runoff Election: Peru heads to a Sunday presidential runoff between right-wing Keiko Fujimori and leftist Roberto Sánchez, with polls showing a statistical tie and a large share of blank/undecided voters; the race is framed by deep distrust in institutions, political fragmentation, and crime fears. Legal Risk in Politics: Sánchez faces criminal accusations tied to alleged false reporting of party campaign contributions (2020-2021), with prosecutors seeking prison and a ban from public office—adding uncertainty just days before voting. Campaign Messaging: Both candidates closed campaigns in Lima: Fujimori pushed “unity and reconciliation” plus a hard line on crime and support for private investment, while Sánchez promised a popular consultation to replace the 1993 Constitution and emphasized continuity on macroeconomic rules. Mining & Commodities: Peru’s copper output rose 15% year-on-year in the first half of 2026 as key mines reached steady state, including ramp-ups at Quellaveco, Antamina, and Las Bambas—supporting Peru’s role as a top global supplier. Energy & Industry Costs: A separate report links Peru’s power-grid strain and energy disruptions to higher costs affecting mining operations, underscoring how infrastructure and energy reliability can swing production economics.

Peru Investment Pipeline: Peru’s executive presented European investors with a package of 92 public-private partnership and active projects worth over US$40 billion, spanning water, transport, energy, mining, health, education, tourism, telecoms, irrigation and hydrocarbons, with an execution horizon through 2028. Mining Politics: A Reuters analysis says Peru’s presidential runoff could hinge on small artisanal gold miners benefiting from the REINFO program, which lets them operate with looser permit requirements; about 500,000 informal miners produce roughly half of Peru’s gold exports and form a major rural voting bloc. Sustainable Seafood: Austral Group became the first Peruvian firm to register its fishmeal and fish oil in the Global Feed Life Cycle Assessment Institute database, aiming to provide transparent, verifiable environmental data for global feed buyers. Election Stakes: Reuters also reports the final campaign push as Keiko Fujimori and Roberto Sanchez clash over crime and political stability, with polls tight ahead of Sunday’s vote.

Peru Runoff Politics: Peru heads into a high-stakes presidential runoff on Sunday, with crime and insecurity dominating the final stretch. Conservative Keiko Fujimori and leftist Roberto Sánchez are separated by only a few points after a first round where both won under 20%, and voters remain split as many still decide late. Voter Participation Pushback: Social and human-rights groups in Lima urged Peruvians to reject “blank or null vote” campaigns, arguing that absenteeism and spoiled ballots would fragment the anti–far-right vote and indirectly help Fujimori. Mining Deal Watch: Silver X Mining says it has finalized the 100% acquisition of Peru’s Ccasahuasi gold project in Huancavelica, consolidating its Nueva Recuperada district position near its Tangana mine. Trade & Finance Signals: Peru’s macro backdrop remains in focus as OECD discussions highlight industrial policy for open markets, while Peru’s credit and reserves updates point to ongoing economic monitoring. Agro-Exports: Peru’s avocado and broader agro-export performance continues to draw attention, with supply and pricing shifts tied to seasonal shipment timing.

Peru Politics: Conservative Keiko Fujimori heads into Peru’s presidential runoff Sunday against leftist Roberto Sanchez, leaning on a tough-on-crime message as voters weigh rising insecurity and the weight of her family legacy. Mining & Environment: A new analysis reviews global and Peruvian laws that could help Andean Indigenous communities protect biocultural territories amid a surge in southern Peru mining concessions. Agro-Exports: Peru’s agro-exports totaled US$3.055 billion in 1Q 2026, up 6.9%, underscoring continued momentum for farm trade. Energy & Industry: Green Hydrogen production at Peru’s Cachimayo plant is highlighted as part of efforts to decarbonize ammonium nitrate supply. Finance & Credit: Peru’s total credit rose 8.7% year-on-year in April 2026, according to the central bank. Corporate/Trade: Ocho Sur and Fulbright in Peru announce scholarships and academic exchanges focused on Amazon research.

Peru Politics: Peru heads into its June 7 runoff with Keiko Fujimori and Roberto Sanchez facing a deeply polarized electorate amid low trust in government and fresh controversy over the election process and alleged financial crimes. Trade & Compliance: The U.S. Trade Representative proposed Section 301 tariffs tied to forced-labor enforcement failures, naming Peru among 60 investigated economies—raising new cost and compliance pressure for importers and exporters. Peru Economy & Finance: Peru’s central bank data point to credit growth and stronger leading indicators, while reserves remain sizable—signals investors will watch as the political calendar tightens. Agri-Exports: Peru’s agro-exports rose in early 2026, with Hass avocado shipments and pricing trends highlighting both demand strength and seasonal supply shifts. Mining & Industry: Mining remains a core part of Peru’s economy and exports, with new investment and policy moves aimed at keeping the sector competitive as global commodity expectations diverge from company valuations. Sustainability in Fisheries: Umios-backed Peru eel fishery secured the country’s first MSC certification, a milestone for export-grade sustainability and market access.

Peru Election Watch: Peru heads into a tight presidential runoff on June 7 after Keiko Fujimori and Roberto Sánchez advanced from a fragmented first round, with vote-count delays and fraud claims still hanging over the process. Forced-Labor Trade Pressure: The U.S. is moving ahead with new Section 301 tariffs tied to forced-labor imports, listing Peru among 54 economies found to have failed to effectively enforce bans—raising the stakes for exporters and supply chains. El Niño Risk for Peru: A “Super El Niño” scenario is gaining momentum, with scientists warning of stronger, longer disruptions that could hit water, food systems, and agriculture—an issue Peru will be watching closely as weather volatility grows. Mining & Industry Signals: American Lithium welcomed Peru’s national interest decree for uranium and lithium, while other business items point to continued regional investment momentum. Health Alert: The Pan American Health Organization flagged a measles resurgence across the Americas, noting Peru has recorded cases and warning travel and mass events could worsen spread.

Peru Election Watch: With Peru’s runoff on June 7, Keiko Fujimori and Roberto Sánchez head into the final stretch after the JNE confirmed the matchup following a fragmented first round; coverage highlights a deeply polarized electorate and competing visions for economic management and security. Campaign Economics: Debate coverage frames Fujimori as defending continuity and “order,” while Sánchez attacks elite capture and signals possible pardons for Castillo-era allies, keeping uncertainty high among undecided voters. Trade & Investment: Argentina moved to join the CPTPP, with Peru listed among the bloc’s current members—an update that matters for regional trade prospects. Mining & Capital Markets: Endeavour Silver reported AGM voting results in Vancouver, while broader mining coverage points to renewed M&A and shifting capital allocation across gold, copper and uranium. US Trade Policy: The USTR proposed additional Section 301 tariffs tied to forced-labor concerns, naming India among affected economies—another reminder of how compliance rules can reshape import costs. Peru Business Angle: Peru’s political risk premium remains the big variable for investors right now, as policy direction could affect trade, mining and consumer confidence.

Peru Crime & Politics: Ahead of Peru’s Sunday presidential runoff, Trujillo residents say extortion and killings have surged, with gangs increasingly targeting small businesses and transport workers—fueling fear that could shape turnout and daily commerce. Trade & Investment: Peru remains in the CPTPP orbit as Argentina moves to formally apply to join the Trans-Pacific pact, underscoring how regional trade deals keep reshaping market access. Critical Minerals: Peru’s government issued a decree naming uranium and lithium as nationally strategic and backing an international forum in July, while companies like American Lithium push to expand advanced mining and tech-linked investment. Health Tech Business: Nanox signed a distribution agreement to deploy its Nanox.ARC imaging systems in Peru via Top Med, aiming to widen uneven diagnostic access beyond major cities. Agribusiness Prices: Peruvian avocado exports show early-season price stability, with 2026 export values up 7.8% year-on-year by week 17. Regional Business Links: BVI Finance postponed its Latin America roadshow to July, with a stop in Lima—another sign of continued financial-services outreach across the region.

Peru Politics: Peru’s presidential runoff is set after a tight first round, with voters focused on violent crime and distrust in institutions as Keiko Fujimori faces leftist Roberto Sanchez; Sanchez unveiled a 2026–2031 governance plan that keeps Free Trade Agreements in place and proposes Peru be treated as a plurinational state. Fisheries & Food Security: Peru extended its pause on anchovy fishing due to high juvenile presence and warming conditions tied to El Niño, cutting the 2026 TAC to 1.9 million metric tons and forcing operators to adjust to shifting pelagic patterns. Infrastructure & Rail: Korea National Railway won a roughly $13 million contract to supervise improvements on the Huancayo–Huancavelica rail line, a five-year modernization push in Peru’s central highlands. Business Climate: TMF Group’s Global Business Complexity Index flags Peru among the world’s hardest places for foreign firms, citing unpredictable policy shifts and frequent regulatory changes. Trade & Regulation: APFRAS (including Peru) is moving toward broader food-safety regulatory harmonisation across the Pacific, aiming to shift from information sharing to a consultative global standard-setter.

Fisheries Watch: Peru extended a pause on anchovy fishing after a high presence of juveniles, while ENFEN’s El Niño outlook keeps ocean conditions uncertain and forces a lower 2026 TAC (1.9 million MT) than last year. Trade & Integration: Mercosur and Canada advanced talks on a free trade deal in Toronto, with technical sessions covering goods, services, financial services, rules of origin, IP, safeguards, and sustainable development, aiming to finalize in the first half of the year. Capital Markets: Ticketplus filed for a proposed IPO on Nasdaq (symbol “TP”), a move that could deepen funding for its live-entertainment ticketing platform across Latin America including Peru. Mining & Industry: Tega Industries completed its acquisition of Molycop for about $394.3 million, expanding grinding-media reach that already includes Peru. Tourism Pressure: Machu Picchu faces a credibility crisis tied to corruption allegations, higher tourism prices, strikes, and safety incidents—raising the risk of losing its global “Wonder” status. Agribusiness Risk: Peru’s organic banana sector is reeling from Fusarium, pushing production from the Chira Valley toward Olmos and raising costs for growers.

Peru Politics: Peru’s presidential runoff campaign heats up as Keiko Fujimori and Roberto Sánchez face off in a debate covering citizen security, democratic state and human rights, education and health, plus the economy, jobs and poverty ahead of June 7. Protest Pressure: In Lima, large crowds march under “Fujimori never again,” with unions, students and civil groups rejecting Fujimori’s candidacy and linking it to repression and inequality. Elections Watch: The political stakes are also reflected in broader regional election coverage, with voters preparing for major presidential contests across Latin America. Mining & Energy Context: Peru’s critical minerals and mining role remains in focus, including commentary on how copper demand is being reshaped by the AI-driven power buildout. Public Health & Climate Risk: Peru continues to extend emergency measures in rain-hit areas as health and infrastructure pressures intersect with extreme weather.

Emergency Response & Public Safety: Peru has extended its state of emergency for another 60 days across 41 districts in 11 regions after heavy rains, with authorities still clearing rivers and ravines and setting up temporary shelters; funding will come from existing institutional budgets, not new national treasury resources. Politics & Elections: Thousands marched through Lima and other cities to protest right-wing presidential candidate Keiko Fujimori ahead of the June 7 runoff, with demonstrators citing human-rights abuses tied to her father and calling for “Keiko Out, Fujimori Never Again.” Mining & Investment Climate: Peru’s mining potential is back in focus as the central bank governor highlighted opportunities while urging efforts to restore investor confidence. Trade & Business: Peru ratified a free trade agreement with Guatemala, signaling continued market-opening moves for regional commerce. Regional Security & Industry: Peru and other countries signed a joint agreement to combat transnational crime, while Peru also moved to position itself as a key player in U.S. energy security and chaired an APEC trade and investment meeting in China. Halal & Tourism Economy: Peru’s halal certification push is also in the spotlight, with industry stakeholders preparing for compliance-driven growth as licensing reshapes the market.

Peru Mining & Courts: A U.S. federal case could reshape cross-border liability for pollution claims tied to Peru’s La Oroya complex, as Peruvian plaintiffs seek to hold Missouri-based Doe Run Resources responsible for decades of emissions linked to its Peruvian subsidiary. Peru Environment & Mining Law: Peru’s artisanal and small-scale mining (MAPE) debate is under scrutiny after reports from Madre de Dios highlight weak oversight, mercury contamination, and slow recovery—pushing calls for rules that can organize the sector without deepening informality. Peru Economy & Policy: Peru’s BCR governor is urging renewed confidence in the country’s mining potential, while separate coverage notes mining’s outsized role in Peru’s economy and exports. Peru Public Health: Peru has declared/extended emergency measures amid a measles outbreak, pointing to gaps in public health capacity and crisis management. Peru Trade & Diplomacy: Peru ratified a free trade agreement with Guatemala and is pushing closer cooperation with Türkiye on critical minerals and sustainable mining.