Mitsui & Co. India Pvt. Ltd. reposted this
Copper is critical to electrification and decarbonisation — and by 2030, global demand is expected to outpace supply. As the world’s second-largest copper producer, Peru’s cost-competitive mines are becoming increasingly vital to meeting this growing need. Since 1996, Mitsui has supported Peruvian mining through KMMP, which sells and services construction and mining equipment. In 2024, we merged KMMP with KMCP — a specialist in open-pit and underground mining equipment — in partnership with Mitsui’s investment partner Komatsu. The integrated business now holds over 60% market share in ultra-large dump trucks and large rope shovels, which are integral to supporting stable copper production. By strengthening equipment reliability and operational support, Mitsui is helping to lay the foundation for a resilient, long-term global copper supply. #Copper #Mining #Peru #Komatsu #Mitsui #mitsuiandco