AGP Executive Report

Peru Election Tightrope: Keiko Fujimori’s apparent win over Roberto Sánchez came down to about 1,500 votes with nearly all ballots counted, as Sánchez pressed for a recount and Peru’s officials said overseas voting showed no irregularities—leaving the political future finely balanced. Health Access in Southern Peru: Orbis International’s Flying Eye Hospital is in Arequipa for a two-week training push with Peru’s health ministry and a regional hospital, aiming to expand cataract, glaucoma and other eye-care capacity in rural and indigenous communities. Diplomacy & Trade Links: Azerbaijan’s ambassador presented credentials to Peru’s president, highlighting plans to deepen cooperation in economy, trade, energy, tourism and noting 30 years of bilateral relations. World Cup Business Angle: FIFA named Kraken as the tournament’s first crypto exchange supporter, while Ecuador kicks off its World Cup run against Ivory Coast with strong momentum—an opening that also boosts regional broadcast and sponsorship interest. Mining & Metals Watch: A new copper outlook points to the DRC as a key growth source for 2026 amid Chile’s production headwinds, with supply tightness tied to EV and AI-driven demand.

Peru Politics: Keiko Fujimori has won Peru’s presidential election in a razor-thin race, edging leftist Roberto Sánchez as more than 98% of ballots are counted, signaling a major rightward shift focused on security and growth. Peru Agriculture & Exports: Peru’s blueberry exports are projected to top 400,000 tons in 2026, with BASF citing expanded certified hectares and warning that El Niño-linked heat and humidity could raise fungal disease risks. Peru Archaeology: Skeletal remains and ceremonial objects found at Kuelap in Amazonas point to complex Chachapoya funerary practices, including a phytomorphic paccha and Spondylus fragments. Peru Infrastructure & Energy: Peru’s government is moving to unblock the Southern Gas Pipeline project, aiming to revive a key energy infrastructure plan. Regional Security (Venezuela/US): The US and Venezuela say Tren de Aragua leader “Niño Guerrero” was killed in a joint strike, underscoring cross-border pressure on organized crime. Governance & Compliance (Peru-related): A Peru-linked ICE case highlights deportation and sanctuary-state tensions around arrests tied to alleged child predators.

Peru Politics: Keiko Fujimori has won Peru’s presidential runoff, edging Roberto Sánchez by only a few hundred votes with 98%+ of ballots counted, in a comeback framed around restoring law and order and cracking down on organized crime. Mining & Commodities: A new wave of mid-tier mining M&A is building as majors shift from “build” to “buy” to secure critical minerals, with copper demand also getting a fresh push from AI data centers. Copper Demand: AI-ready data centers are expected to intensify the copper crunch by using far more copper per megawatt than legacy facilities, tightening supply and reshaping procurement. Regional Security: The US and Venezuela say Tren de Aragua leader “Niño Guerrero” was killed in a joint operation, underscoring continued cross-border pressure on organized crime. Peru Economy/Policy: Peru’s MEF highlights financial-sector strength as a pillar for boosting production, while election uncertainty and vote-count delays keep policy expectations in flux.

Critical Minerals Push: Peru issued a Supreme Decree fast-tracking lithium and uranium as “critical and strategic” minerals, aiming to speed permitting for projects like American Lithium’s Falchani and Macusani and align policy with Western supply-chain diversification. Election Tension: With Peru’s presidential runoff still extremely tight, Roberto Sánchez publicly urged Keiko Fujimori to jointly request a full vote recount to protect transparency and legitimacy as official scrutiny nears completion. Justice System: Peru’s Prosecutor’s Office asked for a 35-year sentence for “El Monstruo” (Erick Moreno Hernández), leader of Los Injertos del Cono Norte, over kidnapping and extortion allegations tied to businessmen in Comas. Diplomacy & Business Links: Peru marked its 50 years of diplomatic relations with Nepal via a reception in Kathmandu, highlighting future cooperation areas that include renewable energy and sustainable development.

Peru Politics & Justice: Peru’s Prosecutor’s Office is seeking a 35-year prison sentence for Erick Moreno Hernández, alias “El Monstruo,” over alleged kidnapping and extortion tied to a 2020 Comas case; the court is set to read the sentence on June 24. Fisheries & Food Security: Peru again extended its anchovy fishing suspension in the North-Central zone, citing El Niño-linked warming that has boosted juvenile presence; the ban threatens global fishmeal supply, with Peru producing about 20% of the world’s fishmeal. Climate & Legal Precedent: A Peruvian farmer’s case against a major European carbon emitter continues to highlight how climate responsibility is being argued in court, with the dispute centered on glacier retreat and flood risk near Huaraz. Business & Payments: Ripple and Bitso expanded their stablecoin partnership, pushing MXN-backed MXNB issuance onto the XRP Ledger to support enterprise settlement across LATAM. Sports & Consumer Deals: The Cincinnati Reds partnered with Avocados From Peru for a summer sweepstakes featuring a co-branded 2026 Toyota Tacoma.

Peru Election Watch: Peru’s electoral jury has started reviewing contested ballots with the presidential race still razor-thin: Keiko Fujimori holds a narrow edge as overseas votes put her at 50.002% vs Roberto Sánchez’s 49.998%, and only a small slice of polling stations remains to be counted—review could take weeks, with most contested ballots tied to Lima. Energy & Infrastructure: President Balcázar says the government will unblock the long-stalled Southern Gas Pipeline project, framing it as a jobs and investment boost for southern regions. Climate & Risk: NOAA says El Niño has formed in the Pacific and could intensify toward “super” levels, raising the odds of major weather disruptions and food-price pressure into 2027. Trade & Climate Diplomacy: South Korea and Peru held their first joint climate committee in Bonn to coordinate greenhouse-gas reduction projects under the Paris Agreement. Crypto Payments: Ripple and Bitso expand stablecoin settlement, adding Bitso’s peso-backed MXNB to the XRP Ledger to support faster U.S.-Mexico cross-border liquidity. Public Safety: Peru police used World Cup mascot disguises to arrest a suspected drug dealer, highlighting how security operations are adapting to the tournament atmosphere.

Peru Politics: Peru’s presidential runoff remains a knife-edge as vote counts trickle in and official results stay too close to call, with OAS urging calm while authorities tally amid irregularities and delays. Critical Minerals & Energy Policy: Peru moves to formalize strategic priorities for uranium and lithium, signaling a push to lock in supply chains and investment as global demand for battery and nuclear inputs rises. Macroeconomy: The World Bank warns Latin America growth will slow in 2026, with weak domestic demand and global uncertainty—an outlook that matters for Peru’s trade and financing conditions. Climate Risk for Business: El Niño has officially begun and is forecast to intensify into a very strong “super” event, raising the odds of extreme weather that can disrupt agriculture, logistics, and inflation across the region. Coffee & Climate Adaptation: A TechnoServe/UNIDO report flags rising climate stress for major coffee producers including Peru, but finds adaptation capacity varies widely—highlighting where investment could protect yields and farmer incomes.

Peru Election Watch: With 97% of ballots counted, leftist Roberto Sánchez holds a razor-thin lead over Keiko Fujimori (about 10,000 votes), but the final official proclamation is not due until July 15—keeping markets and businesses on edge as the tally remains contested. Critical Minerals Policy: Peru’s government issued a Supreme Decree naming lithium and uranium “critical and strategic,” aiming to speed up development and build a domestic supply chain tied to electromobility and clean energy storage. Government Travel & Diplomacy: The Executive Branch asked Congress to authorize President Jose Maria Balcazar’s June 15–19 trip to Vatican City for a private audience with Pope Leo XIV, framed as a priority to deepen Peru–Holy See relations. Business & Finance: Peru’s MEF highlighted the financial sector’s strength as a pillar for boosting production, while broader regional coverage points to ongoing scrutiny of election-related uncertainty. Global Context: A new GI-TOC report warns illicit gold markets are outpacing regulation—relevant for Peru’s mining risk outlook as bullion and enforcement pressures rise.

Peru Election Watch: Peru’s presidential runoff between Keiko Fujimori and Roberto Sánchez remains razor-thin with 97% counted; Sánchez leads nationally by a hair (50.05% vs 49.94%), but overseas ballots—especially from Peruvians in Florida—could flip the result, with Fujimori holding 62.5% of votes from abroad. Financial Stability: Peru’s MEF says the financial system is resilient, citing a 16.4% global capital ratio (above the 10% legal minimum) and faster private-sector credit growth of 8.7% y/y in April, driven by lending to firms and micro/small enterprises. Trade & Agriculture: U.S. pork exports stayed strong in April, up 8% in volume and 6% in value, with Mexico and Japan among key drivers; beef exports lagged amid the China impasse. Mining & Capital Markets: Major Drilling reported record Fiscal 2026 revenue of $889.1M (+22%) and improved cash position, while Hannan Metals secured options for three drill-ready high-grade gold projects in Sweden. Energy & Food Inputs: U.S. ethanol exports fell below 200M gallons in April (171.6M) but remain solid, with Peru among notable destinations.

Peru Election Watch: Peru’s presidential runoff stays razor-thin as rural ballots keep shifting the count, with Roberto Sánchez holding a narrow lead over Keiko Fujimori while ONPE updates official results and the OAS urges calm and faster resolution of challenged records. Legal & Markets: A broadband company is pushing a U.S. judge to force Peru to answer post-judgment requests tied to $168M in arbitral awards, while Peru’s stock market reacts to the election volatility. Drug Trafficking: Peru-linked transit routes are again in the spotlight after New Zealand customs seized about 100kg of cocaine in “PRADA”-branded bricks at the Port of Tauranga, with the container transiting through Peru, Colombia and Panama. Mining & Energy: Peru’s broader extractives story continues as investors track critical-minerals momentum and uranium supply shifts, underscoring how global demand cycles can quickly feed back into Peru’s resource economy. Business & Compliance: Online gaming supplier CT Interactive expands in Peru by securing certification for 25 additional casino games, signaling continued growth in regulated digital markets.

Peru Election Watch: Peru’s presidential runoff remains in a dead heat, with official counts and quick counts still separated by razor-thin margins, keeping uncertainty high for markets and investors. Mining & Metals: Cerro de Pasco Resources advanced metallurgical testing for its Quiulacocha tailings reprocessing in central Peru, moving toward a two-concentrate flowsheet targeting silver-bearing pyrite and base metals. Agri-Exports: PROARANDANOS forecasts Peru’s blueberry exports to rise about 40% in 2026 (over 40,000 tons in the next 10 weeks), though it warns El Niño-linked weather could still disrupt flowering and fruit development. Energy & Infrastructure: Peru’s power grid and logistics push continue, including coverage of the Chancay-Chiclayo/airport connectivity theme and broader regional development plans. Sustainability & Agribusiness: Ocho Sur highlighted Forest Week in Ucayali, tying regenerative palm agriculture to forest conservation agreements with Indigenous communities. Corporate Moves: CT Interactive expanded in Peru by securing certification for 25 additional online casino games, signaling continued growth in regulated gaming. Trade & Consumer Markets: Indetexx launched a graded used-bag wholesale program for South American importers, targeting clearer quality tiers and better inventory planning for Peru and nearby markets.

Peru Presidential Runoff: Peru’s vote count remains a statistical dead heat as leftist Roberto Sánchez edges ahead of Keiko Fujimori with rural ballots still being processed, keeping the final result potentially weeks away and adding pressure on markets and the sol. Business & Investment Climate: The uncertainty is already spilling into investor sentiment, with mining and Peruvian equities moving as the race tightens and both sides signal they expect pending ballots—especially foreign ones—to matter. Infrastructure Deal: Vinci Construction’s Geoquest unit is set to expand in Latin America by acquiring Grupo TDM’s geosynthetics division in Peru, pending approvals, with a focus on waterproofing, soil stabilization and mining-related projects. Regional Policy Signals: Peru’s central bank extended its digital currency pilot to 2027 after surpassing 3.5 million users, a move that could shape how Peru tests payments and financial innovation. Tech & Youth Exchange: China’s 2026 Future Close-Up youth program kicked off in Shenzhen with delegates including Peru, spotlighting AI and visits to major tech firms.

Peru Politics: Peru’s presidential runoff is still too close to call as vote counting nears completion, with conservative Keiko Fujimori and leftist Roberto Sánchez effectively tied—about 50.01% vs 49.99% with fewer than 4,300 votes separating them—while officials warn final results could take weeks, and both sides urge calm as rural vote tallies keep shifting the lead. Trade & Tariffs: The U.S. Trade Representative proposed new Section 301 forced-labor tariffs covering 60 economies, with additional duties of 10% or 12.5% depending on each country’s commitments, plus a comment deadline of July 6 and a July 7 hearing—raising compliance stakes for importers tied to Peru-linked supply chains. Mining Deal: Silver X Mining acquired full ownership of Peru’s Ccasahuasi gold project from Barrick for $30,000 in staged cash, tightening control over a key Huancavelica asset. Business Expansion: Vinci’s Geoquest agreed to buy Grupo TDM’s geosynthetics division, which operates in Peru and other Latin American markets, aiming to expand ground-engineering capacity for mining and infrastructure. Climate Watch: Forecasts warn El Niño may strengthen toward “very strong” levels, with potential knock-on effects for weather, agriculture, and costs across the region.

Peru Election: Peru’s presidential runoff remains a technical tie after quick counts and partial official tallies, with Ipsos putting Keiko Fujimori at 50.3% and Roberto Sánchez at 49.7%—a gap within the margin of error—while ONPE’s slower processing keeps results shifting as rural ballots are still being incorporated. Security & Economy: Crime and extortion are driving voter anxiety, with both campaigns urging caution and promising different paths to tackle insecurity and inequality. Critical Minerals: Peru moves to position uranium and lithium as national strategic priorities, setting up a July 7–8 forum in Lima and pointing to projects on the Macusani Plateau as the country pushes deeper into the energy-transition supply chain. Mining ESG: Codelco’s El Teniente secures dual Copper Mark and Molybdenum Mark certifications, signaling tighter third-party ESG scrutiny for major copper producers. Business & Finance: OR Royalties buys Peruvian precious-metals royalty assets for US$115 million, highlighting continued deal flow in Peru’s royalty market. Regional Markets: South Korea’s export surge is tied to AI chips, shipbuilding, and defense demand—an external signal for the global industrial cycle Peru’s mining sector depends on.

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.