India-Peru Free Trade Pact Talks

India and Peru are set to resume negotiations in June for a proposed free trade pact, with a deal potentially signed by year-end. A key aspect of these talks is a chapter on critical minerals, particularly Copper, as India, a rapidly growing economy, anticipates a significant surge in Copper demand and aims to secure its supply chains. Peru, the world's third-largest Copper producer, stands to benefit from increased foreign investment in its mining sector. Hindalco Industries, an Indian company, is reportedly looking to purchase Copper from Peru, highlighting the direct business interest stemming from these diplomatic efforts. India's Ministry of Commerce and Industry is involved in these discussions, which are crucial for India's long-term mineral security.