In the arid parts of South America, water supply is a big issue. Which is why Anglo American has had to divert a river to develop a new copper mine in Peru.

The company sees it as a long-term play to benefit from increasing urbanisation, as copper is vital for the electrification of cities and towns. With people in China and India, the world's two most populous nations, flocking to cities, and recycling options for the metal not yet cost-effective, the case for copper seems clear...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now