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June 7 Peru Runoff Triggers Investor Fear Over Mining Reform

5/16/2026

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Story summary
  • Official results show Keiko Fujimori 17.18% and Roberto Sanchez 12.03% of the vote, setting a June 7 runoff.
  • Sanchez is campaigning on a new constitution and greater state control of mining, unsettling investors and weakening the sol against the dollar.
  • Right-wing parties now control majorities in both chambers of Peru’s bicameral legislature, making Sanchez’s proposals face a hostile Congress.