COSCO Shipping will spend $2 billion on a new port in Peru that has been driven by Chinese investments in the mining industry. Growth in Peru’s maritime exports was a healthy 18% in the three months to April 30, though that did represent a slowdown from 33% in 2017. The main challenge for the viability of COSCO’s investment is a reliance on the continued health of the copper industry. Copper ore accounted for 64% of the value of outbound traffic to China from Peru’s maritime ports in the 12 months to April 30. Only two of the top 10 products shipped (flour at 7% and grapes at 1%...