Peru is expecting to generate 75 million U.S. dollars in economic benefits from 2025 Copa Libertadores final concluded on Saturday in its capital Lima as the country features a wide range of cultural events to encourage longer stays of football fans.
Flamengo claimed its fourth Copa Libertadores title with a 1-0 victory over Palmeiras in their all-Brazilian final.
After the fierce match, football fans rushed to the streets to cheer for their teams and to celebrate the victory.
"My mind is buzzing with excitement right now. All I have experienced in the stadium and the goal that made me scream out loud. This is the moment I have been expecting since I was a child - seeing the team l love claim the championship of Copa Libertadores," said a football fan.
Hosting the final is regarded as an important opportunity for Peru to showcase its urban management capability, infrastructure standards, and experience in playing host to large numbers of tourists.
To encourage longer stays of football fans and invite them to have in-depth experience of the Peruvian culture, Promperu, an institute dedicated to promoting the country's culture and boosting the development of its tourism, built a special space to showcase the country's diverse offerings.
"For us this is important, because this is an opportunity to show what Peru has to offer as we have a lot of tourists who have come for this final. They have the chance to get a glimpse into Peru. Now they are visiting Lima, which is a very interesting city. So, they are having good food. They also have a lot of culture," said Ricardo Baraybar, deputy director of inbound tourism promotion at Promperu.
According to the latest data released by the Peruvian authorities, Saturday's Copa Libertadores final attracted about 50,000 foreign fans to the venue and the country is expecting to generate around 75 million U.S. dollars in economic benefits from the event.
Peru expects 75 mln dollars in economic benefits from Copa Libertadores final
Peru expects 75 mln dollars in economic benefits from Copa Libertadores final
Peru expects 75 mln dollars in economic benefits from Copa Libertadores final
The price of aluminum, a key industrial metal used in automotive manufacturing, construction and packaging, has been climbing as production cuts in the Gulf region, logistical constraints and Iranian attacks on two regional producers over the weekend tightened supply.
On March 31, the benchmark London Metal Exchange (LME) three-month price for aluminum rose to 3,535 U.S. dollars per metric ton, a year-on-year increase of around 40 percent.
Iran's Islamic Revolutionary Guard Corps (IRGC) said on Sunday that they launched missile and drone strikes on aluminum plants in Bahrain and the UAE that are linked to the U.S. military and aerospace industries, in retaliation for U.S.-Israeli attacks on Iranian steel factories.
Emirates Global Aluminium issued a statement saying that its Al Taweela site in the Khalifa Economic Zone in Abu Dhabi was severely damaged after Iranian strikes, with some employees injured.
Aluminum Bahrain confirmed in a statement on Sunday that some of its facilities were struck by Iranian attacks, resulting in injuries to two employees.
The two aluminum plants have a combined annual output of 3.2 million tons, more than half of the approximately 6 million tons of aluminum produced every year by Gulf Cooperation Council (GCC) member states.
The region is a key source of aluminum supply, accounting for about 9 percent of global production.
Goldman Sachs on Tuesday raised its LME aluminum price forecast from 3,200 U.S. dollars to 3,450 U.S. dollars per ton for the second quarter of 2026 after the attacks on the facilities.
Goldman Sachs also predicted a global primary aluminum market supply deficit of 570,000 tons in 2026, a sharp turnaround from its previous forecast of a 550,000-ton surplus.
Analysts point out that the aluminum market is currently facing multiple shocks, with shipping in the Strait of Hormuz disrupted, aluminum production facilities in the Gulf damaged or even shut down, and production in other parts of the world currently limited.
The impact will also spread to downstream enterprises in the coming months, with higher-cost aluminum alloys, primarily used in the aerospace, automotive, and construction industries, facing the most constrained supply, analysts said.
The Gulf region has long been a significant source of these high-end products, particularly for the European market, and also supplies manufacturers in the United States.
Aluminum prices climb as effects of Middle East tensions spread through global economy
