The floods in Peru will continue in a series of historical events. Most global commodity regions around the world have escaped the severe weather. If rains were to move further south into the Chilean Copper Mines (desert region), this would be significant for copper prices. Right now, it is not an issue, however.
The situation in Peru is destroying thousands of years of their rich heritage. Click to the left (blue)
Our unique, long range forecast program CLIMATECH, predicted this flooding as early as last January. Below, you will see the global rainfall forecast from early January. More heavy rains are on the way. The forecast it made 2 months ago, used the warm Atlantic (AMO) and warming at Nino 1+2 off the coast of Peru, as El Nino conditions are slowly evolving.
