SQM Prioritizes China While Chile Wants to Diversify Exports December 20, 2019 Chile’s Vice Minister of Trade, Rodrigo Benitez, has stated that the recently launched U.S.-China trade deal will help reverse declining exports as “the better the news from that situation the better for our economy”. The government nonetheless “wants to diversify exports”. Exporters have the... Read more →
Codelco, BHP Face Disruptions as Unrest Sparks Copper Strikes October 24, 2019 Civil unrest in Chile has spread to the copper industry, including strikes aimed at Codelco. That’s come as Chilean exports of copper ore and cathode had started to recover. Shipments of copper from Chile globally rose 6.9% year over year in August after falling by 4.9% in 2Q and slipping 4.3%... Read more →
Codelco, BHP Suffer Chilean Copper Corrosion on Lower Prices, Strike August 30, 2019 Concerns about the state of the world economy have driven global copper prices down, in turn cutting royalty payments for governments including Chile’s. That’s led to the application of a stimulus package in Chile, the need for which was increased by a copper mining strike at Codelco’s mines. ... Read more →