Chile

Relevant News Item, World economy, World politics 25th April 2023

Chile, world’s largest producer, to nationalise lithium industry

Alphavalue / Divacons | Chile’s President Gabriel Boric announced the nationalisation of the lithium industry, especially important for electric car batteries. State-owned Codelco will determine investments and exploitation by private companies. Chile is the largest producer of lithium. While it is claimed that this will not affect current contracts, it is a stark reminder of the insecurities for mining companies, and not only in Chile.

World economy 12th May 2021

Chile | A Robust 7% GDP Rebound Expected in 2021, But Political Uncertainty Has Increased

Crédito y Caución (ATRADIUS) | In October 2019, massive social riots broke out, due to a deep frustration among large parts of the population with growing inequality, rising costs of living and unequal access to public services. One of the protesters’ key demands was to reform the old Pinochet-era constitution, which they argued entrenched inequalities by putting the private sector in control of health, education, housing and pensions. Finally, the…

World economy 30th January 2014

‘Sanhattan’, Latin America’s new place for business

By LATAM CORRESPONDENT David Brunat | Santiago de Chile is taking off as a regional business pole, and the district of Sanhattan -a word game mixing Santiago and Manhattan- is its Mecca. More than a hundred multinational and Latin American companies are housed in this district, including HSBC, KPMG, Shell and Mexico’s Claro, making Santiago one of the best cities in the region to do business, along with Sao Paulo, which has four times its population.