Chile's Larrain says civil unrest will 'undoubtedly' have an impact on the economy | Metals Mine

  • Chile's Larrain says civil unrest will 'undoubtedly' have an impact on the economy

    From reuters.com

    Chile’s finance minister Felipe Larrain said on Monday that civil unrest which has claimed 11 lives, shut down the transport network and seen scores of businesses damaged will “undoubtedly” have an impact on the economy. Larrain told a press conference in Santiago that the situation remained “relatively normal”, adding: “What we have tried to ensure is that in the face of this adversity the payment system works properly. “Undoubtedly this is going to have an effect on the economy, on economic activity. We can diminish that effect by working together but it will be a significant effect.” The Central ... (full story)

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EventsTrader
Oct 21, 2019 6:07pm
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The civil unrest in Chile has also resulted in workers walking out of the world's largest copper mine in the world. There no doubt this this is pushing the price of copper higher. There's still upside potential in copper. If workers don't return to the Escondida copper mine, expect it to be reflected in higher copper prices.
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