ASSESSMENTS

Chile's Copper Boom Comes to an End

Jan 2, 2015 | 10:00 GMT

Chile's Copper Boom Comes to an End
Workers handle a stack of copper plates at the Chuquicamata copper mine in Calama, Chile.

(MARTIN BERNETTI/AFP/Getty Images)

Summary

Chile's copper industry is approaching a turning point. For nearly 10 years, increased foreign demand for copper spurred rapid economic growth in Chile, providing a steady flow of revenue for the government. This boom appears to be slowing, however, a development that puts Santiago in a potentially problematic situation. As Chile copes with reduced revenue and continues with plans to introduce important reforms, mining exploration and production will be key to securing Chile's long-term future as a top copper producer.

Lower copper prices have reduced government revenue, making it harder for Santiago to deliver on promises to reform and invest in the mining sector....

Keep Reading

Register to read three free articles

Proceed to sign up

Register Now

Already have an account?

Sign In