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.



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....

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