Business News Chile

  • *Portugal vital to Europe's bid to cut lithium imports. *Europe's biggest lithium producer a minnow in global terms. LISBON, Feb 14- The lush, green hills where Paulo Pires has for years brought sheep to graze above his picturesque Portuguese village may soon be transformed by the race to power electric vehicles.

  • BEIJING, Feb 14- China's industrial power demand in 2020 may decline by as much as 73 billion kilowatt hours, according to IHS Markit, as the outbreak of the coronavirus has curtailed factory output and prevented some workers from returning to their jobs. The cut represents about 1.5% of industrial power consumption in China. China has tried to curtail the spread...

  • *Argentina warns of' deep debt restructuring'. Feb 13- The Brazilian real led a charge among Latin American currencies on Thursday when the central bank announced a new intervention but stocks in the region came under pressure as the number of coronavirus deaths and infections surged in China. "I'm sure many people in Brazil will be happy to see any brief relief but...

  • JOHANNESBURG, Feb 12- Gold Fields on Wednesday reported a jump in 2019 profit as the South African miner benefited from increased gold production and a higher gold price. The company, which operates producing gold mines in South Africa, Ghana, Australia and Peru, said headline earnings per share rose to $0.20 per share for the full year ended Dec. 31, from $0.07 in the...

  • Feb 12- Copper prices were steady on Tuesday as uncertainty over the impact of the coronavirus outbreak in China capped gains even though hopes rose that the worst might have passed. Three-month copper on the London Metal Exchange was almost unchanged at $5,743 a tonne by 0154 GMT and the most-traded copper contract on the Shanghai Futures Exchange was nearly...

  • SANTIAGO, Feb 11- German automakers Volkswagen and Daimler have launched a study to push for more "sustainable" lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom. Chile's Atacama salt flat is by far the biggest source of supply of the ultralight battery...

  • SANTIAGO, Feb 10- With residents and courts ringing the alarm about depleted water supplies in Chile's Atacama salt flat, the world's top lithium miner Albemarle quietly filed a proposal in December for a network to monitor flows beneath the parched desert floor. "What we're seeing is a scrutiny of how lithium is being produced, and particularly, in the Salar de...

  • Feb 10- London base metals advanced on Monday on fears of a supply shortage in China, a major producer of base metals, where a coronavirus outbreak has killed over 900 people and threatened to disrupt the global supply chain. Three-month copper on the London Metal Exchange rose 0.6% to $5,693.50 a tonne by 0725 GMT, nickel jumped 1.8% to $12,995 a tonne, zinc rose...

  • Feb 10- London base metals advanced on Monday on fears of a supply shortage in China, a major producer of base metals, where a coronavirus outbreak has killed over 900 people and threatened to disrupt the global supply chain. Three-month copper on the London Metal Exchange rose 0.8% to $5,709 a tonne by 0623 GMT, nickel jumped 2% to $13,025 a tonne, zinc rose 1.6% to...

  • Feb 10- London base metals mostly rose on Monday on fears of a supply disruption in China, where a coronavirus outbreak has killed over 900 people and threatened to impact global growth. Three-month copper on the London Metal Exchange rose 0.6% to $5,695 a tonne by 0421 GMT, nickel advanced 1.8% to $12,995 a tonne, zinc increased 1.4% to $2,174 a tonne, tin jumped 2%...

  • SANTIAGO, Feb 10- With residents and courts ringing the alarm about depleted water supplies in Chile's Atacama salt flat, the world's top lithium miner Albemarle quietly filed a proposal in December for a network to monitor flows beneath the parched desert floor. "What we're seeing is a scrutiny of how lithium is being produced, and particularly, in the Salar de...

  • Feb 7- Brazil's real hit an all-time low on Friday, and other Latin American currencies also weakened, in line with their broader emerging market peers as the mounting death toll from the deadly new coronavirus dented investor sentiment. "The historically low key rate remains a burdening factor for the BRL, especially since the real interest rate is now close to...

  • LONDON, Feb 7- Copper prices eased on Friday on concerns that a rising death toll from the coronavirus in China could lead to a bigger hit to economic activity and metals demand. The death toll from the virus in mainland China rose to 636 on Friday, up by 73 from the previous day, the National Health Commission said. There have been two deaths outside mainland China, in...

  • CARTAGENA, Colombia, Feb 6- Colombia will seek Latin American investors for its domestic debt to diversify its range of bond holders and improve the liquidity and resilience of the debt market, a finance ministry official said on Thursday. Over the last decade Latin America's fourth-largest economy has mainly sold its bonds- its biggest source of financing...

  • *China to halve tariffs on some U.S. imports. Feb 6- Brazil's real fell 1% on Thursday, reversing early gains made after the central bank signaled a pause in interest rate cuts a day earlier, with other Latin American currencies also coming under pressure from a strong dollar. The real neared a record low hit last week amid fears of the fast-spreading coronavirus in...

  • WASHINGTON, Feb 5- The World Bank's chief economist, Pinelopi Koujianou Goldberg, will leave her position on March 1 after less than 15 months on the job to return to Yale University, according to an internal email to colleagues seen by Reuters. Romer quit https://www.reuters.com/article/us-worldbank-economist-romer/world-bank-economis t- p a u l- r o m e r- q u...

  • CHILE SAYS COPPER OUTPUT FALLS 0.5 PCT Y/Y IN DECEMBER, TO 554,953 TONNES.

  • *Growth conditions in Brazil and Mexico look dim- analyst. Jan 30- Stocks and currencies in Latin America fell on Thursday, as a rising death toll and increased cases of the Chinese coronavirus brewed widespread fears over its economic impact. A bout of panic selling took over global financial markets as the death toll from the Wuhan coronavirus rose to 170, with...

  • *Says lower passenger traffic through Hong Kong. Jan 30- Diageo, the world's biggest spirits company, tempered its annual sales growth expectations on Thursday, due partly to tough trading conditions for its key Scotch whisky business in Latin America and the Middle East. The company highlighted volatility in India, Latin America and the Caribbean and said it...

  • The Atacama desert in Chile.

    The Atacama Desert is one of the driest places on Earth. But dry doesn't mean desolate. Mesmerizing and beautiful, there is a startling amount to do, including exploring the area's volcanoes, sand dunes, salt flats and small towns.