The global copper market is headed for a surplus of between 200,000-300,000 tons in 2020, the head of the miner Antofagasta told Chilean media, with operation halts at some mines offsetting depressed demand due to the coronavirus pandemic.
Chile’s economic activity dropped 3.5% in March from a year earlier, the central bank said. The bank’s IMACEC economic activity index declined 5.7% compared with the previous month, as the country went into an economic and social shutdown after the arrival in Chile of the new coronavirus.
Chile ordered strict new quarantine measures on three districts in the capital Santiago after a sudden spike in coronavirus cases on Sunday. The health ministry reported a surge of 1,228 new infections, bringing the total to nearly 20,000 nationwide and dealing a blow to hopes it was over the worst of the crisis.
Chilean police on Friday arrested dozens of people, including press photographers, when they broke up a May Day demonstration in the capital Santiago. Demonstrators had gathered in the city's Plaza Italia in defiance of a government prohibition on public gatherings of more than 50 people as part of measures against the coronavirus.
The leaders of Argentina and Chile have moved to defuse a recent diplomatic spat after officials in Santiago accused President Alberto Fernandez of “meddling” in Chile's internal affairs after he met with Chilean opposition leaders.
Chile's Navy is preparing to sail two recently retired Australian warships out of Sydney after purchasing them in a deal believed to be worth more than US$ 70 million. Ex-Adelaide-class frigates HMAS Melbourne and HMAS Newcastle were quietly commissioned into their new service this month during a formal handover ceremony between both navies.
Chile has approved US$ 1.9bn worth of railway investment between 2020 and 2022, including the US$ 1.3bn link planned between the capital, Santiago, and Melipilla, a city some 70km to the southwest.
While the Atlantic Airbridge between the Falkland Islands and Brize Norton continues to service normally and is crucial for sending swab tests to labs in the UK, the two commercial flights to the Islands, one from Chile and the most recent from Brazil remain suspended.
Mussels are the first-ever invasive species to take up residence in Antarctica, as found by a new study published last month in Scientific Report. According to the study, scientists found a colony of mussels, most likely transported accidentally to the frozen continent from Patagonia via ship, some 75 miles north of the Antarctic Peninsula.
Chile reported on Sunday that there were more than 10,000 people in the country with the coronavirus, the third-highest tally in Latin America, as the disease ravages the economy of the world's top copper producer.