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Chile’s New Global Lithium Initiative
The Chilean government launched an initiative today, encouraging both domestic and international investors to develop lithium mining projects.
This effort aims to capitalize on Chile's...
Chile’s Emerging Role as a Service-oriented Economy
In the first quarter of 2024, Chile's service exports surged to a record $674 million, a notable 42.7% increase from the prior year.
The Undersecretary...
Chilean Airline Increasingly Dominates Brazil’s Vast Aviation Market
In 2023, Latam Airlines markedly boosted Brazil's aviation sector, elevating its passenger count from 32 million to 39 million across both domestic and international...
Bright Prospects for Chile in 2024
Chile's economy is on an upbeat path, with market analysts now predicting a 2.7% growth in the current quarter, adjusting the annual forecast to...
Chile-Brazil Satellite Collaboration Takes Off
At Fidae 2024 International Air and Space Fair, Chile and Brazil signed a declaration to boost satellite technology cooperation.
This pivotal agreement, led by both...
Chile Sees Lower-than-Expected Inflation Rise in March
March brought a smaller-than-anticipated increase in Chile's consumer prices, easing concerns at the Central Bank amid slow inflation decline towards the target rate.
Prices edged...
Chile Advances in Pacific Alliance Modernization
Chile advanced international cooperation with the Chamber of Deputies committee approving a Pacific Alliance modernization proposal.
This alliance, which includes Mexico, Peru, and Colombia alongside...
Chile’s Steel Industry Dilemma Amid Chinese Imports
In an urgent move, Chilean officials are working to save the country's sole steel mill from closing due to the flood of low-cost Chinese...
Chile Central Bank Trims Interest Rate to 6.5%
Yesterday, the Central Bank of Chile made a unanimous move to trim the Monetary Policy Rate (MPR) from 7.25% down to 6.5%.
This step reflects...
Chile’s Economy Marks Strongest Growth in Two Years
Chile's economy is showcasing signs of robust growth, with a notable 4.5% increase in February, the highest in almost two years.
This resurgence is a...
Chile’s Lithium Strategy: Expanding Production to Secure Battery Market
Chile, ranked as the world's second-biggest lithium producer, has set ambitious plans to double its output within the next decade.
This move aims to cater...
Chile’s Marine Victory at Best Warrior 2024
Corporal Ángel Vásquez from Chile's Marine Corps won first in both the individual and corporal categories at the 2024 Best Warrior event in Texas.
This...
Chile’s Unemployment Rate at 8.5% in Early 2024
From December 2023 to February 2024, Chile's unemployment rate increased to 8.5%, a slight increase from the previous year.
The National Institute of Statistics (INE)...
Manufacturing and Mining Drive Chile’s Remarkable Industrial Revival
Chile celebrated a landmark achievement in its industrial sector in February, showcasing a substantial annual growth of 7.9%—the highest since March 2018.
As reported by...