iShares MSCI Chile ETF
Why Analysts See a Downside in Southern Copper
Southern Copper (SCCO) received a mean price target of $37.03 from 11 analysts polled by Thomson Reuters on September 22.
Sluggish Mining Sector and Chile’s Trade Surplus in June
Chile’s economy is highly dependent on copper mining activities. The recent long strike at BHP Billiton’s Escondida copper mine continues to impact Chile.
What’s Driving Recent Strength in Copper Prices?
Copper prices have shown strength in the last few weeks. Copper started 2017 on a positive note amid supply-side concerns.
Did Chile’s Copper Mine Strike Impact Its Economic Growth in 1Q17?
Chile’s economy grew 0.1% on a year-over-year basis in 1Q17, lower than the 0.5% expansion in 1Q16.
Mid-Year Review: What Could Drive Copper Miners in 2H17
Copper’s story has essentially been a supply-side-driven deficit. We’ve seen significant supply disruptions this year.
Why Markets in India Are Scaling New Heights in 2017
India’s equity markets are soaring so far in 2017, pushing valuations above their long-term averages. India’s economy is scoring well due to high GDP growth and government reforms.
What Chile’s Mining Strike Means for a Highly Privatized Economy
Chile had been known as the best-managed economy in Latin America—until recently.
Why Colombian Stocks Are Surging in 2017
As the third-largest economy in Latin America, Colombia is expected to recover from its subdued growth of ~2% in 2016—its lowest figure since 2009.
How Chile’s Stock Market Continues to Find Support
Chile (ECH) continues to be the lowest-risk country in Latin America (ILF). It’s one of the best-evaluated economies in its region.
Will the Copper Price Rebound Continue to Support Chile’s Surge?
The price of copper has increased from around $4,470 per metric ton in January 2016 to more than $4,800 per metric ton in July 2016. That’s a rise of 7.4%.
What Argentina’s Capital Flows Suggest about Valuations
Argentina’s capital markets (ARGT) saw a net of $869 million of funds flowing into the country’s portfolio investments in the first half of 2016.
Investor Sentiment Favors Peru, Chile, and Brazil
Investor sentiment with respect to Latin American economies has definitely been changing since the beginning of the year.
Why Are Falling Copper Prices Pressuring the Chilean Peso?
Copper futures prices fell by 1.5% on August 22, 2016. The Chilean peso has a high correlation to copper prices—copper is Chile’s major export.
Latin American Markets Rise, Chile Records Slower Inflation
Latin American markets were trading higher on August 8—taking cues from a rise in commodity and crude prices globally.
Colombia Hikes Rates, Chile’s Industrial Production Contracts
Colombia’s central bank increased the benchmark interest rates for the 11th consecutive meeting by 25 basis points to bring the rate to 7.8%.
El Niño’s Effect on Grains, Soya Crops May Cause Price Cushioning
The recent surge in soybean prices can coincide with the expectation of a strong El Niño effect, damaging the soya crops. In 1998 and 2010, the El Niño effect led to a surge in soybean (SOYB) prices.
Latin American Markets Rise as Inflation Levels Ease in Brazil
Latin American markets were trading higher on July 9—taking cues from other emerging markets. Brazil’s inflation rate was released lower at 8.8% in June.
How Can Latin America Keep Up Inclusive Growth?
The Latin American (ILF) (EWW) economy contracted in the second half of 2015. The fourth quarter registered the biggest fall in six years.
Why Does Latin America Need to Improve Competitiveness?
In many Latin American (ILF) (ECH) countries, higher growth and development have been accompanied by loss of competitiveness and a decline in productivity.
How Mobile Banking Boosts Financial Inclusion in Latin America
World Bank data reveal that since 2011, more than 60 million people in Latin America have opened bank and mobile money accounts.
How Is Technology Connecting Lives in Latin America?
Statista data show that the mobile penetration rate in Latin America reached a new high of about 126% in 2015.
How Disruptive Innovation Is Changing Latin America
Changing demographics in Latin America are driving innovations. Young people, which account for 25% of the total population, are more likely to accept innovation.
Central Bank of Chile Keeps Rates Constant, Monitors Inflation Levels
The banking sector in Chile got a boost as Banco Santander Chile (BSAC) and Banco De Chile (BCH) rose by more than 1% on June 17.
What’s Driving China’s Copper Imports in 2016?
In May, China imported 430,000 metric tons of unwrought copper and copper products. Although imports fell 4.4%, they have risen more than 18% YoY.
Brazil’s Growth Story: Why Will It Accelerate?
Brazil (EWZ) (BRZU) is a favorite emerging market (EEM) (VWO) (EDC) for Mark Mobius. According to Mobius, there are tremendous opportunities in Brazil.
China’s April Copper Imports Fell: Should You Be Worried?
The YoY growth in China’s copper imports is a good sign for the global copper industry. Higher Chinese copper imports support copper prices as well.
Could Record Chinese Copper Imports Support Freeport-McMoRan?
China’s copper imports seem to defy any slowdown fears in the country.
Argentina Offers Higher Earnings at Lower Prices
Earnings growth in Argentina remains unmatched compared to its peers. Over the past two years, we’ve seen its forward earnings per share rise by over 50%.
How China’s Economic Slowdown Stands to Impact Chile
With its large amount of copper resources, Chile accounts for over a third of global copper output. Copper accounts for about 55% of all Chilean exports.
Could Latin American Markets Extend Gains as Commodities Rallied?
Critical Latin American indexes were trading on a positive note March 1. The Brazilian index, the BM&F BOVESPA, rose 2.0%.
How Were China’s Copper Imports in January?
Looking at copper import data, Chinese copper demand is not as weak as many are expecting.
Chilean Peso Rallies as Central Bank Keeps Rates Unchanged
The Chilean peso gained against the US dollar on February 12 on the back of the unchanged monetary policy by its central bank and a surge in commodities.
Chilean Peso Fell: What Does Inflation Have to Do with It?
The Chilean peso gave away losses against the US dollar on February 8, 2016. Inflation rates increased beyond expected levels in January.
Chilean Peso Falls on Weak Economic Data
The Chilean peso depreciated against the US dollar on January 29, 2016, as reports indicated that copper production fell 5.5% in December 2015.
Chilean Peso Falls On Mixed Domestic Data
The US dollar to Chilean peso currency pair, inversely related to the Chilean peso, was trading on a positive note on December 7, 2015.
An Investor’s Guide to Glencore’s Key Operations
Glencore (GLNCY) is among some of the most diversified natural resources (GNR) companies. Its operations span around the world.
Copper Resumes Downside but Manages to Hold Crucial Levels
On September 25, spot copper closed at $5,098 per metric ton on the London Metals Exchange. Copper prices had hit their six-year closing low of $4,888 per MT on August 24.
The High Correlation between the Chilean Peso and Copper Prices
Any variation in copper demand or supply directly affects the value of the Chilean peso against the US dollar.
Copper’s Long-Term Outlook Looks Better
Most analysts have long-term positive views on copper. Copper does not face massive overcapacity like iron ore and steel.
Would Supply Disruptions Lend Support to Copper Prices in 2H15?
Copper prices are testing their six-year lows. Copper miners such as Freeport-McMoRan and BHP Billiton are now rethinking their business plans to tackle the low commodity price scenario.
China’s Refined Copper Production Increased 6% in May
In the last four months of 2014, China’s refined copper production averaged more than 700,000 tons. This sent inventory surging.
Copper Production in Peru, Chile Falls in First 3 Months of 2015
According to the World Bureau of Metal Statistics, Peru’s refined copper production declined in the first three months of the current year.
China’s Refined Copper Production Increased 4% in April
China produced 607 thousand tonnes of refined copper in April. Although the copper production in April increased on a YoY basis, it declined compared to March.
Copper Production Will Be Affected by Unions’ Strike in Peru
Peru’s refined copper production declined over the last few years. Peru was the world’s second largest copper producer in 2007. Currently, it’s ranked third.
Chilean Refined Copper Production Falls to 2-Year Low
On a year-over-year basis, Chilean refined copper production fell by more than 1%. Incessant rains causing flooding are behind the decline in February’s copper production.