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Chile’s Attempt to Restrict Private Ownership of Key Mining Assets Fails

LATAM
  • Brazilian FGV CPI IPC-S data came in broadly inline with forecast, at 0.83% vs. Exp. 0.82%. The continued workers strike at the Brazilian central bank has prompted the bank to suspend the release of the bank’s weekly economist survey.
  • Peru’s mining minister stated that the country should declare lithium a product of national interest, meaning lithium would be regulated outside of the general mining framework.
  • Elsewhere, a proposal in Chile to restrict private ownership in the country’s lithium and copper deposits failed in a constitutional convention vote on Saturday. Some of the items that failed to gain two-thirds backing will go back and could be modified in an attempt to gain further support ahead of this week’s deadline. This marks the third failure of the package to go through the lawmaker approval process.

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