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CLP Firms On Higher Copper, Port Workers Stage Protests

CHILE
  • Chilean port workers began protests against the government's pandemic relief policies while mining unions have so far refrained from taking industrial action.
  • Supply anxieties have boosted copper prices by another 1.25% on the session as LME Copper makes a push for the $10,000 mark. The price bump supported the Peso yesterday with USDCLP retreating over 1% to 705.50.
  • Expect continued headlines surrounding the pension withdrawal bill while separately, Chile's finance ministry will present its 1Q 2021 Public Finance Report with growth and debt estimates for the coming years.

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