The Indo-Chilean Chamber of Commerce and Culture presents a summary of the week's most relevant news regarding the economic and commercial landscape in Chile. This includes the lithium market, international relations, and exports.
Chile's Lithium Market
The demand and production of lithium in Chile have experienced a decline, as reported by Revista Digital Minera REDIMIN. This decrease has had a significant impact on the market. However, despite this downturn, a report from the Chilean Copper Commission (Cochilco) projects a surplus of lithium in the country for the coming years. The report, titled "Lithium Market. Projection 2024 - 2025," covers various aspects such as demand, supply, production, exports, and the price of the mineral.
Chile's International Trade
The Undersecretary of International Economic Relations, Claudia Sanhueza, recently addressed the challenges of international trade at the UOH. The talk, titled "Chile and its Trade Policy," aimed to foster open and constructive dialogue about Chile's role in international commerce and the future challenges in exports. Sanhueza emphasized the objectives of the current trade policy and the ongoing agreements.
Chile's Exports to India
On a positive note, Chile's exports to India have seen a 53 percent increase, primarily driven by fruits, manufactures, and mineral products, as reported by Al servicio de la verdad. Key commodities include iodine, molybdenum, cellulose, and food items such as walnuts, apples, and kiwis. This upswing in trade is a testament to the efforts of ProChile, the foreign ministry's institution promoting the country's goods and services globally.
Economic Growth and Competitiveness in Chile
Economist Roberto Darrigrandi, in an interview with PortalPortuario, expressed concern over Chile's economic growth and competitiveness. Darrigrandi stated that Chile has not seen significant growth for the past decade and argued that the country's issues with productivity and competitiveness cannot be blamed on external global incidences. He emphasized the need for internal advancements and innovations, such as digitalization, to stimulate growth.
Source:
- La caída en la demanda y producción de litio en Chile: impacto en el mercado - Revista Digital Minera REDIMIN (Redimin.cl)
- Informe de Cochilco entrega proyecciones en torno al litio en el corto plazo - Mch (Mch.cl)
- Subsecretaria de Relaciones Económicas Internacionales abordó desafíos del comercio internacional en la UOH – G5noticias (G5noticias.cl)
- Superávit de litio en Chile se mantendrá en los próximos años - Revista Digital Minera REDIMIN (Redimin.cl)
- Aumentan en 53 por ciento exportaciones de Chile a la India – Al servicio de la verdad (Cronicadigital.cl)
- Roberto Darrigrandi: "Chile no crece hace diez años y no se puede culpar al mundo exterior" - PortalPortuario (Portalportuario.cl)