In December, copper prices rose 3.1% over the previous month to an average of USD 3.61 per pound (equivalent to USD 7,949 per tonne), which contrasted the 4.4% decrease seen in November. The monthly hike came on the back of positive Chinese manufacturing data, which bode well for demand prospects for copper. In addition, the decision on 26 December by workers at Escondida, the world's biggest copper mine, to refuse a pay offer made by BHP Billiton - the mine's majority owner - put further upward pressure on prices, as it raised fears of a miners' strike in the coming months. Meanwhile, average copper prices rose 5.1% in annual terms in 2012, which contrasted the steep 17.5% drop seen for the full 2011.
Copper prices strengthen in December
December 31, 2012
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).