FOCUS: Chilean presidential candidates’ plans for the mining sector

Chile, the world’s largest copper producer, will elect a new president on December 17 in a runoff vote between conservative front-runner Sebastian Pinera and center-left candidate Alejandro Guillier.

Pinera, who was Chile’s president between 2010 and 2014, led the first round of the national elections on November 19 with 36.6% of the vote but failed to achieve the 50% needed to secure an outright victory. This has cast doubts over his prospects in the runoff vote.
Meanwhile, second-place Guillier achieved 22.7% of the vote, just over two percentage points ahead of left-wing candidate Beatriz Sanchez.
But no matter what the result of the vote in December will be, one thing seems sure: the prospects for the country’s economy are better now than when departing president Michelle Bachelet took office in 2014.
A key reason for that is the recovery in the price of copper, Chile’s main export.
Red metal prices on the London Metal Exchange have risen by approximately 25% in 2017.

Published

Danielle Assalve

November 24, 2017

03:26 GMT

São Paulo