AGP Executive Report
Last update: 12 minutes agoCopper & lithium market pulse: Copper kept climbing after May’s surge, with Chile’s April output down 13.8% year-on-year to 399,954 tons, adding pressure to supply as UBS flags a 520,000-ton deficit and prices potentially reaching US$14,000/ton by September and US$15,500/ton mid-2027; Mining & logistics: LATAM Cargo launched a new weekly Frankfurt–Antofagasta freighter link aimed at northern Chile’s mining supply chain, cutting transit times versus routes via Santiago; Regulatory risk for mining: Chile’s environmental court struck down key parts of Collahuasi’s expansion approval over Indigenous rights and marine impact concerns, sending the review back for further analysis; Clean power investment squeeze: BlackRock-linked Atlas Renewable Energy paused about US$1 billion in Brazil projects after grid operator rejections and curtailments of 15%-25%, a problem also hitting Chile and other markets; Demographics watch: Chile’s birth rate fell to a historic low, with total fertility dropping below one child per woman (0.99 in 2025), raising long-term population replacement concerns; Trade & investment: Argentina moved to apply to join the CPTPP, seeking new market access as it advances other trade deals.
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