Chile Investment, how to invest in Chile, what to watch out for when investing, economic issues, currency exchange in Chile, and more.
- Rank: Chile Forum Citizen
- Posts: 363
- Joined: Fri Jul 25, 2014 4:12 pm
- Location: South Park, Patagonia
According to this article from Bloomberg, the recent rise in the price of copper is because China has cut their production not that demand has risen. So this may be temporary.
https://www.bloomberg.com/news/articles ... lts-plants
Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it.
allegedly said by Mark Twain
- Site Admin
- Posts: 17905
- Joined: Sat Aug 26, 2006 11:02 pm
- Location: Frutillar, Chile
Yea that makes no sense to me.
A Cut in the refinment of raw copper ore, causes a spike in the price.
I think it was an attempt by china to crash the price before the negotiation of next years ore contracts. It just did not have the desired effect.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com
From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.