(Bloomberg) Chile rejected the second proposal for a new constitution in as many years, prolonging uncertainty and highlighting the failure of the nation’s political system to channel social discontent into a new set of basic laws.Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press OnCanada to Announce 2035 All-EV Sales Mandate, Reports Say‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesDimon’s
(Bloomberg) Chileans are heading to the polls in a second attempt to approve a new constitution and move past the period of political and economic uncertainty set off by the charter’s rewrite four years ago.Most Read from BloombergNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press OnMike Johnson May Be the Next House Speaker to Lose His Job‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesUS Navy Shoots Down 14-Drone Wave as Shippers Avoid Red SeaWall Street’s China St
The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM and Albemarle as it seeks to boost state control. Chile's government under President Gabriel Boric this year announced plans to only allow public-private partnerships for lithium contracts, and appointed state run copper producer Codelco to negotiate with SQM and Albemarle, the only producers in Chile of the light metal used for electric car batteries. Codelco expects to reach a deal with SQM by the end of the year ahead of the 2030 expiration of the company's contract, but details about what the agreement could entail are scarce.
Javier Milei will on Sunday be sworn in as Argentina's president, as the country steels itself for harsh spending cuts and economic reforms aimed at curbing rampant inflation. Milei has warned that it could take between 18 and 24 months to bring the country's inflation under control, warning of months of rising prices coupled with economic stagnation.
United Nations Secretary General Antonio Guterres will travel to Antarctica this week with Chilean President Gabriel Boric to observe the impact of rising temperatures caused by climate change on the continent, he said on Monday. "Scorching temperatures mean Antarctic ice is melting ever-faster, with deadly consequences for people around the world," Guterres told reporters. Guterres and Boric will be in Antarctica from Wednesday to Saturday, subject to weather conditions, the U.N. communications office in Chile said.