Chileans flocked for a third time to withdraw money from their retirement funds this week, draining nearly $10 billion from the country's privatized pension system in a move some billed as a lifeline amid a fierce second wave of the coronavirus pandemic.
Copper bonanza challenge for top producer Chile
As the global economy starts to shake off the impacts of the Covid-19 epidemic and makers of electric cars and renewable energy systems clamour for copper, Chile stands to gain handsomely. But political uncertainties in the South American nation have some worried.
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In this file photo taken on February 25, 2021 A view shows copper sheets at Kola Mining and Metallurgical Company (Kola MMC), a unit of Russia s metals and mining company Nornickel, in the town of Monchegorsk in the Murmansk region. | KIRILL KUDRYAVTSEV / AFP
Even as copper prices hit a ten-year high this week, political events in Chile the world s main producer have raised questions about whether the country will be able to continue meeting rising demand.