Chilean miner SQM said it plans to produce as much as 70,000 tonnes of battery metal lithium in 2020 amid a drive to boost the volume it sells to China to 40% of its total sales, the company’s chief executive said on Tuesday.
Beneo is investing €50 million ($55.5 million) to expand the production of chicory root fibre at its factory in Chile, as it aims to meet the increasing demand for ingredients which support digestive health. According to Beneo, the €50 million investment project will expand production of chicory root fibre at the site in Pemuco, Chile by 20%, and the company anticipates that the expansion project will be completed by 2022.
Chilean fruit exports to the US reached $929 million, a drop of 10% compared to 2018. According to historical data from the USDA, Chilean fruit in the destination market has consistently come to be over a billion dollars, so the decrease marks the first time it has been lower than a billion in five years.
The Chilean government made its vessel tracking data publicly available through Global Fishing Watch (GFW), which tracks the movements of commercial fishing* vessels in near real-time. By publishing its data, anyone can now remotely monitor more of Chile’s commercial fishing vessels via GFW’s map platform in near real-time, for free.
The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, rose to 43.9 points in February from 40.7 points in January. Nevertheless, the index remained below the crucial 50-point threshold that separates pessimism from optimism among Chilean businesses.
The Norwegian Pension Fund, considered the world's largest sovereign wealth fund and which, according to its report, invests around US$ 800 million in Chilean companies, has announced that it will ask the companies in which it invests to regularly report more information - quantitative and standardized - on their environmental, social and governance policies.