Sumitomo Chemical has successfully completed the acquisition of four South American subsidiaries in Brazil, Argentina, Chile, and Colombia, owned by group companies of Nufarm, a leading Australian agricultural chemical company, through Sumitomo Chemical's wholly-owned subsidiaries in the region (Sumitomo Chemical Brazil for the Brazilian subsidiary and Sumitomo Chemical Chile for the others).
Day: April 3, 2020
Chile lithium projects hit by COVID-19
Two agreements that would have been finalised by July for Chilean lithium projects have been delayed due to the COVID-19 pandemic. Before the pandemic, Chilean authorities projected an increase in production of lithium carbonate from the current 96,000t/y to 232,000t/y by 2027.
Chile’s wheat and corn production expected to decrease 2.4% and 3%
Chile’s wheat and corn production are expected to decrease due to limitations imposed by droughts. Chile’s marketing year 2020-21 wheat production is forecast to decrease 2.4%, to 1.28 million tonnes. Chile's corn is also expected to be affected negatively by the drought, sinking its 2020-21 marketing year production by 3% to 837,000 tonnes.
Coronavirus: Chilean pension funds suffer losses of up to 16% in March
Chilean pension funds closed March with real losses of between 16.49% and 2.54% on their various asset classes. Funds A and B registered falls of 16.49% and 13.53% respectively. Fund C fell 10.20%, fund D lost 7.22% and fund E recorded a fall of 2.54%.
IPSA rebounds more than 4% to its highest level in three weeks
The Santiago Stock Exchange rose by 4.03% and climbed to 3,559 points, with this result the IPSA, which groups the 30 main companies in the country, reached its highest level since March 13.
