CBC projects a 12% decline for 2020, reaching $16.89 bn

According to the latest report by the Capital Goods Corporation (CBC), a deepening of the decline in public and private investments is projected for this year, but are optimistic for an increase in 2021. In relation to this year, the report indicates that private and public investment will reach $16.89 billion, a figure that represents a decrease of 12% compared to 2019.

COVID-19: lithium production is expected to drop 20% in Chile

Due to the mandatory quarantine lithium projects in Argentina and Chile have halted, while significant investments have already been cancelled. According to English consultancy Roskill, lithium production is expected to drop globally by 110,000 tonnes this year, representing a loss of US $960 million. Production is expected to drop by 35% in Argentina and 20% in Chile.

Copper Explorer Hot Chili launches $9m capital raising

Copper Explorer Hot Chili is targeting its first recourse estimate for 2 projects in South America after announcing an oversubscribed $5 million placement and $3.9 million rights issue, with the majority of the funds going towards a drilling restart at the Cortadera project in Chile. Hot Chili is also looking to complete metallurgical testwork and a preliminary economic assessement for Cortadera as well as other projects.