The latest attacks on trucks in Chile, where 535 vehicles have been set on fire so far, have led the Federation of Truck Owners of the South (Fedesur) to approve an indefinite strike nationwide. According to a statement by the Federation of Truck Owners of the Fifth Region, this measure was taken due to "the continuous robberies, assaults, the defenselessness of the national transport and the general public, and the lack of clear and firm answers from the Government." This strike could greatly impact Chile's exports.
According to an investigation financed by the Inter-American Development Bank (IDB) and the Development Bank of Latin America (CAF), Chilean women are 18% less likely than men to have their loan applications approved. Male executives are the ones who most exercise these prejudices to the detriment of their clients, in a country like Chile where women earn on average 65% less than men with the same level of education. It is an animosity based on taste that, incidentally, causes financial institutions themselves to lose significant profits.
Chilean power company, Sociedad Austral de Electricidad Sociedad Anonima (SAESA), has signed a power purchase agreement (PPA) to procure up to 600 GWh per year from the Cerro Dominador solar complex. Cerro Dominador, the owner of the namesake photovoltaic (PV) and concentrated solar power (CSP) plant, said the eight-year PPA came into force on August 1 and will run until December 31, 2028.
U.S. pharmaceutical company Johnson & Johnson has added Chile, Argentina and Peru to the Latin nations where it plans to conduct Phase III trials for its vaccine against COVID-19. The study will involve 60,000 volunteers from Brazil, Chile, Colombia, Peru, Argentina and Mexico and will be coordinated by J&J's pharmaceutical unit Janssen and local academic centers.
The electric car industry will dominate demand for lithium over the next ten years. According to Cochilco, more than three quarters of the metal will be used in ultralight batteries by 2030, up from one third in 2019. Cochilco projects a rise in demand supply over supply would firm prices by 2025-2026.