Copper broke the barrier of $4 a pound for the first time in nearly 10 years. The metal began the week with a rise of almost 3% on the London Metal Exchange, reaching $4.1129 a pound, its highest since 1 September 2011. Analysts project that copper will continue to break records, and could even exceed it's highest record of $4.6031 per pound recorded on 14 February 2011.
KKR announced that it has entered an agreement with Telefónica to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile. Under the agreement, KKR will acquire a majority stake in Telefónica Chile’s existing fiber optic network and make that network open access through a newly established independent Chilean company with assets managed locally. Telefónica will hold a 40% stake in the business.
Tax revenues from the sale, lease and concession of state-held property ended 2020 on a high note. In the midst of the economic crisis generated by the pandemic, last year the Treasury collected just over CH41,988 million ($53 million). The Ministry of National Assets reported that this is an increase of 8.1% compared to the previous year.
According to the Chilean Exporters Association (ASOEX), due to the effects of the frontal system that affected Chile, there will be a 19.3% decrease in table grape exports, compared to last December's projections. The new projections show that for the 2020-2021 season there will be a total of 66,393,109 boxes of table grapes exported, which is equivalent to 8.2 kilos. Compared to the projections in December 2020, this new forecast reflects a decrease of 15.9 million boxes.