Latin America- News
Brazil
Brazil Economy
Brazil's central bank cut rates at a third straight meeting on Wednesday and left its next steps open, acknowledging a tougher inflation outlook and risks from election-year fiscal stimulus.
The bank's rate-setting committee, called Copom, unanimously voted to lower its benchmark Selic rate by 25 basis points to 14.25%, a level last seen in May 2025
Peru
Peru Economy
Peru's economy expanded 3.73% in April from a year earlier, data from the government's INEI statistics agency showed on Monday, exceeding expectations as nearly all sectors posted growth.
April's reading came above the 3.55% increase forecast by analysts polled by Reuters and compared with a 3.21% expansion in March.
Chile
Chile Economy
The Central Bank of Chile lowered its 2026 economic growth forecast to a range of 1% to 1.75%, down from 1.5% to 2.5%, citing a weaker-than-expected first quarter driven by sluggish mining and agricultural output.
Meanwhile, year-end inflation is projected to reach 4.2%, though interest rate cuts remain likely.
Latin America- Copper Mining-Chile
Escondida
Located in the Atacama Desert, it is the largest copper mine in the world by production volume. Jointly operated by BHP and Rio Tinto
Santiago: 10.00 AM: The country's refined copper output surged by 8% year-on-year to 14.72 million tons in 2025. WIRE Report.
Antofagasta: 10.20 AM: BHP submitted environmental permits for a new concentrator plant. Slated to produce 220,000–260,000 tonnes of copper annually, the facility aims to replace the Los Colorados plant nearing the end of its life. WIRE Report.
Antofagasta: 11.30 AM: Trade unions members are talking to renew the January-2026 protest again as BHP management meets for solution. WIRE Report.
Codelco
Codelco (Corporación Nacional del Cobre de Chile) is a state-owned Chilean mining company and the world's largest copper producer. Headquartered in Santiago, it accounts for a massive share of global copper reserves.
Santiago: 11.00 AM: The Chile Copper production drops in May by 12.9 YoY to 423,623 MT in May, a 13.8 decline from last month. WIRE Report
Santiago: 11.36 AM: Anglo American plc (“Anglo American”), through its 50.1%-owned subsidiary, Anglo American Sur S.A. (“AAS”), and Codelco, announce the completion of the definitive agreement to implement a joint mine plan for their respective Los Bronces and Andina copper mines in Chile.
The joint mine plan is expected to unlock 2.7 million tonnes of additional copper over a 21-year period, delivering an average of 120,000 tonnes per year. WIRE Report
EL Teniente
Located south of Santiago, a vast underground copper mine owned by Codelco,it is one of the top ten largest copper operations.
Santiago: 10.00 AM: WIRE Report
Latin America- Copper Mining-Peru
Cerro Verde
Located near Arequipa in southwestern Peru, this open-pit mine has one of the largest copper and silver reserves on the planet
Lima: 9.00 AM: WIRE Report
Antamina
An huge open-pit copper and zinc mine in the Andes, co-owned by major mining conglomerates including BHP and Glencore
Lima: 9.00 AM: WIRE Report
Las Bambas
Located in the Apurímac region, this $10 billion investment operates as one of the largest mining projects in Peru, spearheaded by MMG
Lima: 9.00 AM: WIRE Report