According to the Chilean economics report (June 2023) issued by the embassy of Japan in Chile, the latest situation in the country can be summarized as below: ①Economics The economic activity index in May recorded -2.0%. In the mining section recorded -7.5%.The mining production index in the same month was -9.2%, and copper production decreased […]
According to the Chilean economics report and the Chilean politics report of May 2023 issued by the embassy of Japan in Chile, the latest situation in the country can be summarized as below: Politics According to the Chilean ministries of finance and mines, parliament has approved a bill of mining royality, which will take effect […]
What is strontium carbonate? It is an inorganic compound with the chemical formula SrCO3 and has a crystal structure composed of strontium and carbonate ions. This compound is also produced as a natural mineral (strontianite), but is generally synthesized artificially from celestite ore. It is a white powder, almost insoluble in water, and soluble in […]
-What’s the mining royality? The mining royality is a series of special tax laws for large mining companies, that aims to promote economic development, fair and efficient collection of tax while increasing local resources by setting the maximum potential tax burden.Under these tax laws, the tax rate fluctuates depending on the sales and profits of […]
According to the regular report of economy April 2023 published by the Embassy of Japan in Chile, the latest situation in Chile can be summarized as below: Politics Chilean president Boric revealed the national strategy of lithium, and he explained “While guaranteeing their medium-to-long term sustainability, through a participatory process, we are planning to submit […]
According to information from a major vanadium manufacturer, the vanadium market (from March to April) hasn’t recovered due to the slump in Chinese real estate industry, and the price has been stagnating.Due to the tightened regulations, recovery of the real estate industry is delayed, that is a cause of the economic slump in China since […]
According to the regular report of economy (March 2023) published by The Embassy of Japan in Chile (department of Economy), the latest economic situation in Chile can be summarized as below.: The economic activity index for February recorded -0.5%. In the mining section recorded 0.1%.The mining production index for the same month was 1.7%, and […]
The embassy of Japan in Chile has issued the Chilean Political Situation Report and Economic Situation Report for February 2023. (Includes some data from the previous month.) Politics The large scaled forest fires that broke out in central and southern Chile at the end of January this year are attracting attention, along with the government’s […]
