Latin America’s economies: Life after the commodity boom

Posted: March 28, 2014 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

Rise of the robots

Fly Title: 

Latin America’s economies

Rubric: 

Instead of the crises of the past, mediocre growth is the big risk—unless productivity rises

Location: 

LIMA

Main image: 

20140329_AMP001_0.jpg

ONE morning last month Louis Dreyfus, a big commodity-trading house, formally opened a new $10m storage depot in the Peruvian port of Callao. Two of its six bunkers were piled high with 55,000 tonnes of fine brown dust covered by white tarpaulins—copper and zinc concentrate, awaiting blending and shipment. The warehouse is “a bet that Peruvian mining will continue to be competitive,” says Gonzalo Ramírez, a Dreyfus manager. That looks like a sound wager. Blessed with high-grade ores and cheap energy, Peru’s output of copper—already the world’s third-largest—will more than double in the next three years (see article), thanks to the opening of several low-cost mines.
But rather than …

via Economic Crisis http://ift.tt/1gw0N5e

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