TLA Times | February 25, 2020
CHILE
Mining minister says copper prices will bounce back
Chilean mining minister Baldo Prokurica says in the Financial post he expects copper prices to bounce back after a slide caused by the coronavirus in China. China is the world’s largest copper consumer. The nation’s efforts to slow the spread of the disease have slowed business down. Prokurica says he expects the demand and the price to stay low for a month or two. Details
BRAZIL
Tesla seems to be interested in building a Gigafactory in Brazil
Inside EVs reports there are signs Tesla is considering a Gigafactory in Brazil. Nothing solid has been established. But the website did some sleuthing and found that a senior manufacturing engineer had a meeting with a congressman and government tech guy. They sent messages to the principals but received no confirmation. Brazil has been trying to get Tesla founder Elon Musk interested in opening a facility there for some time. Details
MEXICO AND BRAZIL
Mexico in talks to increase business ties with Brazil
Mexico is talking with Brazil about expanding cooperation and hopes to find some common ground, Reuters reports. Mexico’s Economy Minister Graciela Marquez calls Brazil’s economy “very closed.” Last spring Mexico was able to get better access for its auto industry in Brazil. Marquez says she believes there are several areas that make sense for the two countries to open up. Brazil’s foreign trade secretary, Marcos Troyjo, says his country is hoping for a broader deal with Mexico. Details
MEXICO
Pemex signs deals with firms in closed bidding process
Business leaders support raffle for presidential plane, AML says
President Andrés Manuel López Obrador says that 75 of the nation’s business leaders have paid $80 million in raffle tickets for the presidential airplane that has gone unsold, the Associated Press reports via the Daily Herald. The leftist president inherited the plane from his predecessor, Enrique Peña Nieto. AMLO said the Boeing 787 was too luxurious. But a custom plane with a small seating capacity and a suite for the chief executive has a limited resale market. It can’t be cheaply operated or cheaply converted into a regular passenger plane. Details
FUN IN THE SUN
Get centered by visiting the equator in Ecuador
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