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18 November 2010

CHILE: Riding Surging Copper And China's Needs Risks Dependency.

M.PRESS/SANTIAGO TIMES/
     All that glitters is not gold. Sometime it's copper.
     Chile has seen its dependency on copper surge to 55% of the nation’s exports in the second quarter of 2010 because of booming demand, especially from China and India.
      Experts would prefer to see a more diversified export mix for a safer, more stable economy.
    Chile's copper production in 1996 was 5.6% of Chile’s GNP, while today it is 16.3%.
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Labels: China, surging copper price
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