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Fall in copper price leaves Chile reeling

Drop in revenues and lack of demand from China hitting all sectors of economy in world's leading producer.

Last Modified: 26 Apr 2013 21:08
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Chile's copper industry, the country's main source of fiscal revenue, is experiencing its lowest prices in twenty years.

The country is the leading producer and exporter of copper in the world, with China its biggest customer.

But now the Chinese appetite for the metal is waning, affecting every sector of the Chilean economy.

Al Jazeera's Lucia Newman reports from Santiago.

 

 

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Source:
Al Jazeera
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