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Chile to consider public-private partnerships to develop lithium SANTIAGO: World No. 1 copper producer Chile will consider boosting the development of its lithium industry through public-private partnerships, though the state would retain control of the mineral, a government-funded commission said on Tuesday.With one of the largest lithium reserves on the globe, Chile is already the second-biggest producer of the mineral, which is widely used in products ranging from hybrid vehicles to smartphone batteries. Development of lithium has been stunted by a constitutional ban on concessions. Companies are allowed to rent lithium-producing properties, but the mineral never belongs to the firm. Special contracts for lithium production, however, are legally permitted."The National Lithium Commission proposes a public policy that would allow for the adequate productive development of the country's lithium industry through public-private partnerships, protecting the Chilean state's control of the mineral," the government said in a statement. According to the commission, global lithium demand is expected to jump to ...


CBOT corn near 2-week low on ample supplies, spreading CHICAGO: Chicago Board of Trade corn futures edged lower for the second straight session on Tuesday, pressured by ample supplies and as investors unwound wheat-corn spreads, traders said.Most-active CBOT March corn declined for the fourth time in the last five sessions and was near the lowest level in two weeks as traders continued to roll out of March and into May contracts.Traders were said to be selling off long corn bets and buying back short ...

CBOT wheat hits 3-month low in choppy trade; poor export demand CHICAGO: Chicago Board of Trade wheat futures fell on Tuesday for a fifth straight session, setting a three-month low on technical selling and poor export demand for US supplies, traders said.Trade was choppy at the CBOT, with values firming at times on bargain buying and a setback in the dollar, which in theory makes US grain more attractive to those holding other currencies.K.C. hard red winter posted the biggest losses of the three US wheat ...

Gold rises on soft dollar ahead of Fed policy statement NEW YORK/LONDON: Gold rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a US Federal Reserve policy meeting that may push back expectations for when US interest rates will start to rise. The Fed started its first two-day policy meeting of the year on Tuesday and investors expect it to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening. Spot ...

NY cocoa firms, in sight of one-year low, sugar eases LONDON: New York cocoa futures firmed on Tuesday but remained in sight of a one-year low as traders digested weaker than expected grind data, while raw sugar eased on chart-based selling, with a focus on the weather in top grower Brazil.Arabica coffee futures firmed, underpinned by a softer dollar, correcting up from Friday's six-month low despite forecasts for more rain in Brazil's coffee belt.New York March cocoa was up $3, or 0.1 percent, at $2,740 ...

Iron ore hits 5-1/2 year low on slowing China demand SHANGHAI/LONDON: Spot iron ore fell to a fresh 5-1/2 year low on Tuesday, on further evidence Chinese steel mills are cutting output, curbing demand for the raw material, and as low-cost producers increased output.China eliminated 31.1 million tonnes of steel production capacity last year, higher than expected, a senior official of the industrial ministry said, as Beijing seeks to ease overcapacity and improve air quality.Beijing has also set a target of eliminating 27 million tonnes ...

Gold rises on soft dollar ahead of Fed rate meeting LONDON: Gold edged up on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.The Fed starts its first two-day policy meeting of the year later on Tuesday and investors expect it to acknowledge the uncertain global outlook and stick to its promise to be patient on tightening.Spot gold was up ...


 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
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Arrow FTSE 6,810.60 0.22
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln