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Chile's export earnings fell 12 percent in November from a year earlier to $5.
3 billion, adding to
the worst upheavals since 1990, Chile's central bank said on Monday.
Violent protests, riots, arson and looting in Chile have left at least 26 people dead and private businesses and public infrastructure suffering billions of dollars in damage
for weeks.
The turmoil prompted the central bank last week to slash its growth, investment and demand forecasts
through 2020.
Not only that, but the bad news in Chile was made worse
by falling copper and lithium prices.
Chile is the world's largest producer of copper and the world's second-largest producer of lithium, both of which are vital and are the foundation of
electric vehicles.
In November, Chile's copper export revenue fell 8.
7% year-on-year to $2.
772 billion, while lithium exports fell nearly 6% to $67 million
.
Despite more than 50 days of protests, the country's copper mines have largely maintained their output
.
In October, Chile's copper export earnings were $2.
515 billion
.
Chile's export earnings fell 12 percent in November from a year earlier to $5.
3 billion, adding to
the worst upheavals since 1990, Chile's central bank said on Monday.
Violent protests, riots, arson and looting in Chile have left at least 26 people dead and private businesses and public infrastructure suffering billions of dollars in damage
for weeks.
The turmoil prompted the central bank last week to slash its growth, investment and demand forecasts
through 2020.
Not only that, but the bad news in Chile was made worse
by falling copper and lithium prices.
Chile is the world's largest producer of copper and the world's second-largest producer of lithium, both of which are vital and are the foundation of
electric vehicles.
In November, Chile's copper export revenue fell 8.
7% year-on-year to $2.
772 billion, while lithium exports fell nearly 6% to $67 million
.
Despite more than 50 days of protests, the country's copper mines have largely maintained their output
.
In October, Chile's copper export earnings were $2.
515 billion
.
