China Tianqi seeks to increase its participation in Chilean lithium exploitation
The Chinese company Tianqi Lithium has released a statement anticipating significant transformations in the lithium industry in Chile. This forecast implies a shift from a market previously dominated by SQM and Albemarle to a more diversified environment with the entry of new global competitors. Tianqi, which holds a 22.16% equity stake in SQM, highlights the growth of new players in the lithium industry in Chile and expects this trend to continue in the coming years.
Chinese mafia network dismantled operating in Chile
In an operation against drug trafficking in Chile, the “Bang de Fujian” gang from Fujian, a coastal province located in southern China, was dismantled by Chilean authorities. The operation led by the Chilean Investigations Police (PDI) resulted in the capture of 21 Chinese citizens and the seizure of seven thousand marijuana plants, 11 safe houses for hiding weapons, 400 rounds of ammunition, four warehouses, and over 600,000 dollars in cash.
The Chilean Navy detects seven Chinese fishing vessels off the coast of Puerto Montt
A Navy aircraft detected seven Chinese fishing vessels operating within Chile’s Exclusive Economic Zone. The Commander-in-Chief of the Fifth Naval Zone, Commodore Alejandro Torres, specified that a P-295 aircraft from the VP-1 Aeromaritime Exploration Squadron identified the vessels about 320 kilometers west of Puerto Montt.
China strengthens its influence in Latin America through the energy sector
China is increasing its influence in the energy sector in Latin America, with Chile, Brazil, and Peru being the countries where its presence is concentrated in the power distribution market. According to data from Boston University, since 2000, Chinese development banks have financed nearly $10 billion in power generation and distribution projects in the region.
Minerva and high Chinese demand
Minerva affirmed that it will continue to meet Chinese beef demand through four slaughter units, three in Uruguay and one in Argentina. This follows a confirmed case of mad cow disease in the state of Pará in Brazil. Minerva, South America’s leading beef processor and exporter, present in Colombia, Chile, and Paraguay, assured that the strategy will prevent its market share from being affected as China is the largest importer of Brazilian product and has a protocol for suspending business in the event of cases of atypical Bovine Spongiform Encephalopathy, something that has already occurred in the past.
China adds road concession to Chile’s infrastructure portfolio
The Chilean government awarded China Railway Construction Corporation (CRCC) the second concession for the Chillán-Collipulli section of Route 5, for an investment of close to US$600 million, further expanding China’s presence in the infrastructure sector in the South American country. The concession includes the construction of a four-lane access road, the widening of 18 km of the existing road, the replacement of 14 bridges, and the repair of 48 others.
The Red Cross Society of China donates US$100,000 to help fight forest fires in Chile
China’s Red Cross has donated US$100,000 to the Chilean Red Cross to help areas affected by the forest fires that have ravaged the country’s south-central area. China’s ambassador to Chile, Niu Qingbao, made the announcement at a press conference at the Chilean Red Cross headquarters in Santiago, adding that the Chinese Embassy in Chile is collaborating with the Chilean Association of Municipalities to provide support.