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Economy & Business - February 2026
CHILE: Miners’ enthusiasm eases as Kast snubs cabinet hopes
In theory, Chile’s miners should be a happy bunch. A business-friendly right-wing president-elect, José Antonio Kast, is to take office in March; prices for major Chilean export items – copper and lithium – have soared; and interest rates are projected to fall in coming months. And yet mining industry leaders, who are hoping the incoming government will help unleash a project pipeline worth over US$100bn, are wary they may be left out in the cold. Not only did President-elect Kast step back from his expected decision to appoint a top mining executive with years of industry experience as mining minister, but he also did away with the cabinet post altogether and merged it with that of economy minister.
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