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Brazil & Southern Cone - May 2023

Boric proposes statis lithium industry

Chilean President Gabriel Boric’s national address on 20 April was reminiscent of one of those historic moments of Latin American economic nationalism. Just as Getúlio Vargas in the late 1940s laid the foundation for the nationalisation of the hydrocarbon industry in Brazil with his famous phrase “the oil is ours”, so too dozens of other leaders addressed their nations as they created state-run companies for everything from copper to steel, and energy to gold.

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