INVESTOR REPORT ANDEAN: Test of mettle
Chile and Peru both face the challenge of less voracious Chinese demand for copper – in addition to political and economic hurdles specific to their individual situations.
Chile and especially Peru remain among the select few
emerging markets which still excite international investors
after the emerging-markets rout. Those seeking to defend the
prospects for developing markets often point to Peru in
particular, with its healthy fiscal balance, and still strong
levels of GDP growth. Both countries, however, are dependent to
a large extent on mining, and by extension Chinese growth. In
recent years, copper prices have benefited from
China’s export-focused investment drive, but a
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