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The economy of Chile suffers

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Q: When the price of copper goes down how does that effect the economy in Chile?
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How does the price of copper affect Chile's economy?

When the price copper goes down, the Chile economy also goes down. The Chilean economy relies heavily on copper; almost 20% of its exports and GDP is based on copper, so when it goes down, the economy is effected as it goes down.


What etf tracks copper?

There are three ETFs that I know of at the moment: 1. ECH - iShares Chile Index Fund. Chile is a major copper exporter and copper's price movements have an effect on the price of the index. 2. DBB - Power Shares DB Base Metal Fund. This ETF holds 1/3 each of copper, aluminum, and zinc. 3. JCC - DJ AIG Copper Total Return - This is the best pure copper play. http://ppttrader.com


Why has Zambia had difficult time establishing its economy?

Zambia has large copper resources and is one of the world's largest exporters of copper. However, it is very dependent on this resource, and when the price of copper goes down, the economy suffers.


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What is the selling price of copper concentrate?

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What is the price of copper per pound?

$ 4.34 per pound of copper. according to the world copper price market.


What is the price of scrap copper in Tennessee?

what is the price of scrap copper in the state of tennessee ??? $2.56


current scrap copper price in US?

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What is the ratio of silver to copper price?

The prices of silver and copper are always fluctuating. The price of silver is currently 0.67 USD / g. The price of copper is currently 0.0067 USD / g. The ratio of the price of silver to copper is 100:1.


Has the price for construction materials gone down since the economy has slowed overall construction?

The price of construction materials reflect the availability of the resources used to the make the materials. While the economy does effect production, an natural resources availability greatly affects cost.


Current price for scrap copper in mass?

The current price, as of May 2014, of scrap copper in the state of Massachusetts is $.70 per pound. The price of scrap copper fluctuates daily.