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Latin American Commodities

The Economist magazine sees the possibility of Latin America’s becoming this century’s commodity superpower. It says:

Latin America is no stranger to supplying the world with raw materials, but it could be on the verge of a boom. Three forces are pushing the region to become this century’s commodity superpower. The green transition is increasing demand for metals and minerals that Latin America has in large supply, as well as the renewable energy to process them. The region already supplies more than a third of the world’s copper, used in wiring and wind turbines, and half of its silver, a component of solar panels. Its fertile land produces enough grain, animals, coffee and sugar to help feed a growing global population. Geopolitical tensions between the United States and China are causing countries to look fondly upon investing in a relatively neutral region.

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