Chile in ‘afterglow’ of copper boom, Nomura exec says

Apr 30, 2013 | 11:24 AM | Andrea Hotter

Tags  copper boom, Nomura, Tony Volpon, Society for Mining Metallurgy and Exploration, mining finance, Andrea Hotter

NEW YORK — The Chilean peso is benefiting from the "afterglow" of the commodity boom due to the country’s strong mining investment cycle, according to a Nomura Securities International Inc. executive.

The peso would usually have weakened, given its close correlation to copper prices, which have been falling, but this has not happened, Tony Volpon, head of emerging markets research Americas at Nomura, told delegates at the Society for Mining, Metallurgy and Exploration’s mining finance conference in New York. "Chile has a very strong foreign direct investment (FDI)....

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