1887

Economic Survey of Latin America 1966

image of Economic Survey of Latin America 1966

Published since 1948, this report examines various aspects of the previous year’s macroeconomic situation in the region and makes projections for the coming months. The study also includes country notes that review the performance of the main economic indicators in the period analysed.

English

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Mining

During the year 1966, levels of consumption of mining products remained high throughout the world. This led to the reduction of stocks, the sale of some of the United States’ strategic reserves, the opening of new mines and the rehabilitation of others formerly regarded as marginal because their operating costs were too high. At the same time, prospecting was more active and there was more intensive research on new techniques for the more efficient development of mineral resources. The market was influenced by political instability and social unrest and labour problems in some of the producer countries, military requirements—in particular those created by the hostilities in Viet-Nam—and the increase in consumption of mining products brought about by the expansion of industry, especially in the more advanced countries.

English

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