Latin American Markets Mostly Higher, Lifted by Industrial, Consumer and Ag Stocks

By Staff,

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The Latin American markets are mostly higher despite moderate declines for energy and mining stocks today. Industrial, consumer and agriculture stocks are largely higher while financial stocks are mixed.

Here's where the regional markets stand this afternoon:

- Ibovespa up 198.59 (+0.3%) to 61,518.66.

- IPC (Mexico City) up 55.69 (+0.14%) to 40,394.39.

- Santiago Index IPSA down 22.12 (-0.5%) to 4,208.95.

- Merval Buenos Aires up 30.96 (+1.24%) to 2,531.75

In ADR news, SQM ( SQM ) has won a tender to develop a lithium concession in Chile, which produces around 40% of the metal, the Mining Ministry said on Monday.

Chile's SQM reportedly offered to pay around $40.6 million for a 20-year concession to beat several rivals, including Posco Consortium, made up of Posco Ltd, Mitsui & Co, Daewoo International Corp and miner Li Energy Spa, and Chilean miner NX UNO de Peine.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: SQM

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