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The last few years have seen a drastic transformation of the dynamics in Latin America’s petrochemical and chemical industries. The shale gas revolution in the United States, and the subsequent investment wave that followed, is already generating sizeable flows of product toward Latin American markets. While regional demand is expected to remain solid, Latin America’s petrochemical industry has not been able to develop accordingly due to a variety of factors including political and economic instability, the volatility of oil and gas prices, and infrastructure bottlenecks.

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The region has resources and a growing demand, but faces political and infrastructure challenges.

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MACIG

Mark Bristow

CEO, BARRICK GOLD

"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."