Latin America could re-enter a new commodity supercycle like the one that occurred in the 2004-2014 period, due to the restriction of the supply of many commodities due to environmental considerations.

This was indicated by the latest Ceapi study “Why Ibero-America”, where it is justified that, likewise, the vigorous economic and demographic growth in countries such as India will increase the potential of Latin American countries as a global alternative.

Currently, the region’s main opportunity for wealth is in its natural resources. The analysis indicates that the countries of Latin America are home to up to 85% of the world’s lithium reserves (a key mineral for the manufacture of batteries and on the rise due to the growing demand for electric vehicles) and have 40% of the biodiversity and 33 % of fresh water on the planet.

The study also highlights the rise of electronic commerce, the technology industry and food resources as “spearheads of regional economic growth.” Likewise, the report maintains an important focus on the role that Ibero-American companies play in order to achieve all the potential opportunities that the region currently has.

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Source: dpa

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