BASE METALS

Right wins Chile's first round

Chile's right has edge going into run-off

 Jose Kast (left and Gabriel Boric (right)

Jose Kast (left and Gabriel Boric (right)

The two were the leading candidates in pre-election surveys and with the country's centre right obtaining 50% of the Senate, suggests Chile is not prepared to move to the extreme left despite the country being in the grip of the most significant political polarisation for 50 years, the last time the extreme left won the presidency.

Boric faces an uphill struggle to win the December run-off given that the second placed candidate in the first round has never won the presidential run-off since the return to democracy in 1990. However, the former student leader obtained a significant share of the votes in the highly populated Metropolitan (31%) and Valparaiso (28%) regions.

"We are going to choose between freedom and communism, we are going to choose between democracy and communism. And we are stronger and we are going to show that in a democracy we are going to defeat that intransigent left," said Kast.

Chile's last Marxist president was Salvador Allende, elected in 1970 and who completed the nationalisation of the copper sector into state copper company Codelco before his assassination in September 1973 during a military coup which ushered in the dictatorship of Augusto Pinochet.

Among the proposals of Boric, is the creation of a state lithium company.

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