Juan Ferreiro

What we've seen across Latin America is the pendulum has started to swing toward the right.

In Chile, we had a recent election where Jose Antonio Cass easily won in a major landslide.

and basically he vowed to clamp down on crime and illegal immigration.

In Bolivia, a centrist was elected, and that was a really big deal because Bolivia has been ruled, mostly for the last 20 years, by a far-left movement.

Now you have Rodrigo Paz.

He's a centrist, but he has already said that he's going to open up Bolivia to investors.

Bolivia has the biggest deposits of lithium, which are crucial for electric vehicles and so forth.

And Chile too is very rich in minerals, particularly copper.

So we're going to see a lot of interest by U.S.

investors in those countries.

And we could end up seeing conservatives win power in Peru and in Colombia in 2026.