Resistance will restrict Ecuador mining growth

Significance

This builds on efforts by former presidents Rafael Correa (2007-17) and Lenin Moreno (2017-21) to develop the sector. Liberal economic reforms under Lasso have fostered investment. However, local opposition to industrial mining is strong and could hinder development.

Impacts

• Anti-mining politicians and parties will probably perform well in areas with industrial mining projects in the 2023 local elections.
• Plans to expand oil exploration and production in the Amazonian region will further undermine Lasso’s environmental credentials.
• High prices may draw Lasso’s attention more towards the oil sector in the short term but will not curb his mining ambitions.