Article

Chile has introduced its National Critical Minerals Strategy to position itself as a reliable supplier of critical minerals amid rising global demand. The strategy, revealed towards the end of President Gabriel Boric's term, identifies 14 critical minerals: copper, lithium, molybdenum, rhenium, cobalt, rare earth elements, antimony, selenium, tellurium, gold, silver, iron ore, boron, and iodine.

It categorizes these minerals into three groups based on current production status and market position. Group A includes minerals where Chile holds significant global shares; Group B includes those with limited or no production; and Group C encompasses minerals already extracted domestically.

Industry experts express skepticism about the strategy's potential impact on production increases, citing a lack of concrete actions and institutional challenges. The strategy aims to enhance Chile's role in the global energy transition and promote responsible sourcing, with a focus on transparency and stakeholder engagement.