Santiago, Chile – During the World Copper Conference, top executives from mining companies operating in Chile raised concerns about disruptions to global supply chains due to rising trade tensions—particularly around potential U.S. tariffs on copper. At the same time, they called on Chilean authorities to speed up permitting processes to unlock critical investments.
Trade tensions and energy transition pressures
The intensifying trade conflict and protectionist policies are prompting companies to rethink their shipping and commercial routes. Iván Arriagada, CEO of Antofagasta Minerals, emphasized that the global energy transition—driving copper demand—could be undermined by these shifts. “These tensions could force a reconfiguration of copper’s international trade routes,” he said.
Investment-ready projects held back by red tape
Alejandro Tapia, president of Minera Escondida (BHP), noted that despite available capital and investor appetite, regulatory delays are holding up progress. “We have projects ready to go, but we need regulatory clarity and efficiency,” he stated.
Collaboration seen as key to navigating challenges
Executives agreed that stronger public-private partnerships and inter-company collaboration are essential. Rubén Alvarado, CEO of Codelco, stressed: “We need to generate scale and share knowledge. Competition has no place when it comes to the future of the country.”
Billions in investment at risk
More than US$13 billion in mining projects could move forward in the coming years—if the current bottlenecks are addressed. Industry leaders warned that delays risk weakening Chile’s leadership position in global copper production. “We can’t afford to lose our edge,” one executive said.
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