Chile, the world’s largest copper producer, is facing a period of economic uncertainty due to the possibility of additional tariffs on its exports to the United States. The US administration has been considering imposing new tariffs on copper imports, which could seriously affect the Chilean economy, since copper is one of the country’s main export products and a key source of income.
However, the Minister of Mining of Chile, Aurora Williams, is optimistic. While recognizing the challenges, it highlights that the global demand for copper, especially driven by the energy transition and the growing production of electric vehicles, maintains a positive outlook for the mining sector. Chile is betting on diversifying its markets and strengthening its presence in countries such as China and Europe.
Copper is essential for the manufacture of solar panels, wind turbines and batteries, which makes Chile a key player in the transition to clean energy. Despite the uncertainty, Minister Williams assured that the Chilean government is working on adaptation strategies to maintain its global leadership in the mining industry.
