Chile's Potential in Lithium, Copper, and Green Hydrogen Attracts Investors
Key Ideas
  • Chile has become a hotspot for investors due to its potential in lithium, copper, green hydrogen, renewable energies, and the digital economy.
  • The country is fostering public-private partnerships in the mining sector, with 88 proposals received from 54 companies for projects in salt flats.
  • Investment plans in copper have tripled for the period 2024-27 despite increased taxes, and there is a strong focus on energy storage projects exceeding US$1bn.
  • The government is investing over US$1bn in green hydrogen and digital economy projects, aiming to position Chile as a key player in the global energy transformation.
Chile is emerging as an attractive destination for investors interested in lithium, copper, green hydrogen, renewable energies, and the digital economy. The country has established a solid foundation for public-private partnerships, with significant interest from companies worldwide. Plans for increasing lithium production through joint ventures and entirely private projects are underway, alongside efforts to protect 30% of salt flats as preserved areas. Despite a new mining royalty increasing taxes for copper producers, investment plans in the sector have tripled for the upcoming years. Additionally, Chile is focusing on energy storage projects worth over US$1bn and large investments in green hydrogen and digital economy initiatives. The government's proactive approach includes promoting the construction of data centers, underwater cables for improved connectivity, and an action plan to position Chile as a key supplier for the global energy transition. Stakeholders at the Council of the Americas event in Santiago expressed confidence in Chile's stability and its potential to contribute significantly to the energy transition. Challenges such as advancing in technologies and improving social perception towards mining were also acknowledged, emphasizing the importance of social legitimacy and competition awareness to enhance the country's position in the global market.
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