State-owned mining company
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Facing governance review under new administration
Chile produces roughly a quarter of the world's copper and holds the largest lithium reserves on Earth. On March 11, 2026, José Antonio Kast was sworn in as president with a mandate to reverse his predecessor's state-led approach to these resources—scrapping plans for a national lithium company and opening the sector to broader private investment. The shift puts an estimated $105 billion in stalled mining projects back in play.
Updated 6 days ago
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