Chile - Country Commercial Guide
Date of Publication
1-1-2023 12:00 AM
Security Theme
Strategic Competition
Keywords
Critical Minerals, Supply Chain Risks, Mining Trade
Description
Chile is the top copper producer in the world with 28 percent of global copper production and the world’s second-largest producer of lithium with a 22 percent share of world production. In 2020, the sector produced 5.73 million tons of copper and 70 thousand tons of Lithium Carbonate Equivalent (LCE) in 2019. Chile’s world copper market share is 28 percent, and its lithium production market share is 23 percent. The mining sector’s contribution to the country’s GDP was 11 percent and represented over half of the country’s total exports, and remains a key sector of Chile’s economy.
Chile - Country Commercial Guide
Chile is the top copper producer in the world with 28 percent of global copper production and the world’s second-largest producer of lithium with a 22 percent share of world production. In 2020, the sector produced 5.73 million tons of copper and 70 thousand tons of Lithium Carbonate Equivalent (LCE) in 2019. Chile’s world copper market share is 28 percent, and its lithium production market share is 23 percent. The mining sector’s contribution to the country’s GDP was 11 percent and represented over half of the country’s total exports, and remains a key sector of Chile’s economy.
