Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

  • Juan Carlos Jobet, Chile’s mining and energy minister, has set out short- and long-term goals under the National Mining Policy 2050 (PNM 2050) of Sep 1. 
  • It is the first time the country has a long-term policy that marks the path of how to move forward. PNM 2050 has outlined economic, environmental, social, and institutional objectives. 
  • Goals include sustainable mining, a 20pc contribution target for mining in domestic GDP by 2030. Jobet also hinted at diversifying into non-copper products and doubling the annual investment in greenfield exploration compared to the average of the last 5 years. 
  • Targets for 2050 include maintaining a 28pc share of world copper production, reaching 9mn mt, and elevating productivity by 50pc.



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