Raw materials partner Chile: More than just a supplier. How the EU should strengthen strategic raw material partnerships and leverage geopolitical dynamics

Inga Carry

No 26/2025, SWP Comments from Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs

Abstract: In summer 2023, the EU entered a strategic raw materials partnership with Chile. While the EU is seeking to gain better access to critical raw materials such as lithium and copper, Chile is aiming to diversify its raw materials sector and boost local value creation. Despite progress having been made in the scientific and technological spheres, industrial cooperation has so far fallen short of expectations. To fully realise the potential of the partnership, the EU should seek to ensure that its existing initiatives with Chile are more closely aligned and should make more effective use of synergies between raw materials, renewable energy and hydrogen. This will require stronger investment incentives for European companies. Given the new US trade policy, it is especially important that the EU underpins its partnership promises through concrete actions in order to demonstrate that it is a reliable partner.

Keywords: raw materials; Chile; EU; geopolitical dynamics; lithium; copper; industrial cooperation; partnership; renewable energy; hydrogen; mining companies; CODELCO (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:swpcom:319693

DOI: 10.18449/2025C26

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