Chile, Argentina, Bolivia and Peru on Friday signed a joint declaration to deepen cooperation on strategic minerals, positioning the region as a more reliable supplier for the energy transition.
The pact, signed in Valparaíso, Chile, outlines measures to enhance development, coordination and investment among the four nations, which collectively hold significant reserves of copper and lithium. The agreement seeks technical and financial support from multilateral institutions to accelerate project execution and sustainability standards.
Under the framework, the countries will launch joint public-private calls for research, innovation and institution-building projects focused on critical minerals. The initiative aims to streamline regulatory frameworks, improve infrastructure and foster knowledge-sharing across borders.
The declaration follows months of bilateral and multilateral discussions among the signatory nations, which account for a substantial share of global lithium and copper output. Analysts note the pact could reduce supply chain fragmentation and improve pricing transparency for buyers of transition minerals.
