According to SMM, Alejandro Tapi, the head of Escondida, the world's largest copper mine, stated at a Chilean investment conference held in New York on Thursday that Chile needs to make greater changes in regulation and law to promote investment. Chile is the world's largest copper producer, accounting for nearly a quarter of global copper supply in 2024. Miners have complained about the country's lengthy and delayed regulatory procedures. With declining ore grades in the country and increasing global demand, substantial investment is needed to boost production and help offset the global shortage.