As global demand for critical minerals accelerates, the sector’s ability to respond continues to be shaped by slow processes and a strong dependence on each country’s regulatory frameworks. This was highlighted by Jorge Gómez, CEO of Compañía Minera Doña Inés de Collahuasi, who will participate as a speaker at the upcoming World Mining Congress (WMC) 2026.
Drawing on his operational experience in Chile, one of the world’s leading copper producers, Gómez emphasized the “inelasticity” of mining supply. “We are slow to react and belong to an industry that operates with a long-term perspective,” he stated in an interview with the Peruvian Institute of Mining Engineers (IIMP).
He explained that this condition contrasts with rapidly growing demand driven by electrification and technological development. In this context, he warned that a gradual supply deficit could emerge. “I wouldn’t go as far as saying demand will surpass supply, but it will certainly put pressure on it. And it may become a deficit that increases over time,” he noted.
He also underscored the need for public policies aimed at expediting permitting processes. “Peru and Chile, two of the world’s largest copper producers, face the same challenge. We need permitting timelines established by law to be met,” he stressed in his remarks to the IIMP.
Bottlenecks in the value chain
The Collahuasi executive pointed out that geopolitical shifts are also a factor affecting the industry. “Today, for example, we are seeing fuel costs increase by around 25% to 30%,” he said.
Gómez also warned about a growing shortage of capacity to execute multiple projects simultaneously. “In Chile, we are already seeing a shortage of labor and engineering capabilities,” he stated, recalling past experiences where this led to cost overruns and project delays.
The challenges outlined by Gómez will be part of the discussions at the World Mining Congress 2026, where he will speak on the panel “Existing and emerging risks that could disrupt the value chain.” Attending this event will provide an opportunity to be part of the conversation shaping the future of the industry. The congress will take place from June 24 to 26 at the Lima Convention Center. Tickets are available at wmc2026.org.
