Track 9: Critical Minerals, Strategic Materials and Mineral Policy

●​ Treating copper production as a connected flow, not a series of hand-offs ●​ Actively identifying and eliminating waste, delays, and misalignment across the system Technologies already exist that demonstrate this potential. Real-time ore characterisation, such as sensing grade in the bucket, allows material to be routed appropriately, improving run-of-mine quality (Gorain, B. 2025). High-grade material can be prioritised for milling, while lower-grade sulphides are directed to leaching circuits. Chemistry can be dynamically adjusted, phase changes accelerated through improved maintenance and process control, and material handling optimised across the system. None of this is proprietary magic. Copper milling is not a secret. Yet the industry lacks a structured way to learn collectively. A shared, trusted institute of lessons learned, supported by a robust database from orebody through mining, processing, and smelting, could reduce repeat failures and accelerate performance across the sector. The challenge is compounded by structural constraints, including: ●​ Lengthy and uncertain permitting processes ●​ Growing public distrust and declining social licence ●​ Rising capital intensity and investment risk ●​ Acute skills and talent shortages Once a potential orebody is discovered, it enters a phase of study to ascertain its technical and economic viability and of course permitting. This can consume time, particularly as communities have high expectations concerning job creation, education, etc. Production is trending deeper and new orebodies are in remoter parts of the world, increasing both capital requirements and operating costs. Project and production risks increase lockstep with these trends, resulting in longer lead times for investment decisions. Talent is a critical constraint. Universities often teach what is academically interesting rather than what is operationally needed. Young professionals increasingly resist remote site-based roles. Cyclical hiring and firing erode institutional memory and prevent the accumulation of deep operational expertise. New models are required: regional mining schools, embedded co-op programs, industry-university partnerships, and place-based talent initiatives such as Rio Tinto’s mining school in Mongolia. Talent development must be treated as a long-term system investment. Copper supply is geographically concentrated. Countries such as Chile, Peru, and Australia will continue to play dominant roles, while political risk, permitting timelines, and social license increasingly shape delivery uncertainty. We cannot assume that all jurisdictions will contribute equally or reliably. At the same time, smaller and mid-tier companies play an 91

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