Chile's benchmark S&P IPSA index closed 0.88% higher on Tuesday, finishing at 11,024 points.

The rally was primarily driven by firm copper prices, which provided immediate tailwinds for the mining-heavy index.

SQM-B, a major lithium producer, led turnover with a 2% decline, weighed down by persistent jitters regarding global lithium demand.

Despite the broad-based gain, sentiment remained mixed within the sector.

SQM-B, a major lithium producer, led turnover with a 2% decline, weighed down by persistent jitters regarding global lithium demand.

The divergence highlights the ongoing rotation between traditional industrial metals and battery-grade materials.

The index's advance extends a period of relative stability.