Antofagasta plc is a mining company that specializes in copper production. The company has several competitive advantages that differentiate it from its peers:

1. High-quality assets: Antofagasta has a portfolio of high-quality copper assets, including the Los Pelambres, Esperanza, and Zaldivar mines. These assets have long mine lives and low production costs, which gives the company a competitive advantage in the industry.

2. Strong financial position: Antofagasta has a strong balance sheet and a low debt-to-equity ratio, which gives it the financial flexibility to invest in growth opportunities and weather commodity price fluctuations.

3. Operational excellence: Antofagasta has a strong track record of operational excellence, with a focus on safety, efficiency, and sustainability. The company has implemented several initiatives to improve productivity and reduce costs, which has helped it maintain its competitive edge.

4. Diversified customer base: Antofagasta has a diversified customer base, with customers in Asia, Europe, and the Americas. This diversification helps the company mitigate the impact of regional economic and political risks.

5. Strong management team: Antofagasta has a strong management team with extensive experience in the mining industry. The team has a proven track record of delivering value to shareholders and managing risk effectively.