Repeating from the comments section:
This (natural and beautiful) question was previously asked and answered on this site. See Collapsible group words. It also appeared recently on math.se.
The question is not open, but this does not seem to be well-known. The exact minimum (which is roughly quadratic in $n$), as well as the number and structure of all minimizing elements, was determined in the remarkable paper "Brunnian links" by Gartside and Greenwood. A minimizing element is indeed given by iterated commutators of the generators.
I am not sure why this paper was overlooked by the Demaine et al. survey, given the date that paper appeared and the answers in the linked MO question.