- Write by:
-
Tuesday, May 24, 2022 - 12:58:32
-
360 Visit
-
Print
Mining News Pro - Chile’s government, which has pledged to establish a state lithium firm to develop the ultralight battery metal, hopes to establish a model for the company by the end of the year, mining minister Marcela Hernando told local paper La Tercera on Sunday.
The South American country is the world’s second-largest producer of lithium, a key component for electric car batteries, with its domestic industry currently dominated by two private firms Albemarle Corp and SQM.
However, the government of new leftist President Gabriel Boric, like administrations in Mexico and Argentina, is keen to get more closely involved in the booming market for lithium, which has seen prices soar over the last year.
Hernando said a specialized group was being formed to define the best design to operate the company.
“We hope to have the proposal for how this company will be as an institution and the business model in which it will operate before the end of the year,” she said.
The minister reiterated that the government was open to the participation of private capital in the firm, although with the State as the main shareholder.
President Boric, who came into office in March, said during the election campaign that Chile should not commit the “historic mistake” of privatizing its resources again and reiterated his interest in creating the company for the development of lithium.
Hernando added that lithium would not be included in the plans to apply a mining royalty, as part of an ambitious tax agenda promoted by the government.
“The evaluations we have made is that it is very complex since lithium is an industry that is not very mature,” she said.
Short Link:
https://www.miningnews.ir/En/News/621409
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another ...
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds ...
Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s ...
Undeterred by slumping profits, China’s lithium giants are planning to grab a bigger slice of the market.
No comments have been posted yet ...