Without it, taxes on US companies with Chilean operations could climb to more than 44%, the business group said.

Glencore would hold a 9.99% equity interest in Stillwater upon completion of a private placement.

Even if more lithium mines are built, there are not enough facilities to produce specialized types of the metal for batteries.

Chief Financial Officer Arno Antlitz said the company remains open to eventually selling shares in PowerCo.

Jose Antonio Kast, who lost to Boric in the 2021 presidential election and aims to run again in 2025.

The innovative approach, rooted in fluid movement expertise, promises to unlock a new frontier in sustainable and localized lithium production.