Their partnership is expected to start in 2025 and run through 2060, with Codelco overseeing general management as of 2031.

Researchers at Canada’s McGill University unlocked the potential to produce batteries using more sustainable and less costly materials.

The arrangement would see Codelco take a majority stake in SQM’s Atacama salt flat assets in exchange for 30 more years of operations.

If it could be extracted with complete efficiency, lithium from the wastewater of Marcellus shale gas wells could supply up to 40% of the United States demand.