This comes at a time when signs have shown that the lithium market has been stabilizing after falling around 70% over the past year.

Chile initiated a policy last year to increase state control of the strategic metal needed in batteries for electric vehicles. 

The after-tax net present value (at an 8% discount) for Boardwalk is now pegged at $2.3 billion.

Wolfsberg is kicking off a two year construction phase, and has an agreement to supply BMW by 2027. 

While the bank’s base case is for a surplus of less than 40,000 tons, that may be in jeopardy if Jakarta’s approvals are slow.

US Treasury Secretary will see government officials including Finance Minister Mario Marcel and central bank President Rosanna Costa.

SQM, which is closely watched because it’s more exposed to spot prices than peers, sees stable prices in the short term and as is more positive after that.