Codelco forms joint venture with Quiborax for lithium exploration
The partnership, called Minera Ascotan SpA, has an initial 34% stake for Codelco and 66% for Quiborax.
The partnership, called Minera Ascotan SpA, has an initial 34% stake for Codelco and 66% for Quiborax.
Projects like Savannah's in Portugal are seen as a key test of Europe's ability to produce lithium.
The Chinese company said it will offload as many as 3.57 million Class A shares.
The Chinese lithium giant revised its $375M convertible bond after Hong Kong rules were breached, raising the conversion price.
The piles were shut down by labor inspectors who warned of a "grave and imminent risk" to workers and the local community.
Australia’s hard rock lithium producers are already considering supply increases after spodumene prices more than triple in eight weeks.
The incentive plan proposes a 15% capital subsidy for eligible investments in lithium and nickel-processing projects starting on or after April 1.
The deal allows the firms to produce lithium in Chile's Atacama salt flat.
The project is managed by Codelco and Rio Tinto.
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