Chile’s lithium plans not really ‘nationalization’ say experts
State-led production of the battery metal is seen by some analysts as a positive change, but likely years away.
State-led production of the battery metal is seen by some analysts as a positive change, but likely years away.
While it was well-telegraphed, Chile’s new model for lithium still surprised many investors.
"If we're honest ... the lithium produced in Canada is going to be more expensive, because we don't use slave labour," he said as as he discussed Canada's efforts to ramp up production of the critical metal
Enami has the rights to five lithium deposits in the Siete Salares area, with a collective net asset value estimated in $2.5 billion.
The world's second largest copper producer, Peru has a lithium exploration project in the region of Puno, on the border with Bolivia.
Across the world, nationalizing oil industries in particular has proved attractive as a means of cashing in on valuable raw materials and boosting development.
Nobian will contribute 161 million euros in cash as equity to fund capital expenses.
Chinese lithium carbonate ticked up 1.2% Wednesday, the first gain this year.
The company's 2023-2025 investment plan totals $3.4 billion, of which $1.4 billion was aimed at increasing lithium production in Chile.
Chile’s government is encouraging green hydrogen investment to harness the nation’s abundant solar and wind resources.