Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
The head of Chile’s Corfo development agency said on Thursday he will launch a call for bids for projects making lithium products while accessing a preferential price “as soon as possible,” following a previous delay.
Chile is a major producer of the key battery metal.
Corfo had previously said it would launch the process in August but it was delayed due to a legal issue, according to Corfo chief Jose Miguel Benavente.
The chosen companies will have access to lithium at a preferential price produced by Albemarle, the world’s largest miner of the ultra-light metal.The firms would produce products including lithium derivatives used in electric vehicle batteries.
(By Fabian Cambero and Sarah Morland; Editing by David Alire Garcia)
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