Codelco and SQM ink pact set to reshape Chile’s lithium sector
Chilean state miner Codelco and the world’s No. 2 lithium producer SQM struck a pivotal deal on Friday over a joint venture that will reshape the Andean country’s lithium sector and give the state a front-line role in developing the key electric vehicle battery metal.
The new entity will let SQM boost output through 2060 in the Salar de Atacama, one of the world’s most prized areas for extracting lithium.
Read more at: https://www.reuters.com/markets/deals/chiles-codelco-sqm-finalize-key-lithium-deal-2024-05-31/
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