Reported 4 months ago
Codelco, a major copper producer, is set to enter the lithium market by acquiring a majority stake in SQM's Chilean brine assets through a new partnership. This move aligns with President Gabriel Boric's agenda for more state control in key lithium assets and boosting battery metal production. The deal will allow increased production at the Atacama operation, aiming to meet growing demand for lithium in the transition to renewable energy sources.
Source: YAHOO