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Codelco Is Said to Near Buyout of Australia s Lithium Power
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Codelco is said to near buyout of Australia s Lithium Power
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Codelco is said to near buyout of Australia s lithium power
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State-owned Codelco has been tasked to lead the initiative to kick-start Chile's lithium industry as demand is set to boom with the uptake of electric vehicles. Chile in April had announced plans to nationalize its lithium industry through a model in which it would hold a controlling interest in all projects, partnering with mining firms. Lithium Power owns Chile's largest permitted brine project Maricunga, among other projects in Pilbara, Western Australia and Argentina.
Codelco in talks with Australia s Lithium Power
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