President Gabriel Boric announced a plan Thursday to require private companies take Chile’s government on as a partner in the extration of lithium, which is in high demand around the world for use in electric batteries. Boric, who spoke on a national media network, said the state will participate in the entire lithium production cycle…
Chile s plan for state control in lithium dismays business - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level. Boric outlined.
The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between competing interests.P
'Nuestro desafío es que el país se transforme en el principal productor de litio del mundo', dijo el Presidente trasandino en cadena nacional. El Estado también tendrá participación mayoritaria en los proyectos estratégicos.