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Chile contains some of the largest and highest quality lithium brine resources in the world. This soft, white metal is integral to lithium-ion batteries, which power electric vehicles. And with demand for EVs booming, Chile’s vast salt flats have become a vital national resource. Now, the Chilean President Gabriel Boric has released its long-awaited national lithium policy, which requires private companies to partner with the state to further develop the country’s lithium resources, ushering in a new era for the industry. There are two main producers of lithium in Chile, SQM and Albemarle. CNBC visited the Atacama Desert in Chile to see Albemarle’s lithium mine and processing plant to see what is next for the world’s largest lithium producer.
Chapters:
00:00 Introduction
03:04 – History of lithium in Chile
07:15 – Politics of mining
12:27 – Opposition and concerns
17:34 – What’s next
Produced, Shot and Narration by: Katie Brigham
Supervising Producer: Jeniece Petti
A commercial plane typically flies multiple times a day, thousands of times a year, for several years before updating the interior.
According to AeroDynamic Advisory and Tronos Aviation Consulting, the aircraft interiors was a 6.5 billion dollar business in 2022. The total seat market was $2.9 billion dollars, with new seats at $933 million and retrofitted seats at $1.39 billion. It projects the total interiors market to reach $8 billion by 2027.
Seats are a crucial part of an airline’s business. A typical narrowbody jet like a Boeing 737 or Airbus A320 has as many as 180 seats. And replacing them with brand new seats can be expensive. A more complicated seat with in-flight entertainment screen, power outlets, recline mechanisms is more costly.
Many airlines chose to refurbish or refresh the seats by stripping down the ones they already have in service or acquired from another airline or leasing company.
An airline may choose to refurbish seats versus replacing them based on a few fa