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.
(Reuters) - Codelco will undertake due diligence on Australia's Lithium Power International, the Chilean copper miner said on Thursday, but added that.
Miner and gold stocks drag Australian shares lower reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australian shares declined on Monday
in broad-based selling, as investors grappled with the prospects
of global interest rates staying higher for longer, while Qantas
Airways hit a near one-year low.
Australian shares were set to open
lower on Monday tracking the sharp sell-offs in global markets
after US Federal Reserve officials warned of the need for
further rate hikes to bring inflation under. -September 24, 2023 at 05:26 pm EDT
- MarketScreener