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Chile needs to finalize more lithium plan details to spur investment, miners say – ET Auto

Baua Electric

Industry players said they are seeking information on how contracts will be awarded by officials in the country that is the world’s second-biggest lithium producer and are worried about pushback from Indigenous communities and environmental campaigners. “This will pose a difficulty for attracting potential investors.”

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India to send teams to Chile seeking lithium and copper assets, source says – ET Auto

Baua Electric

India will send two delegations next month to Chile to scout for lithium and copper resources, a government source said, as rapid economic expansion and New Delhi’s efforts to speed up the energy transition stoke demand for critical minerals. Kantha Rao, the most senior official at the Ministry of Mines, said last week. USD 1 = 83.30

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Copper output at Chile’s Codelco set to rise this year, CESCO says – ET Auto

Baua Electric

That goal appeared realistic, said Jorge Cantallopts, head of the Center for Copper and Mining Studies (CESCO) in Chile, the world’s top producer of the red metal. That goal appeared realistic, said Jorge Cantallopts, head of the Center for Copper and Mining Studies (CESCO) in Chile, the world’s top producer of the red metal.

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Chile’s SQM updates shareholders over delayed Codelco lithium deal – ET Auto

Baua Electric

Chile’s SQM on Thursday told shareholders it pushed back a deadline for a lithium deal with state-run copper producer Codelco due to the “complexity of the negotiation,” including ongoing audits. The companies were set to announce final terms by March 31, but on Wednesday extended that deadline to the end of May.

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Protest ends at Chile’s lithium salt flats with promise of Boric visit – ET Auto

Baua Electric

The protest underscored a serious challenge to a plan by Chile, the No. Protesters agreed to end demonstrations that had blocked access to the Atacama salt flat in Chile , the world’s largest lithium deposit, with the promise of a visit by President Gabriel Boric. No timing was given for the visit.

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Chile’s SQM posts profit down 82% as lithium prices slide – ET Auto

Baua Electric

Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. Revenue for the period fell 58% to USD 1.31 billion, also lagging LSEG’s USD 1.35

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

“Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick.

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