BYD wins Chile lithium extraction contract
Green Car Congress
JANUARY 15, 2022
Chile’s Ministry of Mining awarded China-based BYD a contract to extract up to 80,000 tons of metallic lithium. The other lithium extraction contract, also for 80,000 tons, went to Chile-based Servicios y Operaciones Mineras del Norte SA, for an offer of US$60 million. Among the losing bidders were Albemarle, which produces 19% of global lithium, and Chile’s SQM (17%). Until 2016, Chile was the world’s largest producer of lithium, with 37% of the market.