Codelco and Enami, two state-owned world largest copper producer in Chile, are in discussions to produce lithium resources in a nation that has the largest deposits of the battery metal in the world.
Since it will take “some years” to establish a separate national lithium firm. Top copper supplier Codelco & Enami, which offers services to smaller & medium-sized manufacturers, will represent the state in fresh lithium projects, according to mining minister Marcela Hernando.
The left-leaning government of President Gabriel Boric anticipates releasing its eagerly anticipated lithium growth plan this week. In which private businesses will collaborate with the government on new projects. Additionally, a measure to create the state lithium firm will be presented this week to Congress.
But until then, Codelco & Enami will launch a new joint-venture model.
Hernando stated on Monday from the fringes of an industry gathering in Santiago that “each firm has had meetings and some confidential contracts have been signed.”
She added that discussions are distinct from Codelco’s lithium research at the Maricunga salt flat and that some potential projects have previously been the focus of investigation.
While attempting to increase tax income, protect the environment. And expand downstream operations, Chile is also attempting to entice private investments to the business. Currently, only 2 companies— SQM & Albemarle Corp.—can produce anything from a single, massive salt flat.
At the same time as demand for the essential component of EV’s batteries is increasing. The country is decreasing market share.