Who exploits lithium in Chile?

Photo illustration: Unsplash (Pedro Henrique)

Chile ranks second in the world when it comes to lithium exploitation. The authorities of this country see “salvation” in lithium and hope that the increase in production, currently the most popular ore in the world, will help in the development and progress of the country, as well as in increasing market share. At the same time, they aim to dethrone Australia, which is the world’s largest producer of lithium.

In order to fulfill the set goal, in October 2021, they offered new contracts for the exploitation of the world’s largest lithium reserves. It was said then that the companies that win the tender get seven years for research and development of the project and 20 years for production.

A few months later, news came from Chile that the two companies had met all the conditions and won the tender and could exploit lithium for a total of 121m euros.

According to world media, the company “BID Chile SpA” from China won the tender for 61 million euros, while the other company “Servicios i Operaciones Mineras del Norte SA”, which was founded in Chile, won the second tender for 60 million euros. Each of these companies can exploit 80,000 tons of lithium.

Whether and how lithium will be mined in this country remains to be seen, because serious changes are taking place. Namely, at the end of 2021, the citizens of this country succeeded in forcing the Government to include them in writing the new Constitution. It took them a long time to get involved in compiling such an important document, which will, among other things, determine the future of lithium and limit the work of the mines that exploit it.

Milica Radičević

Source: Energetski portal Srbije by www.energetskiportal.rs.

*The article has been translated based on the content of Energetski portal Srbije by www.energetskiportal.rs. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!