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IPFS News Link • Mines and Mining

Chile Stuns Markets And EV Makers By Nationalizing Lithium Industry Overnight

• arclein

Future lithium contracts would only be issued as public-private partnerships with state control, he said, hoping to extract far more profits from lithium demand by EV giants such as Tesla and well, everyone else these days. The government would not terminate current contracts, but hoped companies would be open to state participation before they expire, he said, without naming Albemarle and SQM, the world's No.1 and No.2 lithium producers respectively. In other words, they can volunteer to hand over control of their assets. SQM's contract is set to expire in 2030 and Albemarle's in 2043.