https://newsletter.mw.creamermedia.com
Copper|Energy|Power|Operations
Copper|Energy|Power|Operations
copper|energy|power|operations

Codelco and SQM announce final lithium agreement

31st May 2024

By: Reuters

  

Font size: - +

SANTIAGO - Chile's State copper producer Codelco and lithium company SQM have agreed to a final deal to create a joint venture for lithium production in the Salar de Atacama, both companies said in statements on Friday.

The deal will grant majority control to Codelco, a core element of President Gabriel Boric's strategy to boost government production of lithium, which is a key material for most batteries that power electric vehicles.

"Just as we have contributed to making Chile the world leader in copper production, we will now contribute to making our country a leader in the production of lithium, another mineral critical to the energy transition," Codelco chairman Maximo Pacheco said in a statement.

He added that the partnership must still go through several more steps before going into effect.

The deal, which was originally outlined in December, is set to begin in 2025 and run through 2060, with Codelco overseeing general management as of 2031.

It will encompass current SQM operations in the Atacama salt flat, one of the world's most prized areas for lithium extraction.

Edited by Reuters

Comments

 

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council optimistic about ongoing MPRDA review
13th December 2024 By: Marleny Arnoldi
Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.097 0.171s - 128pq - 2rq
Subscribe Now