Chile to nationalise Lithium Industry, page-4

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thebarry111

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21/04/23

17:10

Post #: 67401250
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Originally posted by miccar96: ↑

Hitting the panic button may be a bit too premature....

This is an extract from an article from S&P Global Market Intelligence....(the link is below)....

"Chile hopes to unlock its lithium potential by forming a state-run mining company that will partner with private miners, in a shift away from the country's strategy of selling mining permits.

Chile has the world's second-largest lithium reserves behind Bolivia, yet trails Australia in production, according to S&P Global Market Intelligence data. The country has struggled to solidify additional foreign investment, closing its doors to new miners following political disputes and proposing dramatic shifts to public policy, including possible changes to royalties and water rights.

Analysts have been left wondering if the country will miss out on the lithium boom. Prices of the white metal are soaring and will likely further increase amid demand for electric vehicle batteries. Leftist President **riel Boric has proposed to extract Chile's lithium wealth through a state-run company that would invite foreign partners to become minority stakeholders, allowing Chile to maintain control of its resources while accessing critical foreign capital and expertise."
.......
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/chile-charts-new-course-for-lithium-with-proposed-state-owned-company-73712155

As always DYOR...

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Mate,

That article was from Jan 2023.

The above was announced today by the new president.

They will nationalise in 2030..... wonder if that gives enough time to get a return on the project?

Wonder if they can amend the terms of the deal........

See what management come back with, but does't look great.

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