06-03-2019 from Mining .Com
Coldeco a major miner in Chile it seems is having some issues........
Chile's was on the hunt for private partners to help it mine its own lithium for the good of all Chileans, and take part in the global boom for the battery metal used to power electric vehicles.
Chile was supposed to contain half of the world's lithium
Dwindling support inside Codelco to prioritize lithium projects over copper, company insiders said, was compounded by legal and regulatory hurdles that stalled development of the company’s two flagship salt flats known as Pedernales and Maricunga.
Codelco's projects, once thought a shoo-in to boost global lithium supply and lower prices, have largely fallen off forecasts, and Chile has ceded its position as the world's top producer of lithium to Australia.
Over Supply ....methinks not
Cheersto all LONG holders
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