General Discussion AGY, page-18695

What specifically happened in Chile?

The government nationalised - at the expense of LPI shareholders - what is probably the second best salar in the world through their whole owned subsidiary - Codelco.

It was only through persistent legal action and a somewhat opaque approvals pipeline that they were able to make a low ball offer, with no rival bids.

If anything, the Maricunga salar will be commercialised 3 times faster than if LPI were to try and raise the funds to go out alone, so in terms of global supply, it's a net positive outcome.

Of course there are likely Chinese interests at play in Chile, Chinese businesses (read: government) are decisive, influential (cashed up) and fast moving.