LKE towards TOP-5, page-10560

A very relevant post put up by @ShareStock2021 on another Company's thread.....

Chile’s Lithium Provides Profit to the Billionaires But Exhausts the Land and the People

https://countercurrents.org/2022/07/chiles-lithium-provides-profit-to-the-billionaires-but-exhausts-the-land-and-the-people/

Quotes: "“Do you know whose son-in-law is the lithium king of Chile?” asks Loreto, who took us to the salt flat to view these white sands from a vantage point. His response is not so shocking; it is Julio Ponce Lerou, who is the largest stakeholder in the lithium mining company Sociedad Química y Minera de Chile (SQM) and the former son-in-law of the late military dictator Augusto Pinochet (who ruled Chile from 1973 to 1990)."

"SQM and Albemarle, the two major Chilean mining companies, dominate the Atacama salt flat. It is impossible to get a permit to visit the southern end of the flats, where the large corporations have set up their operations."

"The companies extract the lithium by pumping brine from beneath the salt flat and then letting it evaporate for months before carrying out the extraction. “SQM steals our water to extract lithium,” said the former president of the Council of Indigenous Peoples of Atacameño, Ana Ramos, in 2018, according to Deutsche Welle."

"About a third of the world’s lithium comes from Chile. According to Goldman Sachs, “lithium is the new gasoline.”"

Worth re-posting here for LKE holders as well.