Latin's flagship Lithium project is in Brazil, no concern for us.

First 13198 Last

Share
Profile

Follow
ciramak

283 Posts.

59

11/08/23

10:52

Post #: 69285943
Share

Originally posted by John1933 ↑

Chile’s leftist president rejects push for private
lithium concessions

Aug 11, 2023 – 5.43am

The Salar de Atacama near the Albemarle lithium mine in Chile. APnone
Santiago| Chile’s leftist president on Thursday said he would oppose a proposal from conservative leaders in Congress to allow private lithium concessions, arguing that his state-centred approach was the better bet.
Earlier this year, President **riel Boric pitched a sweeping reform that would ensure that future developments of the coveted battery metal remain firmly under government control.
The Salar de Atacama near the Albemarle lithium mine in Chile. APnone
“As long as I’m president, lithium will belong to all Chileans,” Boric said at an event in the capital Santiago. “That’s why we’re against this initiative.”
Chile’s is a leading global producer of the metal seen as key to the transition away from fossil fuels.
Under Boric’s April plan, future lithium contracts would only be issued as public-private partnerships under the government’s control.
Since then, Boric has suffered major legislative defeats in Congress, though his lithium reform largely does not require legislative approval.
Opposition conservative lawmakers who oppose Boric’s approach made the legislative proposal in a bid to eliminate a long-standing prohibition on granting concessions for lithium development.
Currently, mining industry giants SQM and Albemarle lead Chile’s production of the ultra-light metal used to make lithium-ion batteries for a wide variety of consumer electronics as well as future fleets of electric vehicles.
The projects operated by the two firms stem from lease deals overseen by state agency Corfo.
Chile originally reserved lithium developments to the government at a time when the metal was seen as primarily required for nuclear power plants.
The South American country was the world’s second-biggest producer of lithium last year, according to estimates from the US Geological Survey.
It forms part of the so-called lithium triangle with Argentina and Bolivia, which are together believed to hold more than half the world’s lithium resources.

Reuters

Is this good?

Expand

Latin's flagship Lithium project is in Brazil, no concern for us.

LRS Price at posting: 37.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

Talking Australia's very competitive property landscape: Realty Talks

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

MCT

Metalicity looking for offers on Admiral Bay zinc project

There are more pages in this discussion • 5,248 more messages in this thread...

First 13198 Last

Add LRS (ASX) to my watchlist

(20min delay)
Last 16.3¢		Change 0.003(1.56%)		Mkt cap ! $433.9M

Open	High	Low	Value	Volume
15.5¢	16.5¢	15.3¢	$1.378M	8.796M

Buyers (Bids)

No.	Vol.	Price($)
17	734953	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	1329590	34

View Market Depth

No.	Vol.	Price($)
14	744439	0.160
13	837992	0.155
92	6371061	0.150
31	2116308	0.145
43	2561293	0.140

Price($)	Vol.	No.
0.165	1394276	38
0.170	2209683	38
0.175	2321595	31
0.180	1627124	20
0.185	1232200	19

Last trade - 13.06pm 19/07/2024 (20 minute delay)

LRS (ASX) Chart

Latin's flagship Lithium project is in Brazil, no concern for us.

Talking Australia's very competitive property landscape: Realty Talks

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

Metalicity looking for offers on Admiral Bay zinc project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Latin's flagship Lithium project is in Brazil, no concern for us.

Top Stories

Talking Australia's very competitive property landscape: Realty Talks

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

Metalicity looking for offers on Admiral Bay zinc project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News