Reuters quoted Samsung Securities analyst Cho hyunyul as saying that when battery makers renew contracts with lithium battery companies in Chile, contract conditions involving government participation may be stricter than in the past. In addition, some analysts believe that Chile's move may prompt future investment in lithium mines to shift to Australia and other major lithium mining countries, affecting Chile's long-term lithium mine supply.
Reuters further pointed out that after Mexico nationalized lithium mines and Indonesia banned the export of nickel ore, a key battery material, Chile's plan to nationalize lithium mines in particular poses new challenges for electric vehicle makers:
The Chilean government's move has brought challenges to global electric vehicle manufacturers, and the move by the country with large lithium resources to strengthen lithium mine control may also prompt downstream companies to seek more alternative resources.
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