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Chile unveils plans to nationalise vast lithium industry

Santiago | Chile’s President Gabriel Boric said on Thursday (Friday AEST) he would nationalise the country’s lithium industry, the world’s second-largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.

The long-awaited move in the country with the world’s largest lithium reserves would in time transfer control of Chile’s vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company.

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Bloomberg and Reuters

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    Original URL: https://www.afr.com/policy/energy-and-climate/chile-unveils-plans-to-nationalise-vast-lithium-industry-20230421-p5d2bv