Chilean state producer Codelco and mining firm SQM have established the joint venture Nova Andino Litio to exploit vast reserves in the Atacama Salt Flat.The partnership follows the National Lithium Strategy launched by Gabriel Boric to regain global leadership in producing the metal essential for electric vehicle batteries.While
Codelco will assume majority management control in 2031, the agreement explicitly excludes
Julio Ponce Lerou from the board due to past controversies surrounding
SQM.
Published: 5h | Updated: 3h