Codelco, which is struggling to boost its copper output, is expanding into lithium under a mandate from President Gabriel Boric to boost the state's role in producing the metal that powers EV batteries. Chile holds the world's largest lithium reserves.
Speaking at Codelco's annual shareholders meeting, Pacheco said the company planned to carry out exploration to gauge the potential for lithium production at the salt flat.
Lithium in Chile is currently mined only in the Atacama salt flat. Codelco plans to partner with miner SQM in that region, as well as spearhead new projects in the Maricunga and Pedernales salt flats, which Chile believes to have high production potential.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
