Government of Chile hopes to define the model that the national lithium company will have, before the end of the year

Only the private giants Albemarle and SQM operate in the Latin American country with facilities in the rich Salar de Atacama. The Chilean government announced that the state lithium company that they plan to create will allow the participation of private capital, but the state will be the main shareholder.

RIO DE JANEIRO, BRAZIL - The Chilean government hopes to have defined before the end of the year the model that a promised national lithium company will have to develop the listed light metal, Mining Minister Marcela Hernando was quoted as saying by a local newspaper on Sunday.

In the South American country, the world's second largest producer of the key component for electric car batteries, only the private giants Albemarle and SQM operate with facilities in the rich Salar de Atacama.

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