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Saturday, April 22, 2023

Top stocks plummet after Chile brings lithium industry under state control

 Shares in the world’s top two lithium producers are tanking after Chile said their contracts will not be renewed under a new public-private partnership model announced on Friday.   Chile’s President Gabriel Boric announced on Thursday night his government would nationalise the country’s lithium supply, applying a model where private companies will be forced to partner with the state to develop the local industry.

https://www.mining.com/top-stocks-plummet-after-chile-brings-lithium-industry-under-state-control/

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