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Wednesday, June 19, 2024

Chile Trumpets Lithium Investor Interest Despite Slumping Prices

 

Chile said it’s attracting dozens of prospective private-sector partners in its bid to tap more of the world’s biggest lithium reserves, even as prices slump amid a slowing electric-vehicle boom.  Authorities received 88 proposals from 54 different companies from around the globe for new exploration and extraction contracts, Chile’s Finance Minister Mario Marcel said Tuesday at a conference in Santiago. Separately, state-owned Codelco expects to receive initial offers within 90 days from partners looking to join its Maricunga lithium project, Chairman Maximo Pacheco said at the same event. That bidding process is being run by Rothschild.

https://www.bnnbloomberg.ca/chile-trumpets-lithium-investor-interest-despite-slumping-prices-1.2086683

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