The government of President Andrés Manuel López Obrador is proposing a $550,000 budget for the company that will be in charge of planning lithium-extraction projects and alliances with the private sector
Brazil is currently the eighth largest global automobile manufacturer, producing economical models aimed at the domestic market and other developing markets
The Chilean government currently has contracts for lithium extraction with SQM and Albemarle, which would benefit from the proposed law, but which would discourage new entrants, according to Fitch Ratings
Chile, Argentina, Brazil and Bolivia combined have 17 projects looking to attract capital as experts highlight the need to add value to the supply chain
The Australian mining company is building a plant to produce 3000 tons of lithium carbonate annually in the Argentine province of Salta, but is also reviewing the costs
Chile and Argentina are among the world’s four biggest producers of the mineral, which is key to electric-vehicle battery production, but production in other countries is also expected to increase
