With the global race to secure lithium heating up in 2016, Chile's presiden...
SANTIAGO - With the global race to secure lithium heating up in 2016, Chile’s president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world’s lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet.
The stagnation means lithium supply from Chile, the world’s second largest producer of the white metal, will hinge on the water-constrained Atacama salt flat, home to privately held top producers SQM and Albemarle. Authorities are weighing water conservation measures at Atacama that could crimp Lithium output.
A third Codelco executive told Reuters several miners, which they would not name, had met with the company to discuss a potential partnership in lithium. But they had been turned off by a lack of detailed studies quantifying Codelco’s assets, the person said. “There just isn´t much space for newcomers,” Guajardo said. “Codelco could have done something about that...but progress has been slow.”Chile´s mining ministry has called Maricunga and Pedernales among the most “economically viable” for development of Chile´s salt flats after Atacama, which currently supplies nearly 40 percent of the world´s lithium.
Codelco appealed the decision in September, then sent lobbyists to try to change CCHEN´s mind the following month, according to the filings and lobbyist transparency records viewed by Reuters. CCHEN has requested more information of the miner.
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