Shares of some large lithium mining companies traded lower after Chile’s president unveiled a state-led strategy to develop its resources of the metal
Illustration: Michael TabbShares of some of the world’s biggest lithium mining companies traded sharply lower on Friday after Chilean President Gabriel Boric unveiled a new state-led strategy to develop its vast resources of the metal, which is vital for the development of electric vehicles.
Mr. Boric, a leftist former student protest leader who took office last year, announced late Thursday plans to create a state-owned lithium company to develop , a key campaign promise. In a televised address, Mr. Boric said the state would take a majority stake in partnerships with private companies to develop lithium.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chile's Boric announces plan to nationalize lithium industryChilean President Gabriel Boric said on Thursday he would nationalize the country's lithium industry and create a separate state-owned company to produce the metal used to make electric vehicle batteries.
Read more »
Chile plans to nationalize its vast lithium industryChile's President Gabriel Boric said on Thursday he would nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.
Read more »
Factbox: Chile lithium move latest in global resource nationalism trendChile's President Gabriel Boric announced on Thursday he would nationalise the country's vast lithium industry to boost the economy and protect the environment.
Read more »
Chile plans to nationalize its vast lithium industryChile's president aims to nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries.
Read more »
Tesla to break ground at Texas lithium refinery in MayTesla Inc.’s new lithium refinery in Texas will break ground in May, Tesla executives said on a call late Wednesday after the EV maker’s first-quarter...
Read more »
Deadly dilemma: NYC searching for effective measures to regulate lithium-ion batteriesAn e-battery can explode in an apartment or building next to yours and it's out of your control. It's happening in record numbers in New York, which has become ground zero for lithium-ion battery fires in the country.
Read more »