Financial Times commodities correspondent - batteries, metals and mining. Life before journalism spent in Tokyo. Don't be shy, get in touch harry.dempsey@ft.comSource
Chile has moved to take state control of important lithium projects in an attempt to develop its vast resources of the critical electric car battery metal after decades of two industry leaders dominating production.
But mining executives and analysts believe the strategy unveiled last month will have the opposite effect, further eroding the attractiveness of the world’s second-largest lithium producer as an investment destination, to the benefit of Australia, Argentina and several African countries.
The move brings Chile somewhat closer to fellow Latin American countries Bolivia and...…Chile has moved to take state control of important lithium projects in an attempt to develop its vast resources of the critical electric car battery metal after decades of two industry leaders dominating production.
But mining executives and analysts believe the strategy unveiled last month will have the opposite effect, further eroding the attractiveness of the world’s second-largest lithium producer as an investment destination, to the benefit of Australia, Argentina and several African countries.
The move brings Chile somewhat closer to fellow Latin American countries Bolivia and...WW…