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Chile's SQM to start lithium talks with state miner Codelco in coming weeks, says CEO

2023-05-18 16:33
MEXICO CITY Chile's lithium miner SQM is set to start talks about lithium projects with state miner Codelco
Chile's SQM to start lithium talks with state miner Codelco in coming weeks, says CEO

MEXICO CITY Chile's lithium miner SQM is set to start talks about lithium projects with state miner Codelco in the coming weeks, the firm's Chief Executive Officer Ricardo Ramos told analysts in a quarterly earnings call on Thursday.

The Chilean government had in April announced plans for stronger state control of the metal, a key component for electric vehicle batteries, which would involve allowing private sector partnerships only if the government holds a majority stake in strategic projects.

(Reporting by Valentine Hilaire and Fabian Andres Cambero; Editing by Sarah Morland)