Chile Awards New Lithium Contracts Despite Political Storm
- China’s BYD was one of two winners in the bidding process
- President-elect Boric had called for auction to be delayed
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Chile’s government pushed ahead with contracts to tap more of the world’s biggest lithium reserves, raising harsh criticism from President-elect Gabriel Boric and other opposition groups seeking to halt the bidding process.
The country awarded two of five contracts on offer -- one to Chinese electric vehicle maker BYD Co. Ltd. and another to local firm Servicios y Operaciones Mineras del Norte, the Mining and Energy Ministry said in a statement.