Lithium Projects Likely to Exceed Government Targets in Chile
- Chile gets 88 lithium exploration proposals in bet on EV rally
- Goal was to reach 3 or 4 projects in development by end 2026
Brine pools at a lithium mine in Calama, Chile.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
Chile’s government said that strong interest from private firms in lithium deals meant it could exceed its goal of three to four new projects in development by the end of 2026.
The 88 lithium development proposals received by the government came from 54 individual companies and groups, according to a presentation by the Mining Minister Aurora Williams on Tuesday. Almost 60 are domiciled in Chile, while the others include 11 from Canadian, four from Australia, three from the US and two from China. The names of those vying for contracts weren’t disclosed.