JOURNAL ARTICLE

Codelco, SQM Seal Lithium Venture in Chile's Atacama Desert.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Cobo, Maria Clara 3 of 3

Abstract

The article focuses on a significant agreement between Chile's state-owned copper company Codelco and lithium producer SQM to enhance lithium extraction in the Atacama Desert. They established a joint venture named NovaAndino Litio SpA, merging their respective mining operations, which will allow the venture to manage lithium exploration, production, and sales in the Salar de Atacama until 2060. This partnership aligns with President Gabriel Boric's strategy to increase state control over lithium resources and support the transition from fossil fuels. The deal was finalized after receiving approval from China, contingent on the companies maintaining their existing commercial commitments. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Mining and Mineral Resources
  • Publication Date:2025
  • Accession Number:190508218
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