MARTIN BERNETTI via Getty ImagesLast week, Chile announced plans to bring the country’s vast reserves of lithium under government ownership. If successful, Chile would become the third Latin American country to nationalize its lithium reserves and the one with the most advanced and active industry to do so yet. While the left-wing government in Buenos Aires has directed its own state-owned energy company to explore lithium mining, the administration publicly ruled out nationalization in 2021. But lithium mining is at an early stage in South America’s largest economy, which BloombergNEF ranked just two slots above Argentina. Just one private mining company — a subsidiary of China’s Ganfeng Lithium Limited, the world’s No.

Source: Huffington Post May 01, 2023 03:26 UTC