Chile unveils plans for its lithium industry
The President of Chile Gabriel Boric has revealed plans to partially nationalize Chile's lithium industry. The country is the world's second largest producer of the metal.
Chile's President Gabriel Boric has said he wants to partially nationalize the country's lithium industry. This comes as there is a high demand for the metal which is used in the production of electric vehicles. Chile is the world's second largest producer of lithium.
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(Picture: A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile. Credit: Reuters.)
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